Young Promoters
Two sub-programs are devoted to pre-start-up and start-up businesses in downtown Montreal, offering non-refundable grants to entrepreneurs under the age of 35.
Entrepreneurs should have experience or training in their business project’s field, and should work full time for their company.
Young Promoters: Start-up
The SDEVM (CLD) may grant from $6 000 up to $10 000 per entrepreneur and a maximum of $20 000 per project.
Financial Contribution
The grant should be devoted to:
1- Either the creation of a first or second business by the entrepreneur:
- Capital expenditures (long-term assets, equipment, etc.)
- Technology acquisitions (patents, software, etc.)
- Working capital needs forecasted for the first year of operation.
2. Or the acquisition of a company.
Young Promoters: Training
The SDEVM (CLD) may grant $1000 per entrepreneur to pay for training to an entrepreneur who benefits from a Young Promoters grant. Training should be relevant to the business project.
Fees covered:
- Registration costs
- Educational materials
- Other justified expenses.
CONDITIONS: Personally invest from $6000 to $10 000. Also, the company should be based in the SDEVM’s (CLD) territory for at least 2 years.
NOTE: For businesses located on the SDEVM territory, Young Promoters program could also be offered through SAJE Montreal-Metro.
Check your eligibility: