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Young Entrepreneurs Program
Association des Centres locaux de développement du Québec
Last Verified:
2007-02-06
This document was prepared with the information on the Association des Centre locaux de développement du Québec’s Web site.
The Young Entrepreneurs program aims to help young entrepreneurs create a first company by offering them financial support.
Eligibility Criteria
The candidate must:
- Be a Canadian citizen or landed immigrant and be a permanent resident of Quebec
- Be between 18 and 35
- Have the necessary experience or training for the project
- Commit to working full time at the company
Eligible Activities
The financial assistance may be applied to one or more of the following components:
- Component 1 – Formulation of a business plan: carry out a feasibility study or other study preparatory to creating a business, as long as it is for a project considered eligible for this program.
- Component 2 – Creation of a first: creation of a first legally constituted company.
- Component 3 – Training of the entrepreneur: enable candidates obtaining financial assistance for the creation of a first company to acquire the necessary training to carry out their project.
Summary
Financial assistance takes the form of a grant for an amount determined by the local development centre (LDC).
- Component 1 – Formulation of a business plan: 75% of eligible expenses (professional fees)
- Component 2 – Creation of a first company: 50% of eligible expenses (capital expenditures such as land, building, equipment, acquisition of technologies, software, and rolling stock)
- Component 3 – Training of the entrepreneur: assistance may cover all eligible expenses (registration fees, cost of teaching material, and other related expenses).
A company-creation project must meet the following criteria:
- Be based on a business plan covering the first two years of operation, showing that the company has good prospects for viability and profitability
- Involve the creation of at least two permanent jobs or the equivalent in person/years within two years of the start of the project.
- Include fixed capital expenditures
- Be financed in part by an investment by the entrepreneur.
For more information, contact your local LCD or consult the Web site at http://66.36.242.105/acldq.qc.ca/francais/cld/jeunespromoteurs.php