Futurpreneur Canada Newcomer Program Canada

Futurpreneur Canada Newcomer Program

Canada
Loan for young immigrant entrepreneurs
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grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Expert Advice
Other Support
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Futurpreneur Canada
grant_single|status
grant_card_status|open

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Get a loan of up to $12,500 to start a business in Canada, without having an established credit history.

grant_single_labels|projects

There are several projects and activities eligible for the Futurpreneur Startup Program for newcomers in Canada:
  • Starting a new business venture
  • Expanding an existing business
  • Developing a business plan
  • Enhancing entrepreneurial skills
  • Participating in mentorship programs
grant_single|admissibleProjectsExample

$12,500

Toronto
Establishing an eco-friendly cleaning service business

$12,500

Montreal
Launching a social enterprise for at-risk youth

$12,500

Vancouver
Opening an autonomous bakery specializing in gluten-free products

$12,500

Ottawa
Creating an online platform to connect freelance graphic designers

$12,500

Calgary
Starting a microbrewery focusing on unique local flavors

$12,500

Halifax
Expanding a community-supported agriculture (CSA) initiative

grant_single_labels|admissibility

The eligibility criteria for this grant are:
  • You have lived in Canada for less than 60 months
  • You must be a Canadian citizen or permanent resident
  • You must have limited or no established credit history
  • You must have the required documentation

grant_eligibility_criteria|who_can_apply

Eligible companies for the Futurpreneur Startup Program are new businesses led by entrepreneurs who are new to Canada, between the ages of 18-39, with limited or no established credit history. These companies must have lived in Canada for less than 60 months and meet all required documentation criteria.
  • New startups led by entrepreneurs between the ages of 18-39
  • Companies with limited or no established credit history in Canada
  • Businesses where founders have been living in Canada for less than 60 months
  • Canadian citizens or permanent residents establishing a new venture

grant_eligibility_criteria|who_cannot_apply

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

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:
  • Startup business expenses (e.g., equipment, inventory)
  • Marketing and advertising costs
  • Operational expenses like rent and utilities
  • Salaries for employees

grant_single_labels|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.

grant_single_labels|register

  • Step 1: Check Eligibility
    • Ensure you have lived in Canada for less than 60 months from the application processing date.
    • Verify that you are a Canadian citizen or permanent resident.
    • Confirm that you have limited or no established credit history in Canada.
    • Have the required documentation including a valid social insurance number (SIN).
  • Step 2: Prepare Application
    • Gather necessary documentation such as business plan, financial statements, and personal information.
    • Complete the application form accurately.
    • Ensure all information provided aligns with the eligibility criteria.
  • Step 3: Submit Application
    • Submit the completed application form along with all required documentation.
    • Wait for the review process to assess your application.
    • Be prepared for potential follow-up questions or requests for additional information.
Apply to this program