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Business creation

Eligibility
Categories
Evaluation Criteria
Applications
Prizes
Selection Rules
Raymond Chabot Grant Thornton Award for Success in Business
Eligibility

 

 

ELIGIBILE APPLICANTS

 

Any adult or group of adults 18 years of age or over, residing in Québec and holding Canadian citizenship or permanent resident status.

 

Eligible Projects

Business projects or businesses that did not take in any sales revenue* before April 1, 2007.

 

Projects designed to create a new business in Québec to be launched no later than December 31, 2008.
* "Sales revenue" refers to orders or contracts that have been obtained, are under way or have been completed, and for which payment may or may not have been received.

 

Also note the following requirements:

  • Projects that involve purchasing an existing business or taking over the operations of a business that is legally established but has been inactive for at least two years are eligible.

  • Projects that involve purchasing an existing business or taking over the operations of a business that is legally established and that ceased operations over the course of the previous 6 to 24 months are eligible if the new owner(s)engage(s)in activities that are markedly and obviously different from those the business carried out in the past.

  • Projects that involve starting a new business in an effort to continue or expand an existing business are not eligible.

  • Changing the legal status of a business (company name, partnership, stock ownership, other) is not a sufficient reason for the business to be regarded as new.

 

In certain cases, potential applicants involved in this type of project should discuss the matter with Contest officials.

 

IMPORTANT

  • One person or one group may submit one project only in the Business Creation division and be registered in one category only.

  • A business project by a student or group of students, 18 years of age or over and enrolled in an educational institution, may be entered in either the Student Entrepreneurship division or the Business Creation division. However, to be accepted in the Business Creation division, the business project must meet the eligibility requirements.

  • A Student Entrepreneurship project may not be entered simultaneously in the Business Creation division.

  • A Student Entrepreneurship project, whether or not it wins a prize, may be entered in a subsequent year in the Business Creation division, provided it meets the eligibility requirements.

  • A project entered in the Contest in previous years in the Business Creation division may be submitted again provided it did not win a regional or provincial prize.