Develop, represent, and promote the next generation of business professionals

Conditions of Admissibility

In order to receive a loan from the Fonds YUL / 375 idées, your project must meet certain conditions at the time the application is made.

Le projet d’affaires ou l’entreprise doit:

  • The project or business must:

    • Be majority owned by a majority of shareholders aged 18 to 40 years old who are either Canadian citizens, permanent residents or Certificat de sélection du Québec holders (CSQ);
    • Have its head-office located on the Island of Montreal (main address) ;
    • At the time of the loan agreement, have successfully completed (100%) their participative fundraising campaign for a minimum amount of $3,750 on the Quebec-based platform La Ruche (campaigns completed as of January 1, 2017 are accepted);
      • The business project submitted for the Fonds YUL / 375 idées must be the same as the one presented in the La Ruche’s crowdfunding campaign.
    • Be in either the pre-startup (viable project) or start-up phase, and for less than 2 years;

      • Is considered, a period of 2 years following the first sale for the product or service referred to in the crowdfunding campaign;
      • For the same period, the first sale of a new product or new service for the purpose of expanding a range of existing products and services. The crowdfunding campaign must be directly related to this new product or service.
      • Is considered, a legally constituted company at the time of disbursement of the loan (all legal forms are detailed here.
    • Present an executive summary of the business plan demonstrating the potential for viability and profitability.

Consultez la Politique d'investissement officielle du Fonds.

Excluded Applications:

  • The following projects are not admissible for the Fonds YUL / 375 idées and will be refused:

    • Projects of a sexual, religious or political nature;
    • Projects for bars or nightclubs;
    • Student projects, internships or university projects;
    • Research and development projects;
    • Projects that have been submitted for a second time;
    • Projects for which the entrepreneurs do not meet the eligibility requirements;
    • Projects for self-employed workers;
    • Incomplete applications.

Partenaires du fonds: