Futurpreneur Canada Newcomer Program

• Completed business plan
• Financial forecasts for the next two years and a month-by-month breakdown
• Government ID (passport or driver's license)
• Social insurance number (SIN) that does not begin with 9
• Two character-based references, including one from a Canadian citizen

Who is eligible?

• Newcomers to Canada aged 18 to 39
• Canadian citizens or permanent residents
• Applicants whose company is in the pre-startup or startup stage

Who is not eligible

• Applicants aged 40 or older unless the full application is completed before their 40th birthday
• Independent contractors or agents working for another existing company

Eligible expenses

• Business planning tools and support
• Mentorship support
• Networking and entrepreneurial events
• Workshop and training resources

Ineligible Costs and Activities

• Paying off pre-existing debt
• Using the loan as a down payment for another loan

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.

For the Futurpreneur Startup Program in Canada, the selection criteria include factors like age, newcomer status, credit history, and documentation requirements. Applicants must meet eligibility criteria to qualify for financing, mentorship, and resources.

• Age requirement: Entrepreneurs must be between 18-39 years old.
• Newcomer status: Applicants must have lived in Canada for less than 60 months.
• Credit history: Limited or no established credit history in Canada is necessary.
• Documentation: Participants must have the required documentation, including a social insurance number and character-based references.

• Step 1: Register on the Futurpreneur website
• Step 2: Confirm your email address
• Step 3: Complete the online form and upload the required documents
• Step 4: Wait for the file review and follow-up from the analyst

• Applications are reviewed after all required documents are uploaded.
• The analyst in charge of the file contacts the applicant after review.
• Applicants are advised of the next steps after the review.

• Mentorship is required with financing.
• You may request help finalizing your business plan.
• The loan can be combined with other financing.