Futurpreneur Canada Start-Up Program

• Draft business plan
• Cash flow forecast
• Final business plan and cash flow statement
• Business registration document
• Government-issued ID

Who is eligible?

• Young entrepreneurs in Canada.
• Black entrepreneurs.
• Indigenous entrepreneurs.
• Newcomer entrepreneurs.
• Student entrepreneurs.

Who is not eligible

• Applicants under 18 or over 39 years old.
• Businesses not registered or not operating in Canada.
• Businesses in excluded sectors such as gambling, adult content, financial services, or recreational tobacco and marijuana.

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.

Ineligible Costs and Activities

• Refinancing existing debt.
• Businesses involving gambling, adult content, recreational tobacco or marijuana, or unregulated health risks.
• Businesses involving financial services, money services, payment services, or cryptocurrency.
• Businesses involving illegal activities or trading in high-risk or proscribed countries.

Eligible geographic areas

• Canada

Futurpreneur has evaluation and selection criteria for its grants:

• Applicants must be entrepreneurs residing in Canada, aged 18-39, who are citizens or permanent residents
• Applicants must submit a complete business plan and cash flow statement for review
• Applications will be assessed based on eligibility requirements, credit, and business plan review

• Step 1: Register with Futurpreneur
  • Reach out to register for an offering.
  • Share basic information about you and your business.
• Step 2: Submit draft planning documents
  • Provide a draft business plan and cash flow.
  • Get help from Futurpreneur if you do not have them ready.
• Step 3: Provide supporting documents
  • Submit the final business plan and cash flow statement.
  • Provide business registration and identification documents.
• Step 4: Complete review and approval
  • Futurpreneur reviews the application and required conditions.
  • If approved, you are matched with a mentor and receive financing after conditions are completed.

• Applicants first register and share their business details with Futurpreneur.
• Draft business plan and cash flow are reviewed before the full application is completed.
• The full application is reviewed and, if approved, the applicant is matched with a mentor.
• The applicant completes orientation and all approval conditions before receiving financing.

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.