
SADC Shawinigan — Youth Strategy Fund
- Open continuously
Overview
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.
At a glance
Funding available
- Complete an acquisition or business transfer
- Maximum amount : 25,000 $
- Minimum amount : 5,000 $
- Open continuously
Eligible candidates
- All industries
- Shawinigan
- Mauricie
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Youth (<40)
- Startups
Next steps
Activities funded
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
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.
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.
Frequently Asked Questions about the SADC Shawinigan — Youth Strategy Fund Program
What is the SADC Shawinigan — Youth Strategy Fund?
How much funding can be received?
Who is eligible for the SADC Shawinigan — Youth Strategy Fund program?
What expenses are eligible under SADC Shawinigan — Youth Strategy Fund?
Where is the SADC Shawinigan — Youth Strategy Fund available?
Is the SADC Shawinigan — Youth Strategy Fund a grant, loan, or tax credit?
Who are the financial supporters of the SADC Shawinigan — Youth Strategy Fund?
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