Funding
The following links provide information on where to obtain financing for your business:
SAJE Montréal Centre (Service d’aide aux jeunes entrepreneurs)
- Grants of up to $5,000 (for market/feasibility study), up to $6,000 per entrepreneur (maximum of 2 per business - for start-up), and up to $1,000 (for training)
- Available only to individuals aged 18-35
Fondation du maire
- Grants between $5,000 and $30,000
- Available only to individuals aged 18-35
Youth Employment Services (YES)
- Grants of $1,000
- Loans of up to $45,000
- Services provided in English only
- Available only to individuals aged 18-34
Support for Self-Employment (Ministère de l’Emploi et de la Solidarité sociale)
- Supplement of $360/bi-weekly for up to 52 weeks
- Eligibility: must be receiving EI (employment insurance) and have no or limited income
- No age restrictions
Hebrew Free Loan Association of Montreal
- Loan of up to $15,000 for start-up or $8,500 for existing business (no interest)
- No age restrictions
Société d’Investissement Jeunesse (SIJ)
- Provides loan guarantee of up to $75,000 per entrepreneur and up to $225,000 per business
- Available only to individuals aged 18-35
Corporation de développement économique communautaire (CDEC Côte-des-Neiges/Notre-Dame-de-Grâce)
- Offers four different types of loans ranging from $1,000 to $150,000
- No age restrictions
Canada Small Business Financing Program
- Loans of up to $500,000
- Apply directly to a participating financial institution
- No age restrictions
Business Development Bank of Canada (BDC)
- Loan amounts varies in accordance with purpose of loan and type of business
- No age restrictions (however, Young Entrepreneur program available to individuals aged 19-35)
Centre for Small Business Financing
- Lists government grants and loans available to entrepreneurs, specific to industry
Fundica
- Lists all grants, loans, equity financing, and tax credits available to entrepreneurs, specific to industry
Investissement Québec
- Provides loans, loan guarantees, and quasi-equity financing, specific to industry
Resources
The following links are key resources for entrepreneurs (research and development, statistics, self-employment, etc.):
Info entrepreneurs
Info entrepreneurs is a leader in the delivery of quality strategic information on government programs and services directed to the business community. Info entrepreneurs constitutes a privileged source of commercial information, thus contributing to the economic growth of small and medium-sized enterprises (SMEs).
Business Development Bank of Canada (BDC)
BDC’s mission is to help create and develop Canadian businesses through financing, venture capital and consulting services, with a focus on small and medium-sized enterprises (SMEs).
Industry Canada
www.ic.gc.ca/eic/site/ic1.nsf/eng/home
Industry Canada’s mission is to foster a growing, competitive, knowledge-based Canadian economy. The Department works with Canadians throughout the economy and in all parts of the country to improve conditions for investment, improve Canada's innovation performance, increase Canada's share of global trade, and build a fair, efficient and competitive marketplace.
Canada Economic Development for Quebec Regions
www.dec-ced.gc.ca/eng/index.html
The Economic Development Agency of Canada for the Regions of Quebec provides assistance to enterprises, communities and the organizations that support them through its network of 14 business offices located throughout the province.
The NRC is the Government of Canada's premier organization for research and development.
FDE promotes the development of an entrepreneurial culture as a means of ensuring economic and social development in the province of Quebec.
Centre de recherche industrielle du Québec (CRIQ)
www.criq.qc.ca/en/0100_enaff/p0101_coeur.html
CRIQ is a leading source of innovation and expertise in the areas of manufacturing technologies, the environment, industrial information and standardization.
Investissement Québec
Investissement Québec offers a team of specialists that can help you acquire sound industry intelligence, forge productive strategic alliances with local and international partners, find the ideal site that suits your exact needs, and benefit from competitive fiscal incentives.
Ministère du Développement économique, de l’Innovation et de l’Exportation (MDEIE)
www.mdeie.gouv.qc.ca/ministere/english/about-us/
The Ministère du Développement économique, de l’Innovation et de l’Exportation supports economic development, innovation and export trade, as well as research, particularly by encouraging coordinated and concerted action among the various players in the economic, scientific, social and cultural areas in order to promote job creation, economic prosperity, scientific development and sustainable development.
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