Open
Last Update: May 21, 2026
Funding available
$ 5,000 - $ 60,000
Timeline
- Open continuously
Location
Canada
Overview
Futurpreneur offers up to $75,000 in startup financing to help young entrepreneurs in Canada launch, buy, or grow a business with mentorship and resources. Eligible options include startup, side hustle, Indigenous, Black, newcomer, and non-profit offerings, as well as support for business acquisition.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
- Start a business
- Renovate or expand facilities
Eligible Funding
- Maximum amount : 60,000 $
- Minimum amount : 5,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Non-profit
- Sole proprietorship
- Public or Parapublic institution
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Newcomers to Canada
- Black Canadians
- Canadians
- Youth (<40)
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
- Employment and Training
- Business Associations
- Not Elsewhere Classified
- Children and Youth Organizations
- Diversity and Inclusion
Target groups
- Young adults
- Indigenous peoples
- New immigrants & refugees
- Business owners / entrepreneurs
- Nonprofits / charities
- Academia / students
- Minority groups
Revenue structures
- All structures
Scope
- National
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Launching a new business by young entrepreneurs.
- Starting or growing a part-time business (side hustle).
- Acquiring an existing small business.
- Launching or growing a non-profit organization.
- Business creation and development for Black, Indigenous, newcomer, and student entrepreneurs.
Documents Needed
- Draft business plan
- Cash flow statement
- Final business plan
- Business registration
- Government-issued ID
Eligibility
Who is eligible?
- Young entrepreneurs aged 18 to 39.
- Entrepreneurs residing in Canada.
- Canadian citizens or permanent residents.
- Black entrepreneurs.
- Indigenous entrepreneurs.
- Newcomer entrepreneurs.
- Students in their final year of studies.
- Non-profit founders.
Who is not eligible
Yes, there are specific types of companies that are not eligible for this grant:
- Companies with founders above the age of 39
- Companies with founders who are not citizens or permanent residents of Canada
Ineligible Costs and Activities
- Loan proceeds cannot be used to refinance existing debt.
Eligible geographic areas
- Canada
Processing and Agreement
- Credit and business plan are reviewed for eligibility.
- The application is reviewed and, if successful, financing is approved.
- The applicant is matched with a Futurpreneur mentor.
- The applicant completes orientation and approval conditions before receiving financing.
Additional information
- Mentorship is provided for up to two years alongside financing.
- Free workshops are available both virtually and in-person, covering business ideation, planning, and cash flow.
- Opportunities exist to join a network of other entrepreneurs and mentors through events and workshops.
- Specialized support is available for Black, Indigenous, newcomer, and student entrepreneurs, as well as those interested in non-profits and side hustles.
Frequently Asked Questions about the Futurpreneur Program
What is the Futurpreneur?
Futurpreneur offers up to $75,000 in startup financing to help young entrepreneurs in Canada launch, buy, or grow a business with mentorship and resources. Eligible options include startup, side hustle, Indigenous, Black, newcomer, and non-profit offerings, as well as support for business acquisition.
How much funding can be received?
Futurpreneur Funds up to $60,000 of admissible expenses.
Who is eligible for the Futurpreneur program?
To be eligible for the Futurpreneur program, you must:
Entrepreneurs must be aged 18-39
Applicants must be Canadian citizens or permanent residents
Business must be located in Canada
What expenses are eligible under Futurpreneur?
Launching a new business by young entrepreneurs.
Starting or growing a part-time business (side hustle).
Acquiring an existing small business.
Launching or growing a non-profit organization.
Business creation and development for Black, Indigenous, newcomer, and student entrepreneurs.
Where is the Futurpreneur available?
The Futurpreneur program is available across Canada.
Is the Futurpreneur a grant, loan, or tax credit?
Futurpreneur is a Loans and Capital investments
Who are the financial supporters of the Futurpreneur?
Futurpreneur is funded by Futurpreneur Canada