Futurpreneur

• Draft business plan
• Cash flow statement
• Final business plan
• Business registration
• Government-issued ID

Who is eligible?

• Entrepreneurs residing in Canada.
• Canadian citizens or permanent residents.
• Entrepreneurs aged 18 to 39.
• Black entrepreneurs.
• Indigenous entrepreneurs.

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

The evaluation and selection criteria for projects under this grant are not explicitly stated in the given context and therefore cannot be accurately described.

• Step 1: Registration and Initial Contact
  • Reach out to Futurpreneur to register your interest in one of their offerings.
  • Provide details about yourself and your business to ensure you are matched with the most suitable program.
• Step 2: Business Plan and Cash Flow Preparation
  • Share your draft business plan and cash flow statements with Futurpreneur.
  • If you do not have these documents, access support and resources provided by Futurpreneur to help you get started.
• Step 3: Review of Credit and Business Plan
  • Futurpreneur reviews your credit information and business plan to ensure you meet their eligibility requirements.
• Step 4: Submission of Supporting Documents
  • Submit your final business plan and cash flow statement, along with business registration and ID.
• Step 5: Complete Business Plan Submission
  • Submit your complete business plan and cash flow documents for final review.
• Step 6: Application Review and Approval
  • Your application will be reviewed to ensure all conditions are met.
  • If successful, your financing will be approved, and you will be matched with a Futurpreneur mentor.
• Step 7: Orientation and Mentorship Introduction
  • Meet your mentor and complete the orientation process.
• Step 8: Fulfillment of Conditions and Financing Release
  • Once all approval conditions are fulfilled, you will receive your financing.
• Step 9: Ongoing Support and Networking
  • Access guidance from your mentor up to your business launch.
  • Participate in networking events and utilize resources to grow your business.

• 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.

• 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.