Futurpreneur Canada Side Hustle
Canada
Loan for young professionals to develop a side business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Expert Advice
Partnering and Collaboration
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Futurpreneur Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$14,000
Vancouver
Launch a custom bakery offering unique pastries and cakes in Vancouver.
$12,000
Toronto
Develop a mobile app for local farm produce delivery in Toronto.
$13,500
Calgary
Establish a drone photography service for real estate in Calgary.
$11,500
Montreal
Create a social enterprise offering eco-friendly cleaning services in Montreal.
$13,000
Ottawa
Launch an online store selling handmade jewelry in Ottawa.
grant_single_labels|admissibility
- Canadian citizen or permanent resident of Canada
- Physically reside in Canada
- Age between 18-39
- Have a full-time income outside of the side business
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. The Futurpreneur Side Hustle Program in Canada supports young entrepreneurs between 18-39 who have a full-time income outside of their side business.
- Canadian citizens or permanent residents of Canada
- Physically reside in Canada
- Between the ages of 18-39
- Have a full-time income outside of their side business
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include:
- Startup costs for the side business
- Inventory and supplies
- Marketing and advertising expenses
- Professional fees (legal, accounting, etc.)
- Technology and equipment purchases
- Rent or lease expenses for business premises
grant_single_labels|criteria
The Futurpreneur Side Hustle Program in Canada has specific evaluation and selection criteria. Applicants must meet certain eligibility requirements and demonstrate a clear business plan to qualify for up to $15,000 in financing along with mentorship and networking opportunities.
- Must be a Canadian citizen or permanent resident residing in Canada.
- Age requirement of 18-39 years old.
- Must have a full-time income outside of the side business.
- Business plan evaluation for viability and growth potential.
- Commitment to remaining a secondary source of income for the next 12 months.
grant_single_labels|register
- Step 1: Check Eligibility
- Review the general eligibility requirements on Futurpreneur's website.
- Ensure you meet the criteria, including being a Canadian citizen or permanent resident, residing in Canada, and falling within the age range of 18-39.
- Confirm that your side business will remain a secondary source of income for the next 12 months.
- Step 2: Prepare Documentation
- Gather required documents such as identification, proof of residency, and income verification.
- Organize financial information and business plans for the application process.
- Step 3: Submit Application
- Complete the application form on Futurpreneur's website.
- Attach the necessary documents and information as outlined in the application guidelines.
- Step 4: Await Review and Decision
- Wait for Futurpreneur to review your application and make a decision.
- Be prepared for potential follow-up questions or requests for additional information.
Apply to this program
