SADC Shawinigan — Youth Strategy Fund
grant_single|update January 24, 2025
Shawinigan, QC
Youth Strategy Fund supports young entrepreneurs in Shawinigan
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- SADC Shawinigan
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds Stratégie Jeunesse provides financial assistance in the form of a personal loan ranging from $5,000 to $25,000, aimed at supporting young entrepreneurs (aged 18-39) in projects like business acquisition, succession, startup, and growth activities. This program requires that the business operations are carried out in Shawinigan, ensuring the enterprise's long-term economic viability.
grant_single_labels|terms_and_conditions
The SADC Shawinigan — Youth Strategy Fund offers financial support to young entrepreneurs to help realize their entrepreneurial projects. The financing modalities are designed to support acquisition, succession, startup, and business growth endeavors effectively.
- Personal loans ranging from $5,000 to $25,000 are available.
- An interest-free period of up to 24 months is offered.
- Two young entrepreneurs may receive funding for the same project.
grant_single_labels|projects
The Youth Strategy Fund aims to support young entrepreneurs in Shawinigan through various business development activities. The eligible projects are diverse and focus on enabling the acquisition, succession, start-up, and growth of businesses.
- Projects for acquiring existing businesses to continue or expand operations.
- Succession planning and execution for businesses requiring leadership transition.
- Startup ventures, helping young entrepreneurs launch new businesses.
- Expansion initiatives for growing existing businesses and increasing market reach.
grant_single_labels|admissibility
Eligibility for the "Fonds Stratégie Jeunesse" grant requires meeting specific criteria related to the applicant's profile and business project.
- The proposed business project must operate in Shawinigan.
- The applicant must be aged between 18 and 39 years inclusive.
- The applicant must be the majority owner of the business.
- The applicant must ensure the long-term economic viability of the company.
- The applicant must demonstrate knowledge and experience relevant to the business sector.
- Applicants must have engaged with a financial institution.
- There must be evidence of a potential market for the business.
grant_eligibility_criteria|who_can_apply
This grant is aimed at young entrepreneurs looking to acquire, transition, start, or grow a business, specifically within the Shawinigan area. To qualify, applicants need to fulfill specific conditions.
grant_eligibility_criteria|zone
This grant is tailored for businesses operating within a specific regional context. The eligible location for this grant is outlined by the grant maker.
- Shawinigan, Quebec, Canada.
grant_single_labels|apply
Here are the steps to submit an application for the Fonds Stratégie Jeunesse:
- Step 1: Verify Eligibility
- Ensure that your business is operational in Shawinigan.
- Confirm your age is between 18 to 39 and that you are the majority owner of the business.
- Check that you meet the knowledge and financial preparation criteria.
- Step 2: Prepare Required Documents
- Gather all necessary documents for your application.
- Ensure your proposal demonstrates economic viability and market potential.
- Prepare evidence of financial institution consultation.
- Step 3: Complete the Online Application
- Access the online funding application form.
- Fill out the form with all requested information about your project and business.
- Step 4: Submit Application
- Review your application for accuracy and completeness.
- Submit the application through the provided online portal.
- Step 5: Confirmation and Follow-Up
- Receive a confirmation of submission.
- Await processing, which may take up to two weeks for existing businesses, or a month for startups.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Two entrepreneurs can apply for a loan for the same project, enhancing collaborative opportunities.
- An interest-free period of 24 months provides financial relief during the early stages of business development.
- Existing businesses may receive expedited processing within two weeks, subject to specific conditions.
- A printable version of the application form is available, helpful for preparing before starting the online application.
- The SADC Shawinigan offers additional services like digital transformation and human resources management support, which can complement the financial assistance provided by the grant.