Closed
Source change captured:
CBDC Young Millionaires Program
Youth entrepreneurship support in Prince Edward Island
Get notified when CBDC Young Millionaires Program reopens
Funding available
$ 200
Location
Prince Edward Island, Canada
Overview
The Young Millionaires Program supports youth entrepreneurship in Prince Edward Island with a non-repayable start-up grant of up to $150 for sole proprietorships and up to $200 for partnerships. It includes workshops, mentoring, business plan development, and an interview before acceptance into the program.
Receipt of requests is now closed
Get notified about updates to this grant.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Develop workforce skills
- Start a business
Eligible Funding
- Maximum amount : 200 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Prince Edward Island
Legal structures
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
Availability timeline
2026
Periods: 1
Activities funded
- Seasonal youth entrepreneurship training.
- Workshops on business fundamentals.
- Business idea and plan development.
- Mentoring and ongoing support for young entrepreneurs.
Sources and recorded changes
- Source change captured
- Change recorded
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
YMP registrations moved to 2027 waitlist
The YMP registrations page now says 2026 registrations are closed and directs applicants to the 2027 waitlist form.
The YMP Registrations page now states that registrations for 2026 are closed. Applicants are now directed to complete the form to be placed on the waitlist for Summer 2027. A separate About YMP page also shows a minor regional partner name correction, changing the Eastern PEI delivery partner reference to Central Development Corporation – Eastern PEI.
Eligibility
Who is eligible?
- Youth entrepreneurs aged 9 to 16.
- Applicants in Prince Edward Island.
- Sole proprietors and partnerships.
Who is not eligible
This program does not specify any particular industries or types of companies that are excluded from applying. However, it is inherently restricted to individual young entrepreneurs between the ages of 9 and 16, rather than registered companies or established industries.
Eligible expenses
- Start-up costs for launching a business.
- Business expenses only.
Eligible geographic areas
- Prince Edward Island.
- Central PEI.
- Eastern PEI.
- Western PEI.
- Charlottetown Area.
- Francophone PEI.
Selection criteria
- Completion of regional workshops.
- Business idea.
- Business plan.
- Support.
- Enthusiasm.
How to apply
- Step 1: Register online
- Go to the Student Registrations page.
- Select the correct region where you live.
- Step 2: Submit the application
- Complete and submit the registration form online.
- Step 3: Wait for review
- Your regional coordinator will review the application.
- If approved, you will receive a welcome email with next steps.
- Step 4: Complete program requirements
- Attend all workshops.
- Prepare a simple business plan.
- Attend an interview.
Processing and Agreement
- Applications are reviewed by the regional coordinator.
- Approved applicants receive a welcome email with next steps.
- Funding is not automatic after approval.
- Workshops, a simple business plan, and an interview are required before funding.
Additional information
- The program has existed since 1991.
- It is funded through the Atlantic Canada Opportunities Agency's Business Development Program and Innovation PEI.
Contacts
Frequently Asked Questions about the CBDC Young Millionaires Program Program
What is the CBDC Young Millionaires Program?
The Young Millionaires Program supports youth entrepreneurship in Prince Edward Island with a non-repayable start-up grant of up to $150 for sole proprietorships and up to $200 for partnerships. It includes workshops, mentoring, business plan development, and an interview before acceptance into the program.
How much funding can be received?
CBDC Young Millionaires Program Funds up to $200 of admissible expenses.
Who is eligible for the CBDC Young Millionaires Program program?
To be eligible for the CBDC Young Millionaires Program program, you must:
Youth aged 9 to 16
Workshops and business plan
Interview required
What expenses are eligible under CBDC Young Millionaires Program?
Start-up costs for launching a business.
Business expenses only.
Who can I contact for more information about the CBDC Young Millionaires Program?
You can contact Community Business Development Corporations (CBDC) by email at ymp@centralpei.ca or by phone at 902-887-3400.
Where is the CBDC Young Millionaires Program available?
The CBDC Young Millionaires Program program is available the province of Prince Edward Island.
Is the CBDC Young Millionaires Program a grant, loan, or tax credit?
CBDC Young Millionaires Program is a Grant and Funding