Youth Strategy
QC, Canada
Start-up loan for young Quebec entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Wage Subsidies And Interns
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Réseau des SADC et CAE
grant_single|status
grant_card_status|open
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Get a loan of up to $25,000 to start a business in Quebec, and the possibility of financing two young people for the same project, for a total of $50,000 if you're an entrepreneur between the ages of 18 and 39.
grant_single_labels|projects
The grant is managed by the SADC and CAE networks in Quebec, indicating regional eligibility within Quebec. This suggests a focus on supporting entrepreneurial activities and youth employment in various regions of Quebec.
- Companies and initiatives within regions served by SADCs (Sociétés d'aide au développement des collectivités) in Quebec.
- Projects in areas supported by CAEs (Centres d'aide aux entreprises) specifically in Quebec.
grant_single|admissibleProjectsExample
$25,000
Opening a youth entrepreneurship co-working space
$25,000
Launching an eco-friendly fashion line
$25,000
Establishing a digital marketing agency
grant_single_labels|admissibility
Eligibility for this youth services grant is based on specific age requirements and regional focus.
- The applicant must be aged between 18 and 39 years old for entrepreneurship projects.
- The applicant must be under the age of 30 for internships.
- The project or job opportunity must be located in the applicant's region through an SADC or CAE.
grant_eligibility_criteria|who_can_apply
The grant is designed for youth aged 18 to 39 who are interested in starting a business or finding a job in the regions of Quebec through SADC and CAE support programs.
grant_eligibility_criteria|eligible_expenses
This grant supports projects that aim to empower young people in regional areas through entrepreneurship and employment opportunities. Eligible activities focus on business development, job creation, and targeted internships in various fields.
- Starting a business project in the regions for young entrepreneurs.
- Securing entrepreneurial funding for young individuals, with potential joint funding for collaborative projects.
- Providing internships in local communities for individuals under 30 to gain hands-on experience in their field of study.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant:
- Entrepreneurs must be between the ages of 18 and 39.
- Projects must show potential for creating jobs or maintaining employment.
- Potential for economic growth and sustainability.
- Clear business plan and vision.
- Feasibility of the proposed project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Ensure you are between the ages of 18 and 39 to qualify for the personal loan.
- Check if you are under the age of 30 for internship opportunities.
- Step 2: Contact Local SADC or CAE
- Find your nearest SADC or CAE by using the provided tools or directories.
- Contact them for detailed information on the application process specific to your region.
- Step 3: Gather Required Documentation
- Prepare all necessary personal identification documents.
- Compile any supportive documents required for your business proposal or internship application.
- Step 4: Develop a Business Proposal or Internship Plan
- Draft a clear and detailed proposal outlining your business idea or internship goals.
- Include potential benefits to the community and personal development objectives.
- Step 5: Submit Application
- Submit your completed application and all required documents to your local SADC or CAE.
- Ensure submission is before any specified deadlines to be considered for the grant or internship.
- Step 6: Await Response
- Wait for feedback regarding your application status and potential interviews or further requirements.
- Respond promptly to any requests for additional information.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- An emphasis is placed on encouraging youth to remain in or return to their regions to contribute to local economic development.
- The initiative includes creating or maintaining jobs specifically through the enterprise efforts of young entrepreneurs.
- Support is not limited to financing but also includes resources and guidance from local SADCs and CAEs.
- A flexibility is offered in loan repayment, including potential moratoriums which benefit young entrepreneurs starting their ventures.
Apply to this program
Empowering Youth Entrepreneurship in Quebec
This initiative aims to foster youth development in Quebec by providing financial support and resources to young entrepreneurs seeking to start their own businesses or secure employment in their regions. It supports young people aged 18 to 39 with personal loans and internship opportunities, while promoting regional sustainability and economic growth.
A Detailed Look at the Youth Services Grant
The Youth Services Grant is a pivotal program designed to stimulate economic vitality in Quebec's regions by encouraging young residents to engage in entrepreneurial activities or pursue meaningful employment within their communities. Initiated and managed by the SADCs (Société d'aide au développement des collectivités) and CAEs (Centres d'aide aux entreprises), this grant functions as a significant driver for economic empowerment among the youth population in various regional settings.
Specifically targeting young individuals aged 18 to 39, the program offers a comprehensive support structure that integrates financial aid with mentorship and internship options. This ensures that the youth not only receive the financial resources they need to start their businesses but also the necessary guidance and professional exposure to thrive in their chosen fields.
The financial component of the grant is particularly noteworthy. Qualified young entrepreneurs can receive personal loans up to $25,000, with the possibility of joint applications reaching a total of $50,000 for collaborative business projects. These loans are designed with the young entrepreneur in mind, offering flexible repayment terms including a moratorium on interest and a possible two-year pause on returning the capital. This flexibility alleviates financial pressures in the critical early stages of business development, encouraging experimentation and growth.
In addition to financial support, the grant framework facilitates numerous internships within the SADCs and CAEs for individuals under 30, introducing them to hands-on experience in their respective fields of study. This dual approach of nurturing both entrepreneurship and career development is fundamental to fostering a resilient and dynamic workforce poised to address the unique challenges and opportunities within Quebec's regional economies.
Over the years since its inception in 1997, the program has proven its efficacy, benefiting more than 9,000 young Quebecers and contributing to the creation or maintenance of over 31,000 jobs. Such impressive statistics highlight its role in not just individual career advancement but also community development, underpinning regional economic structures.
The critical aim of the Youth Services Grant remains to encourage and support youth to stay in or return to their regions, thereby balancing the demographic spread and ensuring sustainable community growth. Through strategic planning and execution, this grant ensures commitments to robust economic development while simultaneously empowering individuals to achieve their entrepreneurial dreams and career aspirations. It plays a crucial role in propelling a future-forward Quebec that values innovation, community engagement, and economic inclusivity through its youth.
