Youth Strategy
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
- Improve employee retention
- Develop employee 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)
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
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.
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.
Selection 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.
How to apply
Find your SADC or CAE
- Visit the SADCs and CAEs website to locate the nearest local entity to you.
- Contact them to obtain information specific to your region.
Preparation of the request
- Prepare a detailed business plan showing your entrepreneurial project.
- Gather all required documents, including financial forecasts and proof of your entrepreneur status.
Initial consultation
Submission of the request
- Fill out the application form provided by the SADC or the CAE.
- Send the application by the means indicated by the SADC or the CAE, whether by email or postal mail.
Waiting for the decision
- Receive a response regarding the acceptance or refusal of the request.
- If the request is accepted, work with your advisor to finalize the terms of the loan.
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.
