MRC Arthabaska — Young Promoters Fund (YPF)
QC, Canada
Entrepreneur assistance program for young business development in Arthabaska
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
grant_single|grantors
- MRC Arthabaska
grant_single|status
grant_card_status|open
grant_single_labels|preview
The program aims to support entrepreneurs aged 18 to 35 in their business projects or in acquiring ownership stakes in a company within the MRC d'Arthabaska, offering a maximum funding amount of up to $8,000. Eligible activities include the creation of two permanent jobs within the first two years and purchasing capital assets or working capital for the first year of operations.
grant_single_labels|terms_and_conditions
This grant program offers financial support to young entrepreneurs in the MRC Arthabaska to assist them in launching or acquiring a significant stake in a business. Alongside financial assistance, technical support is provided to facilitate business planning and implementation.
- Financial subsidy amounting to $4,000, and up to a maximum of $8,000.
- Possibility of assistance for acquiring more than 25% of stakes in an eligible business located in a rural area.
- Technical support in creating a business plan.
- Ongoing follow-up and support over two consecutive years.
grant_single_labels|projects
This grant supports young entrepreneurs in establishing or acquiring a significant stake in a business within MRC Arthabaska. The eligible projects are aimed at fostering business growth and job creation in the manufacturing or business services sectors.
- Starting a new business venture in the manufacturing sector.
- Launching a business services company.
- Purchasing significant ownership (more than 25%) of an existing eligible business, particularly in rural areas.
- Investment in capital assets necessary for the first year of operations.
- Securing working capital required for initial business operations.
- Creating at least two permanent jobs within the first two years of operation.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the entrepreneur's age, business location, industry, and project impact.
- The entrepreneur must be aged between 18 and 35.
- The business must be a for-profit entity located in the MRC d'Arthabaska.
- The business must operate in the manufacturing sector or provide business services.
- The project must result in the creation of two permanent jobs within the first two years.
- The entrepreneur must be in their first or second business start-up or ownership.
- The entrepreneur must possess relevant expertise for the project.
- Eligible expenses include the purchase of capital assets and/or working capital for the first year of operation.
- The promoter must provide an equity contribution.
grant_eligibility_criteria|who_can_apply
Entrepreneurs aged between 18 and 35 who are starting a business or purchasing stakes in a company located in Arthabaska RCM are eligible to apply. Applicants must focus on creating a profitable business in the manufacturing or business services sector within Arthabaska RCM, Canada. Additional criteria include ownership requirements, the demonstration of relevant expertise, and financial contributions by the promoter.
grant_eligibility_criteria|eligible_expenses
The grant covers expenses related to capital asset purchases and initial operational funding for eligible businesses.
- Purchase of capital assets.
- Working capital for the first year of operation.
grant_eligibility_criteria|zone
This grant is specifically available to companies located within a particular regional jurisdiction in Canada. Applicants must ensure their business operations fall within the designated area to be considered eligible.
- Businesses situated in the MRC of Arthabaska.
grant_single_labels|register
- Step 1: Verify Eligibility
- Ensure you meet all the eligibility criteria, including age requirements, business location, and sector.
- Confirm your project will create two permanent jobs within the first two years.
- Step 2: Gather Required Documents
- Prepare a business plan outlining your project vision and operational strategy.
- Compile any necessary documents such as proof of experience and financial plans.
- Step 3: Financial Preparation
- Ensure you have the necessary funds for capital and operating expenses.
- Plan for submission of financial documentation as part of your application.
- Step 4: Complete Application Form
- Access the official application form for the grant.
- Fill in all required fields accurately and comprehensively.
- Step 5: Submit Application
- Submit your completed application and all supporting documents as instructed by the funding body.
- Ensure all materials are submitted before the deadline.
- Step 6: Application Confirmation
- Receive confirmation of your application submission from the program organizers.
- Keep the confirmation for your records and follow up if necessary.
Apply to this program
Empowering Young Entrepreneurs in the MRC of Arthabaska
This grant program offers financial and technical support to young entrepreneurs aged between 18 and 35 who aim to start or acquire significant shares in a business located in the MRC of Arthabaska. The program is designed to stimulate economic growth by facilitating the creation of new jobs in this rural region.
Comprehensive Details About the Grant and Its Impact on Economic Growth
The program is specifically tailored to empower young entrepreneurs through both financial aid and technical support. Young business owners who meet the eligibility criteria can receive a grant ranging from $4,000 up to $8,000. This financial support is vital for those looking to initiate or expand a business in sectors such as manufacturing or business services within the MRC of Arthabaska. In addition to the initial funding, the program also offers an opportunity to gain assistance for acquiring more than 25% ownership in an eligible business situated in rural areas. This aspect of the grant broadens the horizon for young professionals seeking to solidify their stake in the business landscape.
Alongside financial aid, the grant program ensures that recipients are not left to navigate the complexities of starting a business alone. Beneficiaries receive technical support that includes guidance in developing a robust business plan. This strategic aid is crucial for young entrepreneurs who may be taking their first or second step into business ownership. The inclusion of follow-up and ongoing guidance for two consecutive years helps ensure that the businesses not only survive but thrive in their initial stages, setting a solid foundation for future growth and sustainability.
The grant's design acknowledges the needs of the modern entrepreneur by requiring that each project results in the creation of two permanent jobs within the first two years. This criterion not only addresses immediate employment needs but also contributes to the economic vitality of the region by generating stable job opportunities for other community members. The requirement that the applicant must have a relevant expertise and possess a substantial capital investment in the initiative ensures that the chosen projects are viable and the promoters are committed.
Furthermore, while the grant conditions are straightforward, they are comprehensive enough to ensure that the investment made into each business has long-lasting impacts. The program places an emphasis on the development of businesses that are likely to continue contributing to the local economy beyond the initial grant period. By focusing on sectors with high growth potential and requiring a strategic business approach, the grant maximizes its impact on the regional economy.
Overall, this grant program represents a significant opportunity for young entrepreneurs in the MRC of Arthabaska, fostering an environment where they can translate their innovative ideas and robust business plans into actionable and sustainable ventures. The combination of financial backing and intensive support structures not only enhances the capabilities of young business leaders but also enriches the broader economic fabric of the region, propelling it towards a more prosperous and dynamic future. Such initiatives are pivotal in aiding the transition of rural areas to modern economic competitiveness while ensuring that young professionals are at the helm of regional development strategies. Through this holistic support mechanism, the grant ensures that the entrepreneurial spirit thrives and continues to lead to community growth, employment creation, and sustained business success in the MRC of Arthabaska.
