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Futurpreneur Canada Side Hustle - Canada
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Futurpreneur Canada Side Hustle

Loan for young professionals to develop a side business
Futurpreneur Canada
Last Update: March 4, 2026
Funding available
$ 15,000
Timeline
  • Open continuously
Location
Canada

Overview

If you're a young professional (18 to 39 years old) with a full-time job, you can get up to $15,000 and mentoring to launch or grow a side business.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 15,000 $
  • Up to 3% of project cost
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Canada
Legal structures
  • For-profit business
  • Sole proprietorship
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Canadians
  • Youth (<40)
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The Futurpreneur Canada Side Hustle Program is designed to assist young Canadian entrepreneurs in launching or growing their side businesses while maintaining full-time employment. The eligible activities focus on providing financial support, mentorship, and business development resources to burgeoning entrepreneurs.

  • Provision of financial loans up to $15,000 for startup businesses.
  • Access to two years of free mentorship tailored to individual business needs.
  • Facilitation of networking opportunities through a Canada-wide network of entrepreneurs.
  • Availability of business planning tools and resources, including the 'Rock My Business' workshop series.

Eligibility

Who is eligible?

The Futurpreneur Side Hustle Program is designed for young Canadians who maintain full-time employment while looking to support their side businesses. To apply, you need to meet the following criteria:
  • Be a Canadian citizen or permanent resident of Canada.
  • Reside physically within Canada.
  • Be between the ages of 18 and 39 at the time of application.
  • Have a full-time income outside of your side business, as the side business must remain a secondary source of income for the next 12 months.

Who is not eligible

Some types of companies may not be eligible for the Futurpreneur grant:

  • Companies not run by Canadian citizens or permanent residents of Canada.
  • Companies with owners outside the age range of 18-39.
  • Companies where the side business is not a secondary source of income.

Eligible expenses

This grant supports individuals who are looking to start or grow their side businesses while maintaining full-time employment. Eligible activities focus on providing access to financing, mentorship, and resources essential for business development and growth.

  • Launch or expansion of a side business.
  • Participation in a mentorship program for business guidance and support.
  • Utilization of business planning tools offered by Futurpreneur.
  • Engagement in networking opportunities through a Canada-wide entrepreneur network.

Eligible geographic areas

This grant is available to Canadian citizens or permanent residents who physically reside in Canada, reflecting national eligibility criteria. This broad eligibility ensures that entrepreneurs from any region within Canada can apply.

  • All provinces and territories in Canada.

Additional information

Here are additional relevant details for this grant:

  • The mentorship is mandatory and provided as part of the loan package; it is not available separately.
  • Access to networking opportunities through a Canada-wide network of entrepreneurs is included.
  • Interest-only payments are available for the first year.
  • There is no penalty for early repayment of the loan.
  • A one-time loan management fee of 1% is charged at the time of disbursement.
  • The interest rate is CIBC's prime rate plus 3%, with a cap under certain conditions.
  • Free resources are available, such as the "Rock My Business" workshop series, to aid in business planning and development.

Frequently Asked Questions about the Futurpreneur Canada Side Hustle Program

Here are answers to the most common questions about the Futurpreneur Canada Side Hustle. 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 Side Hustle?

If you're a young professional (18 to 39 years old) with a full-time job, you can get up to $15,000 and mentoring to launch or grow a side business.

How much funding can be received?

Futurpreneur Canada Side Hustle Funds up to 3% of admissible expenses, capped at $15,000 per project.

Who is eligible for the Futurpreneur Canada Side Hustle program?

To be eligible for the Futurpreneur Canada Side Hustle program, you must: The applicant must be a Canadian citizen or permanent resident and physically reside in Canada. The applicant must be between the ages of 18-39 at the time of application. The applicant must have a full-time income outside of their side business for the next 12 months.

What expenses are eligible under Futurpreneur Canada Side Hustle?

The Futurpreneur Canada Side Hustle Program is designed to assist young Canadian entrepreneurs in launching or growing their side businesses while maintaining full-time employment. The eligible activities focus on providing financial support, mentorship, and business development resources to burgeoning entrepreneurs. Provision of financial loans up to $15,000 for startup businesses. Access to two years of free mentorship tailored to individual business needs. Facilitation of networking opportunities through a Canada-wide network of entrepreneurs. Availability of business planning tools and resources, including the 'Rock My Business' workshop series.

Where is the Futurpreneur Canada Side Hustle available?

The Futurpreneur Canada Side Hustle program is available across Canada.

Is the Futurpreneur Canada Side Hustle a grant, loan, or tax credit?

Futurpreneur Canada Side Hustle is a Partnering and Collaboration

Who are the financial supporters of the Futurpreneur Canada Side Hustle?

Futurpreneur Canada Side Hustle is funded by Futurpreneur Canada

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