SADC Shawinigan — Youth Strategy Fund
Shawinigan, QC, Canada
Youth Strategy Fund supports young entrepreneurs in Shawinigan
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- SADC Shawinigan
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grant_card_status|open
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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|projects
The grant supports young entrepreneurs in Shawinigan by providing financial assistance for various business projects. Eligible activities include company acquisition, business succession, start-up ventures, and business growth initiatives.
- Acquisition of an existing business.
- Business succession planning and execution.
- Start-up of a new business venture.
- Growth and expansion activities for a current business.
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 available to young entrepreneurs whose businesses operate in Shawinigan. The eligible geographical area is specific to ensure support for local economic development.
- Businesses based in Shawinigan, Quebec.
grant_single_labels|register
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.
grant_single_labels|contact
819
Apply to this program
Empowering Young Entrepreneurs in Shawinigan
The Fonds Stratégie Jeunesse provides young entrepreneurs in Shawinigan with the financial assistance needed for business acquisition, succession, start-up, and expansion through personal loans ranging from $5,000 to $25,000 with a 24-month interest-free benefit. This initiative aims to foster youth entrepreneurship, ensuring the next generation of business leaders have the support to build and sustain economically viable enterprises.
Detailed Insight into the Fonds Stratégie Jeunesse
The Fonds Stratégie Jeunesse is strategically designed to enliven the entrepreneurial spirit among young people in Shawinigan by furnishing critical financial backing. This initiative supports those between 18 and 39 years, facilitating pathways into ownership and innovation within the competitive business landscape. With an accommodating loan structure, young business owners can receive between $5,000 and $25,000 per individual, thereby enabling them to embark on or expand their entrepreneurial ventures. Notably, two young entrepreneurs can join forces on a single venture and receive individual loans, creating synergy in tackling larger business aspirations together.
Beyond financing, the emphasis of the Fonds Stratégie Jeunesse is on ensuring the sustainability and long-term viability of young-led businesses. Applicants are encouraged to substantiate their understanding and experience in their chosen field, ensuring that the funded ventures are both innovative and practical with a strong potential market. The evaluation process includes confirmation of the feasibility of the business model and its capacity to sustain operations profitably in the long haul. This focus not only equips young entrepreneurs with financial resources but also fosters responsible business planning and strategic growth.
The unique advantage of this fund is its focus on local impact, predicated on projects taking root in Shawinigan. This geographical focus aims to enrich the local economic ecosystem, nurturing businesses that directly contribute to the economic vibrancy and employment capacity of the region. By rooting businesses firmly in Shawinigan, the fund endeavors to create a sustainable local economy, driven by innovative youth-based enterprises.
Accompanying the flexible financial assistance are opportunities for accelerated processing, especially rewarding existing businesses with potential rapid growth plans. This creates an environment of responsiveness and agility for business owners ready to scale operations or introduce new products. For those embarking on start-up projects, a detailed evaluation and preparation phase ensures all facets of the business are well-prepared to handle market entry and operational challenges.
The Fonds Stratégie Jeunesse stands out in its comprehensive support not just financially but also through various advisory services from the SADC. Young entrepreneurs have access to counseling and mentoring aimed at refining business models, expanding market reach, and integrating technological innovations into their businesses. This holistic approach empowers them not merely to access funds but also to thrive in a competitive marketplace.
This initiative represents an excellent opportunity for young individuals passionate about entrepreneurship to make tangible impacts in their community, fostering a new wave of economic development driven by innovative and ambitious young leaders. As they venture into the world of business, these entrepreneurs are not only steered by financial incentives but are also supported through structured guidance and a nurturing community network.
