Open
Source verified July 31, 2026
Futurpreneur Canada Newcomer Program
Startup financing and mentorship for newcomers
Funding available
$ 5,000 - $ 25,000
Deadline
Open continuously
Location
Canada
Overview
Futurpreneur’s Core entrepreneur startup program for newcomers offers startup loan financing and up to two years of mentorship for newcomers to Canada aged 18 to 39. It also provides business planning tools, cash flow support, workshop series, and networking opportunities to help startups get off the ground.
/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
- Start a business
Eligible Funding
- Maximum amount : 25,000 $
- Minimum amount : 5,000 $
Funds Providers
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
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Starting a new business in Canada
- Preparing a business plan and cash flow
- Receiving mentorship for up to two years
- Accessing business resources and networking events
Documents Needed
- 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
Official resources
Eligibility
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 who are 40 years of age or older, unless the full application is completed before their 40th birthday
- Applicants whose permanent residence application is still pending
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
- Canada
Selection criteria
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.
How to apply
- Go to https://www.futurpreneur.ca/en/ and register as a new entrepreneur by clicking > register/login > application portal > register as an entrepreneur
- Confirm your email address by using the automatic email you receive
- Fill out the form and upload the required documents
- Wait for the analyst in charge of your file to contact you and advise you of the next steps
Processing and Agreement
- 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.
Additional information
- Mentorship is required with financing.
- You may request help finalizing your business plan.
- The loan can be combined with other financing.
Contacts
Frequently Asked Questions about the Futurpreneur Canada Newcomer Program Program
What is the Futurpreneur Canada Newcomer Program?
Futurpreneur’s Core entrepreneur startup program for newcomers offers startup loan financing and up to two years of mentorship for newcomers to Canada aged 18 to 39. It also provides business planning tools, cash flow support, workshop series, and networking opportunities to help startups get off the ground.
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:
Newcomers to Canada aged 18 to 39
Canadian citizens or permanent residents who have lived in Canada for less than 60 months
Businesses in the pre-startup or startup stage with limited or no established credit history in Canada
What expenses are eligible under Futurpreneur Canada Newcomer Program?
Starting a new business in Canada
Preparing a business plan and cash flow
Receiving mentorship for up to two years
Accessing business resources and networking events
Who can I contact for more information about the Futurpreneur Canada Newcomer Program?
You can contact Futurpreneur Canada by email at info@futurpreneur.ca or by phone at 1-800-464-2923.
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 Loans and Capital investments