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Futurpreneur - Canada

Futurpreneur

Last Update: July 22, 2025
Canada
Futurpreneur assists young entrepreneurs with resources and mentorship

At a glance

Eligible Funding
  • From $5,000 to $60,000
Timeline
  • Unspecified
Financing Type
Loans and Capital investments
Eligible Industries
  • All industries
Funds Providers
Unspecified
Program status
Open

Overview

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.

Financing terms and conditions

  • Collateral-free loan financing of up to $20,000 per business provided by Futurpreneur.
  • Possibility of additional financing of up to $40,000 through the Business Development Bank of Canada (BDC).

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.
Examples of admissible projects:
$ 20,000
Launching an eco-friendly cleaning service while managing home responsibilities
$ 20,000
Launching a mobile coffee cart while maintaining current employment
$ 20,000
Expanding a home-based artisan bakery to a retail location
$ 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

Eligibility

  • The applicant must be an entrepreneur residing in Canada.
  • The applicant must be aged between 18 and 39 years old.
  • The applicant must be a Canadian citizen or permanent resident.
  • A draft or complete business plan and cash flow statement must be submitted for review.

Who is eligible?

  • Startups founded by young entrepreneurs (including side businesses)
  • Businesses founded by Black entrepreneurs
  • Businesses founded by Indigenous entrepreneurs
  • Businesses started by newcomer (immigrant) entrepreneurs
  • Non-profit organizations started by young 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

Eligible geographic areas

  • Entrepreneurs residing anywhere in Canada

Selection 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.

How to apply

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.
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.
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.
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.
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.
6

Orientation and Mentorship

  • Meet your mentor and complete the orientation process.
  • Finalize all conditions of approval to receive your financing.
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.

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.
Apply to this program

Frequently Asked Questions about the Futurpreneur Program

Here are answers to the most common questions about the Futurpreneur. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Futurpreneur?

How much funding can be received?

What is the deadline to apply?

Is the Futurpreneur a grant, loan, or tax credit?

Who are the financial supporters of the Futurpreneur?

Who is eligible for the Futurpreneur program?

Who can I contact for more information about the Futurpreneur?

Where is the Futurpreneur available?

Are youth (under 40) eligible for the Futurpreneur program?

Are Indigenous Peoples eligible for the Futurpreneur program?

Are Black Canadians eligible for the Futurpreneur program?

Apply to this program

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