Futurpreneur Canada

Futurpreneur

Canada
Futurpreneur Canada makes it easier for aspiring young business owners to secure financing. And they have partnered with the Business Development Bank of Canada (BDC) to extend their support even further.
grant_single_labels|summary
grant_single_labels|preview
grant_single_labels|projects
grant_single_labels|admissibility
grant_single_labels|criteria
grant_single_labels|register

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|projects

There are eligible projects for this grant:
  • Launching a new side business while maintaining current employment or home responsibilities
  • Acquiring an existing business or learning about entrepreneurship through acquisition
grant_single|admissibleProjectsExample

$20,000

Toronto
Launching a mobile coffee cart while maintaining current employment

$20,000

Calgary
Launching an eco-friendly cleaning service while managing home responsibilities

$20,000

Halifax
Launching an online artisanal jewelry store while maintaining a day job

$45,000

Vancouver
Acquiring a small bookstore to expand inventory and services

$20,000

Ottawa
Starting a graphic design studio while studying full-time

$20,000

Montreal
Expanding a home-based artisan bakery to a retail location

grant_single_labels|admissibility

Futurpreneur recognizes that every entrepreneur’s journey takes a different path. To be eligible for Futurpreneur's programs, entrepreneurs must be residents of Canada aged 18-39 who are citizens or permanent residents of Canada.
  • Must be a resident of Canada aged 18-39
  • Must be a citizen or permanent resident of Canada

grant_eligibility_criteria|who_can_apply

Yes, there are eligible types of companies for this grant. Futurpreneur supports entrepreneurs residing in Canada, ages 18-39, who are citizens or permanent residents of Canada.
  • Entrepreneurs with a business idea and need help getting started
  • Black entrepreneurs seeking support to launch their business
  • Indigenous entrepreneurs looking for help to launch their business
  • Entrepreneurs with a passion or part-time business idea to turn into a side hustle
  • Individuals interested in buying an existing business or learning about entrepreneurship through acquisition
  • Newcomer entrepreneurs needing assistance to launch their business

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

Eligible expenses for this grant may include:
  • Business startup costs
  • Marketing and advertising expenses
  • Professional fees (legal, accounting)
  • Equipment and supplies
  • Salaries and wages

grant_eligibility_criteria|zone

The eligible geographic zones for this grant are all provinces and territories in Canada.
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Northwest Territories
  • Nova Scotia
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant.
  • Application review to ensure eligibility
  • Submission of supporting documents such as business plan and ID
  • Final review of complete business plan and cash flow
  • Approval of financing and mentor matching
  • Completion of conditions and orientation
  • Access to networking events and resources

grant_single_labels|register

  • Step 1: Reach out to register for one of our offerings.
  • Content: Contact Futurpreneur to express interest in their offerings.
  • Step 2: Tell us about you and your business.
  • Content: Provide details about yourself and your business to ensure alignment with Futurpreneur's eligibility criteria.
  • Step 3: Share your DRAFT business plan and cash flow.
  • Content: Submit an initial business plan and cash flow statement. If unavailable, Futurpreneur can assist in getting started.
  • Step 4: Review of credit and business plan.
  • Content: Futurpreneur checks to ensure credit and the business plan meet their eligibility standards.
  • Step 5: Share supporting documents.
  • Content: Provide necessary documents such as final business plan, cash flow statement, business registration, and ID.
  • Step 6: Share your COMPLETE business plan and cash flow.
  • Content: Submit the finalized business plan and cash flow details for assessment.
  • Step 7: Application review and financing approval.
  • Content: Futurpreneur reviews the application, and upon meeting conditions, financing is approved.
  • Step 8: Meet your mentor and complete orientation.
  • Content: Engage with your assigned mentor and undergo orientation sessions.
  • Step 9: Completion of conditions of approval.
  • Content: Fulfill all necessary conditions for financing disbursement.
  • Step 10: Financing approval and mentor support.
  • Content: Receive financing and ongoing guidance from your mentor up to the business launch.
  • Step 11: Resources for business launch and growth.
  • Content: Access resources to aid in the launch and subsequent growth of your business.
Apply to this program