TARGET AUDIENCE
- Entrepreneurs aged 18 to 40
- Innovative technology companies
- Based in Quebec
➔ MAIN OBJECTIVE :
The S.I.J. program is a two-part program designed to provide entrepreneurs with the financial support that they need to launch their startup or acquire a business.
➔ THE TWO COMPONENTS OF THE PROGRAM:
1
FOUNDERS
- The eligible entrepreneur(s) must hold the majority (more than 50%) of the company’s ordinary shares, or hold them jointly with the other eligible entrepreneurs, if applicable;
- The company has been in operation for less than five years;
- The business term loan can range from $50,000 to $200,000;
- We request the presence of a mentor or advisory committee;
- Prepare a comprehensive Business Plan or PowerPoint presentation and assess the company’s financial needs;
- Submit the required documents, according to the program component that applies.
2
ACQUIRERS
- The eligible entrepreneur must hold the majority (more than 50%) of the company’s ordinary shares, or hold them jointly with the other eligible entrepreneurs, if applicable;
- The company must have been in operation for more than two years and demonstrate that it has successfully completed its start-up phase;
- The entrepreneur must submit his request for financial support to the S.I.J. before the transaction closes;
- Entrepreneurs are not eligible if they are already shareholders in the company in question;
- The business term loan can range from $50,000 to $200,000;
- We request the presence of a mentor or advisory committee;
- The S.I.J. limits its financial contribution to 45% of overall financial needs. Overall financial needs are defined here as the total purchase price of the ordinary shares and additional long-term funding required by the company.