Frequently asked questions

Frequently asked questions (FAQ)

Get all the answers to your questions regarding the submission of applications and the honorary scholarships.

What legal form of company can apply for the grant?
There is no limitation as to the legal form that a company must have. The only condition is to have registered the project with the Registrar of Companies of Quebec before the official award ceremony.

What are the mandatory status criteria?
To apply for the honorific grant, the entrepreneur (s) must be a Canadian citizen or permanent resident.

I applied to the honorific grant but I can not be present at the gala?
The presence of all finalists is mandatory at the gala. In case of force majeure, please appoint a representative.

Can the project be submitted year-round or only at a specific date?
Projects will only be accepted during the candidacy period which will be from September 1st to September 18th, 2019 at 5pm.

If one of the partners does not come from the ethnocultural diversity, can one still apply?
The rule that at least 50% shares/ ownership should be held by individuals belonging to the ethnocultural diversity should be respected.

Is the amount of the honorific grant flexible?
No, this is a fixed non-refundable financial contribution of $ 25,000.

If we do not have a business plan, can we still apply?
The submission of applications is done online, a business plan will help you to fullfil.

What are the documents required for the submission of the project?
Proof of status (Permanent Residence or Citizenship), executive summary of 3 pages maximum, projections and / or financial statements, filling the online form.

I have already applied for the scholarship but I have not been selected, can I reapply?
Yes, with updated documents.

Am I eligible if I am over 35 years old?
Yes, there is no age limit, the honorific grant is open to any entrepreneur aged 18 and over.

Is there a particular business sector for the honorific grant?
No, honorific grants are open to all sectors of activity except for projects of a sexual, political or religious nature, projects related to illicit or recreational drugs, bar or night club projects.

Can I deposit my project in pre-start, start-up or growth phase?
All phases of entrepreneurial development are accepted from the moment the eligibility conditions are met.