Futurpreneur
Canada
Futurpreneur assists young entrepreneurs with resources and mentorship
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Futurpreneur Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Futurpreneur Canada offer collateral-free loans at better interest rates than most banks. We’re able to finance up to $20,000 per business. If you need more money, BDC may provide up to $40,000.
grant_single_labels|terms_and_conditions
This grant offers comprehensive financing options designed to support young entrepreneurs in their business journey by offering startup loans alongside mentorship resources to ensure sustainable business growth.
- Provision of startup financing through repayable loans tailored to the entrepreneur's needs.
- Combination of monetary support with mentoring from expert business mentors for up to two years.
- Access to additional resources such as business planning tools and networking opportunities to facilitate business management and growth.
- Specific programs catering to different entrepreneur groups, including Indigenous and Black entrepreneurs, offering targeted support and mentorship.
- Support for entrepreneurial pursuits ranging from new business startups, side hustles, to entrepreneurship through acquisition.
grant_single_labels|projects
The Futurpreneur grant offers support and resources for young entrepreneurs in Canada to launch and grow their businesses. It provides various programs catering to different needs and backgrounds, focusing on financing, mentorship, and entrepreneurship education.
- General entrepreneurial finance and mentorship for businesses at the startup phase.
- Targeted support for Black entrepreneurs through the Black Entrepreneur Startup Program.
- Dedicated resources for Indigenous entrepreneurs via the Indigenous Entrepreneur Startup Program.
- Support for launching side businesses with their Side Hustle offering.
- Assistance in acquiring small businesses through the #OwnersWanted program.
- Workshops on business development and planning through the Rock My Business series.
- Resources for newcomer entrepreneurs to overcome initial business challenges.
- Opportunities for individuals to mentor young entrepreneurs.
- Special assistance programs for student entrepreneurs in their final year of studies.
- Support in launching non-profit organizations with suitable resources and guidance.
grant_single|admissibleProjectsExample
$ 20,000
Launching a mobile coffee cart while maintaining current employment
$ 20,000
Launching an eco-friendly cleaning service while managing home responsibilities
$ 20,000
Launching an online artisanal jewelry store while maintaining a day job
$ 45,000
Acquiring a small bookstore to expand inventory and services
$ 20,000
Starting a graphic design studio while studying full-time
$ 20,000
Expanding a home-based artisan bakery to a retail location
grant_single_labels|admissibility
Eligibility for Futurpreneur's program is determined by specific criteria related to the entrepreneur and their residency status in Canada.
- Applicants must be residing in Canada.
- Applicants must be between 18 and 39 years old.
- Applicants must be citizens or permanent residents of Canada.
grant_eligibility_criteria|who_can_apply
Entrepreneurs in Canada aged 18 to 39, who are either Canadian citizens or permanent residents, are eligible to apply for the various programs and offerings provided by Futurpreneur. Specific programs also target Black entrepreneurs, Indigenous entrepreneurs, newcomers to Canada, and those looking to start side hustles or acquire existing businesses. Additionally, students and those looking to start non-profit organizations are also catered to by Futurpreneur.
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|eligible_expenses
Futurpreneur offers a range of programs to support Canadian entrepreneurs in various stages of their business journey. These programs provide financial assistance, mentorship, and resources for business development.
- Resources and guidance for individuals interested in learning about entrepreneurship.
- Startup assistance including financing and mentorship for young entrepreneurs with a business idea.
- Specialized programs supporting Black and Indigenous entrepreneurs in their startup journey.
- Support for side hustles and part-time business ventures.
- Guidance on business acquisition for aspiring small business owners.
- Workshops for business development, including idea validation, planning, and financial management.
- Assistance and resources for newcomer entrepreneurs to overcome startup barriers.
- Opportunities for experienced individuals to mentor young entrepreneurs.
- Support for student entrepreneurs balancing academic and business pursuits.
- Resources for launching non-profit organizations, including funding and mentorship.
grant_eligibility_criteria|zone
This grant is available to entrepreneurs residing in Canada and is not limited to any specific geographical areas within the country. It supports young entrepreneurs across all Canadian provinces and territories.
- Entrepreneurs residing anywhere in Canada.
grant_single_labels|criteria
The evaluation and selection criteria for projects under this grant are not explicitly stated in the given context and therefore cannot be accurately described.
grant_single_labels|register
- Step 1: Initial Contact
- Sign up to connect with a dedicated team member to learn more about Futurpreneur’s loan with mentorship and resources.
- Provide your contact details to start the registration process.
- Step 2: Business and Personal Assessment
- Tell about yourself and your business intentions to ensure registration for the appropriate offering.
- Complete any necessary preliminary assessments as per the guidance received from the team.
- Step 3: Draft and Submission of Initial Documents
- Prepare a draft of your business plan and cash flow statement.
- If you don’t have these documents, utilize available resources to get started on drafting them.
- Step 4: Review and Submission of Supporting Documents
- Have your draft business plan and credit reviewed to determine eligibility.
- Submit supporting documents like your final business plan, cash flow statement, business registration, and ID.
- Submit your complete business plan and cash flow for final review.
- Step 5: Application Review and Approval
- Your application will be reviewed, and if it meets the required conditions, approval for financing will be granted.
- Once approved, you will be matched with a Futurpreneur mentor.
- Step 6: Orientation and Mentorship
- Meet your mentor and complete the orientation process.
- Finalize all conditions of approval to receive your financing.
- Step 7: Launch Support
- Your mentor will provide guidance up to the launch of your business.
- Access networking events and other resources to grow your business.
