Fonds ADM / 375 idees

Overview of the Fonds ADM / 375 idees program:

Supporting 375 entrepreneurs leading up to the 400th anniversary of the city is a symbolic gesture that aligns the historic significance of Montreal with its forward-looking ambitions. It's also a way of embedding the entrepreneurial spirit into the city's celebrations and future.

Benefits of the Fonds ADM / 375 idees program:

• $7,500 loan
• The advantageous interest rate of 2%
• Interest and principal repayment holiday during the first 6 months
• Refundable in 2 years (in 24 monthly instalments following the repayment holiday)

Eligibility criteria of the Fonds ADM / 375 idees program:

• Be majority-owned by a majority of shareholders between the ages of 18 and 40 and a majority of Canadian citizens, permanent residents, or hold a Quebec selection certificate (CSQ)
• Its head office is located in the City of Montreal territory
• Have reached 100% of its crowdfunding campaign for a minimum amount of $3,750 on the Quebec platform La Ruche since January 1, 2017
• Be in the pre-start phase (viable project), start-up, or growth for less than 2 years
• Present an executive summary of the business plan (2-3 pages) which demonstrates a high potential for viability and profitability