SADC Lac-St-Jean Ouest — Youth Strategy Fund
Last Update: April 1, 2025
QC, Canada
Supports young entrepreneurs with loans and personalized guidance
SADC Lac-St-Jean Ouest — Youth Strategy Fund at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- SADC Lac-St-Jean Ouest
Status
Open
Overview of the SADC Lac-St-Jean Ouest — Youth Strategy Fund program
The SADC Lac-St-Jean Ouest — Youth Strategy Fund offers a maximum funding amount of $25,000 to individuals aged 18 to 39. It is designed to encourage the acquisition, startup, expansion, or modernization of businesses by young entrepreneurs.
Financing terms and conditions
The SADC Lac-St-Jean Ouest Youth Strategy Fund provides beneficial financing options to support young entrepreneurs in their business ventures. These modalities are designed to enhance financial accessibility and encourage entrepreneurial growth.
- Maximum loan amount of $25,000 per eligible individual, targeting individuals aged 18 to 39.
- Interest-free period for the first two years.
- Principal repayment deferral for the first six months.
- Availability of dual funding for two young entrepreneurs collaborating on a single project.
Eligible projects & activities
This fund aims to support young individuals in launching and expanding enterprises by providing financial assistance. The eligible projects emphasize acquisition, establishment, growth, and modernization of businesses.
- Acquisition of existing businesses by young entrepreneurs aged 18 to 39.
- Setting up new business ventures by young individuals.
- Expansion of current business operations managed by youths.
- Modernization of existing business infrastructure and processes.
Examples of admissible projects:
$ 150,000
Develop an eco-friendly waste management system
$ 110,000
Upgrade agri-tech solutions for sustainable farming practices
$ 85,000
Launch an indigenous cultural arts education program
$ 110,000
Implement a digital platform for local artisans
$ 65,000
Develop inclusive community outreach for mental health
$ 200,000
Establish a renewable energy cooperative
Eligibility criteria of the SADC Lac-St-Jean Ouest — Youth Strategy Fund program
Eligibility for the Youth Strategy Fund is intended to support young entrepreneurs in acquiring, expanding, or modernizing their business ventures.
- Applicants must be individuals aged between 18 and 39 years old.
- Eligible activities include starting, acquiring, or expanding a business.
- Entrepreneurs should demonstrate a commitment to employment creation and community engagement.
Who is eligible?
The SADC Lac-St-Jean Ouest Youth Strategy Fund is available for young entrepreneurs aged 18 to 39 who exhibit an interest in launching, acquiring, expanding, or modernizing a business. This program is designed to enhance the employability of young individuals by promoting their involvement in the social, cultural, and economic spheres.Eligible applicants include:- Young entrepreneurs within the specified age range aiming to start a new business or acquire an existing one.- Individuals seeking funding to support the expansion or modernization of their entrepreneurial ventures.- Those interested in projects that promote or enhance social, cultural, and economic engagement in their communities.The program allows for:- Loans of up to $25,000 per individual, with the possibility of joint applications for two entrepreneurs working on the same project.- Exemptions from interest payments for a period of 2 years, alongside a principal repayment grace period of the first 6 months.
Eligible expenses
The grant covers specific expenses related to various projects that enhance business development and innovation.
- Acquisition of new equipment, buildings, or rolling stock.
- Projects improving customer experience and diversifying service offerings in the tourism sector.
- Adoption and integration of digital technologies to enhance efficiency and business growth.
- Projects focused on energy efficiency, waste management, and emission reduction for sustainable development.
- Implementation of management systems, automation, and IT security for digital transformation.
Eligible geographic areas
This fund is specifically designed for businesses and projects located within the territory of the MRC Domaine-du-Roy. It aims to support local economic development through strategic financing and personalized support.
- MRC Domaine-du-Roy
How to apply to the SADC Lac-St-Jean Ouest — Youth Strategy Fund program
1
Project Identification
- Analyze the needs of your business to determine if the Youth Strategy Fund meets your expectations.
- Confirm that your project meets the funding criteria.
2
Contact with the SADC
- Contact the SADC Lac-St-Jean Ouest to discuss your project and verify your eligibility.
- Receive advice on preparing your application file.
3
Preparation of the documentation
- Compile the necessary documents to submit your application, such as the business plan and financial statements.
- Draft a strong proposal detailing your funding needs and the objectives sought.
4
Submission of the request
- Submit your complete file to the SADC Lac-St-Jean Ouest by the means specified during your initial contact.
- Ensure that all required documentation is included and complete.
5
Follow-up on the request
- Receive a notification regarding the status of your application and any additional information that may be required.
- Be prepared to provide further explanations if requested.
Additional information
Here are additional relevant details for this grant:
- Personalized guidance and rigorous follow-up will be provided throughout the loan duration by SADC professionals.
- Possibility of an interest suspension for two years, and a moratorium on principal repayment for the first six months.
- Two young entrepreneurs can receive financing for the same project.
- Additional conditions may apply to the grant and should be confirmed with SADC.