
- Open continuously
Overview
Get a collateral-free loan of up to $60,000, along with 2 years of expert business mentoring to get your startup off the ground if you're 18–39 years old.
At a glance
Funding available
- Complete an acquisition or business transfer
- No Condition
- Open continuously
Eligible candidates
- All industries
- Canada
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Indigenous Peoples
- Newcomers to Canada
- Black Canadians
- Canadians
- Youth (<40)
- Startups
- Economic, Social and Community Development
- Employment and Training
- Children and Youth Organizations
- Diversity and Inclusion
- Children & youth
- Young adults
- Indigenous peoples
- New immigrants & refugees
- Business owners / entrepreneurs
- Nonprofits / charities
- Academia / students
- Minority groups
- All structures
- National
Next steps
Activities funded
Futurpreneur Canada Start-Up Program provides support for various entrepreneurial activities by offering financing, mentorship, and resources tailored to young entrepreneurs in Canada. The program enables aspiring entrepreneurs to launch and develop their businesses in different segments, catering to diverse needs and communities.
- Access to financing and mentorship for entrepreneurs with a business idea needing help getting started.
- Specific support programs for Black and Indigenous entrepreneurs to address unique challenges.
- Resources and mentorship for individuals looking to start a side hustle while managing other full-time responsibilities.
- Guidance and support for acquiring existing small businesses through the #OwnersWanted program.
- Workshops aimed at developing business ideas, plans, and understanding cash flows through the Rock My Business series.
- Support for newcomer entrepreneurs to overcome barriers and successfully launch their business ventures in Canada.
Eligibility
Who is eligible?
Futurpreneur offers its programs and resources to young entrepreneurs residing in Canada who are between the ages of 18 to 39 and are either citizens or permanent residents. These individuals can benefit from Futurpreneur's support in various stages of their entrepreneurial journey, whether they are exploring business ideas, starting a new venture, or growing an existing business. Special programs are available for Black, Indigenous, newcomer, and student entrepreneurs, among others.Who is not eligible
There are specific types of companies that are not eligible for this grant:
- Companies with founders outside the age range of 18-39
- Companies with founders who are not citizens or permanent residents of Canada
Eligible expenses
Futurpreneur offers diverse programs to help various groups of entrepreneurs start and grow their businesses in Canada. These initiatives include financial support, mentorship, and resource access tailored to specific needs and communities.
- Resources and mentorship for young entrepreneurs starting a new business.
- Support programs for Black entrepreneurs to overcome business barriers.
- Indigenous Entrepreneur Startup Program aimed at empowering Indigenous business owners.
- Side Hustle initiative for turning part-time business ideas into profitable ventures.
- Guidance for purchasing existing businesses through the #OwnersWanted program.
- Workshops for business plan development, cash flow understanding, and business growth.
- Newcomer Entrepreneur Support for overcoming unique challenges faced by immigrant entrepreneurs.
- Opportunities for professionals to mentor aspiring entrepreneurs and support their journeys.
- Special offerings for student entrepreneurs balancing education and business creation.
- Support for launching non-profit organizations.
Eligible geographic areas
Eligible entrepreneurs for the Futurpreneur Canada Start-Up Program are individuals residing in Canada. The focus is on providing support across the nation to foster entrepreneurial growth.
- All Canadian provinces and territories.
- Entrepreneurs must be citizens or permanent residents of Canada.
Additional information
Here are additional relevant details for this grant:
- The support includes a combination of financing and mentorship lasting up to two years.
- Mentorship is provided by experienced entrepreneurs to help guide new business founders.
- There are specialized programs tailored for Black and Indigenous entrepreneurs, as well as newcomers to Canada.
- Futurpreneur also offers resources specifically designed for student entrepreneurs and those interested in starting non-profit organizations.
Frequently Asked Questions about the Futurpreneur Canada Start-Up Program Program
What is the Futurpreneur Canada Start-Up Program?
Who is eligible for the Futurpreneur Canada Start-Up Program program?
What expenses are eligible under Futurpreneur Canada Start-Up Program?
Where is the Futurpreneur Canada Start-Up Program available?
Is the Futurpreneur Canada Start-Up Program a grant, loan, or tax credit?
Who are the financial supporters of the Futurpreneur Canada Start-Up Program?
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