Youth Strategy

This grant offers financial support to young entrepreneurs in Quebec through accessible loan options, aimed at boosting youth entrepreneurship and regional economic development. The financing modalities include advantageous terms providing flexibility and support for new businesses.

• A personal loan of up to $25,000 per entrepreneur.
• Funding available for up to two young entrepreneurs per business, allowing a total potential funding of $50,000 for the same project.
• An interest holiday is offered, along with the possibility of a capital holiday for up to two years.

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?

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.

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.

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.