Fonds de Soutien à l’entrepreneuriat (FSE)

The aim of the Fonds de Soutien à l’entrepreneuriat (FSE) (entrepreneurship support fund) is to help entrepreneurs who wish to create or acquire a business in Vaudreuil-Soulanges. Financial assistance is in the form of a grant. The proponent must provide some of the capital to fund the project.

Entrepreneurs wishing to submit a proposal will receive technical support from the Développement (DEV) Vaudreuil-Soulanges team, starting from the business plan up to forecasting and loan applications.

The rules governing the FSE program are adopted by the DEV Board of Directors.

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Information

The applicant must meet all of the following conditions:

  • At least 18 years of age when the file is opened
  • A Canadian citizen or landed immigrant and a permanent resident of Québec
  • Demonstrate training or experience relevant to the project
  • Commit to working full-time in the company (i.e., cannot hold another full-time job)
  • Hold at least 50% of shares in the case of an incorporated business, or be an equal part owner if the business is registered (only one application per project can be submitted)
  • In the case of a new business, never have received a subsidy from a financial or other program of a development organization such as DEV, any CLD or MRC, or an equivalent organization

The evaluation committee uses the following selection criteria:

  • The proponent has demonstrated that the enterprise has the potential for medium- and long-term profitability and viability
  • The project is not in conflict with other enterprises offering similar goods or services in a saturated market
  • The business will be operating in a market where the competition is non-existent or non-dominant
  • The proponent has demonstrated the necessary knowledge, skills and experience in the field
  • The proponent has shown attractive market opportunities for the project
  • The project is useful, realistic and original, and offers job creation potential
  • The proponent has obtained all financing needed to start, expand or buy the company

Applications are accepted on an ongoing basis. However, the proponent must meet with a DEV team member and complete the following procedures:

  • Check eligibility of the proponent and the project
  • Come up with a business plan and two-year financial forecasts
  • Schedule a date for presentation to the evaluation committee
  • Present the project to the evaluation committee and answer their questions

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