How much funding can be received?

Funds up to 60000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Futurpreneur?

Futurpreneur is funded by Futurpreneur Canada

What are Futurpreneur's eligibility criterias?

Entrepreneurs must be aged 18-39 Applicants must be Canadian citizens or permanent residents Business must be located in Canada

Futurpreneur

Last Update: June 14, 2025

Canada

Futurpreneur assists young entrepreneurs with resources and mentorship

Futurpreneur at a glance

Eligible Funding

From $5,000 to $60,000

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Futurpreneur Canada

Status

Open

Overview of the Futurpreneur program

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).

Eligible projects & activities

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

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

Eligibility criteria of the Futurpreneur program

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

Eligibility criteria of the Futurpreneur program

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 to the Futurpreneur program

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.

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.

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.

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.

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.

Orientation and Mentorship

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

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.