Futurpreneur Canada Start-Up Program
Canada
Financing for young entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Futurpreneur Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$60,000
Toronto
Launching a boutique organic skincare line with in-store and online presence
$55,000
Montreal
Establishing an eco-friendly cafe with a focus on sustainability and local sourcing
$45,000
Calgary
Starting a financial literacy non-profit offering workshops and resources
$35,000
Ottawa
Creating a mobile app development agency focused on small businesses
$50,000
Vancouver
Setting up a tech startup to develop a health monitoring application
$55,000
Halifax
Opening a co-working space for creative professionals offering workshops and networking events
grant_single_labels|admissibility
- Entrepreneurs residing in Canada, ages 18-39
- Citizens or permanent residents of Canada
grant_eligibility_criteria|who_can_apply
Futurpreneur's offerings are available to entrepreneurs residing in Canada, ages 18-39, who are citizens or permanent residents. Eligible types of companies include:
- Start-ups and new businesses
- Black entrepreneurs seeking support
- Indigenous entrepreneurs looking to launch a business
- Individuals interested in turning a passion or part-time idea into a side hustle
- Newcomers to Canada pursuing entrepreneurial opportunities
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include:
- Startup costs for the business
- Equipment and technology purchases
- Marketing and advertising expenses
- Rent or lease payments
- Professional services fees
grant_eligibility_criteria|zone
Companies involved in illegal activities or non-profit organizations are not eligible for this grant.
- Businesses engaged in illegal activities
- Non-profit organizations
grant_single_labels|criteria
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
grant_single_labels|register
- Step 1: Reach out to register for one of Futurpreneur’s offerings.
- Step 2: Tell about you and your business to ensure you’re registering for the right offering.
- Step 3: Share your DRAFT business plan and cash flow with Futurpreneur; they can help you get started if you don’t have one.
- Step 4: Your credit and business plan will be reviewed to ensure they meet eligibility requirements.
- Step 5: Share your supporting documents such as final business plan, cash flow statement, business registration, and ID.
- Step 6: Share your COMPLETE business plan and cash flow with Futurpreneur for further evaluation.
- Step 7: Your application will be reviewed, and if successful, your financing will be approved, and you will be matched with a Futurpreneur mentor.
- Step 8: Meet your mentor and complete your orientation.
- Step 9: Complete all conditions of approval to receive your financing.
- Step 10: Your mentor will provide guidance until your business launch, and you'll have access to networking events and resources.
Apply to this program
Grant Summary: Futurpreneur's Black Entrepreneur Startup Program (BESP)
Understanding Futurpreneur's Black Entrepreneur Startup Program (BESP)
- Futurpreneur's Black Entrepreneur Startup Program (BESP) is designed to support aspiring Black entrepreneurs in Canada by addressing barriers to success often faced by this community. The program offers financing, expert mentorship, and resources tailored to the needs of Black startup founders who identify or intersect with the Black community. Key Features of BESP:Financial Support: BESP provides financial assistance to Black entrepreneurs, helping them access the capital needed to launch and grow their businesses.
- Expert Mentorship: Participants in BESP are matched with experienced mentors who provide guidance, advice, and support throughout the entrepreneurial journey.
- Specialized Resources: The program offers resources and tools specifically tailored to the challenges and opportunities faced by Black entrepreneurs, empowering them to succeed.
- Barriers Addressed: BESP aims to overcome systemic barriers and create a supportive environment for Black entrepreneurs to thrive and realize their business goals.
Eligibility Criteria for BESP:
To qualify for Futurpreneur's Black Entrepreneur Startup Program, applicants must meet the following criteria:
- Be a Black entrepreneur residing in Canada and identifying or intersecting with the Black community.
- Have a viable business idea or startup that requires support to launch or grow.
- Be committed to actively participating in the program and implementing the guidance received from mentors and resources.
Application Process for BESP:
The application process for BESP typically involves the following steps:
- Expression of Interest: Interested entrepreneurs submit an initial application expressing their intent to participate in the program.
- Review and Selection: Applications are reviewed, and eligible candidates are selected based on their business idea, commitment, and potential for success.
- Mentor Matching: Selected entrepreneurs are paired with experienced mentors who provide personalized guidance and support.
- Program Participation: Entrepreneurs engage in workshops, training sessions, and one-on-one meetings to refine their business plans and strategies.
- Growth and Development: Throughout the program, participants focus on growing their businesses, implementing feedback, and adapting to market demands.
Benefits of BESP:
By participating in Futurpreneur's Black Entrepreneur Startup Program, entrepreneurs can access a range of benefits, including:
- Financial Stability: The program provides financial support to kickstart and sustain business operations.
- Mentorship and Guidance: Entrepreneurs receive invaluable advice and mentorship from experienced professionals in the industry.
- Networking Opportunities: Participants have the chance to connect with other Black entrepreneurs, industry experts, and potential collaborators.
- Skill Development: BESP equips entrepreneurs with the skills, knowledge, and resources needed to navigate the business landscape successfully.
- Growth Potential: By engaging with BESP, entrepreneurs can enhance their business's growth prospects and increase their chances of long-term success.
Conclusion:
Futurpreneur's Black Entrepreneur Startup Program (BESP) is a valuable initiative that aims to empower Black entrepreneurs in Canada to overcome challenges, realize their business aspirations, and contribute to the vibrant entrepreneurial ecosystem. Through financial support, mentorship, and specialized resources, BESP creates a conducive environment for Black founders to thrive and make a lasting impact in their respective industries.
