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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
$ 200,000
Establish a renewable energy cooperative
$ 65,000
Develop inclusive community outreach for mental health
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.
