SADC Shawinigan — Youth Strategy Fund
Last Update: January 24, 2025
Shawinigan, QC
Youth Strategy Fund supports young entrepreneurs in Shawinigan
SADC Shawinigan — Youth Strategy Fund at a glance
Eligible Funding
- From 5,000 to 25,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- SADC Shawinigan
Status
Open
Overview of the SADC Shawinigan — Youth Strategy Fund program
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.
Financing 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.
Eligible projects & activities
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.
Eligibility criteria of the SADC Shawinigan — Youth Strategy Fund program
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.
Who is eligible?
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.
Eligible geographic areas
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.
How to apply to the SADC Shawinigan — Youth Strategy Fund program
1
Project Preparation
- Identify and define the business project for which funding is required.
- Ensure the long-term economic viability of the project.
- Evaluate the potential market for the project.
2
Eligibility Criteria
- Ensure that you meet the age (18-39 years) and location (operations in Shawinigan) requirements.
- Check the ownership of the majority of the company.
- Confirm relevant experience and knowledge in the field of activity.
3
Financial procedures
Make arrangements with a financial institution for the project.
4
Collection of documents
Gather all the necessary documents for the analysis of the request.
5
Complete the online request
- Use the online funding application form to enter the required information.
- Carefully review the application to ensure the accuracy of the information provided.
- Upload the required documents on the online platform.
6
Submission of the application
Submit the funding application online via the SADC Shawinigan website.
7
Confirmation
Wait for an acknowledgment of receipt confirming the reception of your request.
Additional information
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.