SADC Lac-St-Jean Ouest — Youth Strategy Fund
QC, Canada
Supports young entrepreneurs with loans and personalized guidance
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- SADC Lac-St-Jean Ouest
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 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
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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
grant_single_labels|register
Here are the steps to submit an application for the SADC Lac-St-Jean Ouest — Youth Strategy Fund:
- Step 1: Determine Eligibility
- Check that you meet the age requirement of 18 to 39 years.
- Ensure your project fits within the fund's focus on acquisition, creation, expansion, or modernization of a business.
- Step 2: Contact SADC for Guidance
- Reach out to SADC Lac-St-Jean Ouest for more information on the application process.
- Seek advice on tailoring your application to meet the fund’s objectives.
- Step 3: Prepare Your Application
- Compile necessary documentation such as a business plan, financial forecasts, and personal identification.
- Ensure you have detailed project plans outlining the intended use of the funds.
- Step 4: Submit Your Application
- Follow instructions provided by SADC to submit your application.
- Ensure that all required documents are complete and accurate before submission.
- Step 5: Await Acknowledgment
- Receive confirmation from SADC Lac-St-Jean Ouest that your application has been received.
- Retain any reference numbers or communications for future reference.
grant_single_labels|otherInfo
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.
Apply to this program
Nurturing Youth Entrepreneurship Through the SADC Lac-St-Jean Ouest Youth Strategy Fund
The Youth Strategy Fund offers tailored financial support to young entrepreneurs aged 18 to 39, fostering the acquisition, establishment, and modernization of enterprises. This initiative aims to enhance youth employability and promote their involvement in social, cultural, and economic spheres in the region.
An In-Depth Look at the Youth Strategy Fund
Focused on empowering young visionaries, the Youth Strategy Fund from SADC Lac-St-Jean Ouest is a pivotal tool in stimulating entrepreneurial spirit among the youth in Quebec. By providing accessible financing options, this fund seeks to remove barriers that young entrepreneurs may face, enabling them to bring fresh ideas to life and contribute to the economic vibrancy of their communities.
Youth entrepreneurs can benefit from a maximum loan of $25,000, designed to kickstart or expand their businesses. Notably, the program features an attractive interest-free period of two years and a capital repayment moratorium for the first six months, offering a softer financial outset. This effectively allows budding entrepreneurs to focus on the growth and stabilization of their venture without immediate repayment pressures.
The fund accommodates diverse entrepreneurial projects, whether it involves launching a novel enterprise, acquiring an existing one, or scaling up through modernization. The flexibility in the fund's application ensures that various business needs can be met, propelling the economic fabric of the region forward.
Additionally, the Youth Strategy Fund underscores the importance of partnerships in business development. It allows two young entrepreneurs to align their resources by granting them eligibility to apply for funding within the same venture, thereby enhancing collaborative growth and shared success within the community.
SADC Lac-St-Jean Ouest offers tailored advice and continuous oversight through this initiative, ensuring that young business leaders receive personalized guidance aimed at navigating the complexities of the business environment. This aspect of mentorship amplifies the efficacy of the financial support, as entrepreneurs not only gain capital but also strategic insights that are vital for sustained growth and innovation.
In this way, the program not only addresses the immediate need for financial resources but also invests in the developmental potential of young entrepreneurs who are poised to become future leaders in their sectors. Through strategic funding and ongoing support, the Youth Strategy Fund serves as a catalyst for dynamic and innovative business initiatives.
