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Entreprendre Sherbrooke — Propulsion Fund Sherbrooke
Non-repayable funding for Sherbrooke businesses
Last Update: April 9, 2026
Funding available
$ 1,000 - $ 20,000
Timeline
- Open continuously
Location
Sherbrooke, Estrie, Quebec, Canada
Overview
This program provides non-repayable funding to support business start-ups, growth, succession, buyouts, and long-term business continuity in Sherbrooke. It supports eligible expenses such as capital costs, technology, professional fees, and working capital.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Increase production or service capacity
- Implement environmental initiatives
Eligible Funding
- Maximum amount : 20,000 $
- Minimum amount : 1,000 $
- Up to 70% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Sherbrooke
- Estrie
- Quebec
Legal structures
- Non-profit
- Public or Parapublic institution
- Non-financial cooperative
- Social economy enterprise
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
- Employment and Training
- Business Associations
Target groups
- Business owners / entrepreneurs
- Nonprofits / charities
Revenue structures
- Mixed revenue (50%+ earned)
Scope
- Municipal
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business start-up projects
- Business growth projects
- Business succession projects
- Business buyout projects
- Projects supporting the continuity of an existing business
Documents Needed
- Business plan with 2-year financial projections
- Financial statements
- Proof of capital contribution and cash down payment
- Criminal record declaration for promoters
- Transaction documents, for buyout or succession projects
Eligibility
Who is eligible?
- Social economy enterprises
- For-profit businesses
- Businesses in commerce, services, agro-food, and artisanal production
- Start-ups, growth projects, succession cases, and buyouts
Who is not eligible
- Pyramid businesses
- Businesses promoting violence, nudity, sexuality, religion, politics, or controversial content
- Self-employed workers and commission-based self-employed workers
- Seasonal businesses without year-round operations
- Large-format retail stores under the for-profit stream
Eligible expenses
- Capital expenses such as land, buildings, equipment, machinery, incorporation fees, and patents
- Technology, software, and software licenses
- Professional fees
- Working capital for one year of operations
Ineligible Costs and Activities
- Debt repayment
- Pyramid businesses
- Activities promoting violence, nudity, sexuality, religion, politics, or controversial content
- Self-employed workers paid by commission
- Seasonal projects without year-round operations
Eligible geographic areas
- Sherbrooke, Quebec
Processing and Agreement
- Applications are reviewed by the economic development service.
- The service makes a recommendation to the City of Sherbrooke.
- The City makes the final decision on the application.
- Applicants are informed of the decision in the following days.
Additional information
- One business or group can receive support only once every 24 months.
- Financial statements must be submitted quarterly for 24 months after funding is received.
- Applicants must provide a criminal record declaration.
- The support is intended to be complementary to existing government programs.
Frequently Asked Questions about the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke Program
What is the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke?
This program provides non-repayable funding to support business start-ups, growth, succession, buyouts, and long-term business continuity in Sherbrooke. It supports eligible expenses such as capital costs, technology, professional fees, and working capital.
How much funding can be received?
Entreprendre Sherbrooke — Propulsion Fund Sherbrooke Funds up to 70% of admissible expenses, capped at $20,000 per project.
Who is eligible for the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke program?
To be eligible for the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke program, you must:
Business located in Sherbrooke
Start-up, growth, succession, or buyout project
Viable project with business plan
What expenses are eligible under Entreprendre Sherbrooke — Propulsion Fund Sherbrooke?
Business start-up projects
Business growth projects
Business succession projects
Business buyout projects
Projects supporting the continuity of an existing business
Who can I contact for more information about the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke?
You can contact Entreprendre Sherbrooke.
Where is the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke available?
The Entreprendre Sherbrooke — Propulsion Fund Sherbrooke program is available Estrie, Quebec.
Is the Entreprendre Sherbrooke — Propulsion Fund Sherbrooke a grant, loan, or tax credit?
Entreprendre Sherbrooke — Propulsion Fund Sherbrooke is a Grant and Funding