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|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

Futurpreneur's support is tailored for entrepreneurs located across Canada. All eligible entrepreneurs must be citizens or permanent residents residing in any province or territory of Canada.
  • All provinces of Canada.
  • All territories of Canada.
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

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

The grant from Futurpreneur typically covers expenses related to starting and launching a business for eligible entrepreneurs.
  • Financing for initial business setup costs.
  • Access to expert business mentor services.
  • Resources for planning, managing, and growing the business.
  • Support for business plan and cash flow development.

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.

Apply to this program