
- Open continuously
Overview
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.
At a glance
Funding available
- Attract or retain talent
- Develop workforce skills
- Maximum amount : 50,000 $
- Open continuously
Eligible candidates
- All industries
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Youth (<40)
Next Steps
Activities funded
The Youth Strategy program focuses on stimulating entrepreneurship among young people in Quebec. It offers financial assistance and support to help young individuals start or acquire businesses, encouraging regional retention and economic development.
- Providing financial assistance in the form of personal loans up to $25,000 per entrepreneur.
- Offering the possibility of financing two young entrepreneurs per business project, up to $50,000.
- Facilitating an interest and capital holiday for up to 2 years for young entrepreneurs.
Eligibility
Who is eligible?
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.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.
Eligible geographic areas
This grant is specifically available to young entrepreneurs aged 39 and under in certain regions. The SADC and CAE network deploys the Youth Strategy program in Quebec.
- Regions of Quebec covered by SADC and CAE.
Additional information
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.