Open
Last Update: March 3, 2026
Funding available
$ 25,000
Timeline
- Open continuously
Location
Canada
Overview
Get a loan of up to $12,500 to start a business in Canada, without having an established credit history.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Develop workforce skills
Eligible Funding
- Maximum amount : 25,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Newcomers to Canada
- Youth (<40)
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant offers support specifically to newcomers to Canada who are aspiring entrepreneurs. The eligible activities include securing startup financing and engaging in mentorship for business development.
- Securing a flexible startup business loan of up to $25,000.
- Receiving up to two years of personalized mentorship from an experienced business leader.
- Engaging in workshops and training programs designed to help develop a comprehensive business plan and cash flow strategy.
- Networking with a national community of entrepreneurs and business leaders through various entrepreneurial events.
Eligibility
Who is eligible?
Entrepreneurs who are newcomers to Canada and meet specific criteria can apply for the Futurpreneur Startup Program.Who is not eligible
Some types of companies may not be eligible for the Futurpreneur Startup Program in Canada:
- Companies where the applicant(s) have been in Canada for more than 60 months
- Businesses owned by individuals who are not Canadian citizens or permanent residents
- Companies with established credit history in Canada
Eligible expenses
The Futurpreneur Startup Program for newcomers to Canada offers several opportunities for entrepreneurial activities. These initiatives aim to support the establishment and growth of startup businesses launched by eligible newcomers.
- Development and execution of a comprehensive business plan.
- Participation in mentorship programs for up to two years with experienced business leaders.
- Engagement in networking events to connect with a national network of entrepreneurs and leaders.
- Access to business resources like workshops and planning tools to aid in startup growth.
Eligible geographic areas
This program is available for newcomers to Canada, with no specific geographical area restrictions mentioned within the country. As such, eligible applicants can apply from anywhere in Canada as long as they meet the general eligibility requirements.
- Available to newcomers across all provinces and territories in Canada.
Additional information
Here are additional relevant details for this grant:
- Mentorship cannot be accessed separately and requires participation in the financing program.
- The loan amount is split between Futurpreneur and BDC, with each providing up to $12,500.
- A one-time loan management fee of 1% of the total loan amount is applicable at disbursement.
- Interest-only payments are required for the first year, with principal repayments starting afterward.
- Eligible businesses must have a plan to start generating sales within a few months or have less than a year of significant sales.
Frequently Asked Questions about the Futurpreneur Canada Newcomer Program Program
Here are answers to the most common questions about the Futurpreneur Canada Newcomer Program. 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 Canada Newcomer Program?
Get a loan of up to $12,500 to start a business in Canada, without having an established credit history.
How much funding can be received?
Futurpreneur Canada Newcomer Program Funds up to $25,000 of admissible expenses.
Who is eligible for the Futurpreneur Canada Newcomer Program program?
To be eligible for the Futurpreneur Canada Newcomer Program program, you must:
Must have lived in Canada for less than 60 months.
Must be a Canadian citizen or permanent resident.
Must have limited or no established credit history in Canada.
What expenses are eligible under Futurpreneur Canada Newcomer Program?
This grant offers support specifically to newcomers to Canada who are aspiring entrepreneurs. The eligible activities include securing startup financing and engaging in mentorship for business development. Securing a flexible startup business loan of up to $25,000.
Receiving up to two years of personalized mentorship from an experienced business leader.
Engaging in workshops and training programs designed to help develop a comprehensive business plan and cash flow strategy.
Networking with a national community of entrepreneurs and business leaders through various entrepreneurial events.
Where is the Futurpreneur Canada Newcomer Program available?
The Futurpreneur Canada Newcomer Program program is available across Canada.
Is the Futurpreneur Canada Newcomer Program a grant, loan, or tax credit?
Futurpreneur Canada Newcomer Program is a Other Support
Who are the financial supporters of the Futurpreneur Canada Newcomer Program?
Futurpreneur Canada Newcomer Program is funded by Futurpreneur Canada
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