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
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grant_card_status|open
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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
This grant is available to entrepreneurs residing in Canada who meet specific eligibility criteria. It is designed to support young Canadian entrepreneurs in various stages of their business journey.
- Entrepreneurs residing anywhere in Canada.
grant_single|admissibleProjectsExample
$60,000
Launching a boutique organic skincare line with in-store and online presence
$55,000
Establishing an eco-friendly cafe with a focus on sustainability and local sourcing
$45,000
Starting a financial literacy non-profit offering workshops and resources
$35,000
Creating a mobile app development agency focused on small businesses
$50,000
Setting up a tech startup to develop a health monitoring application
$55,000
Opening a co-working space for creative professionals offering workshops and networking events
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile.
- The applicant must be an entrepreneur residing in Canada, aged 18-39.
- The applicant must be a citizen or permanent resident of Canada.
grant_eligibility_criteria|who_can_apply
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.
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
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.
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: Register for an Offering
- Reach out to Futurpreneur to express interest in one of their offerings.
- Provide personal and business details to ensure you're registering for the right offering.
- Step 2: Share Draft Business Plan and Cash Flow
- Submit your draft business plan and cash flow for initial review.
- Receive assistance from Futurpreneur if you do not have these documents ready.
- Step 3: Submit Supporting Documents
- Provide your complete business plan and cash flow statement.
- Include business registration and identification documents.
- Step 4: Application Review
- Futurpreneur reviews your application and documents to ensure eligibility.
- If conditions are met, the application moves forward to approval.
- Step 5: Financing Approval and Mentorship Assignment
- Receive approval for financing if you meet all required conditions.
- Get matched with a Futurpreneur mentor for guidance.
- Step 6: Orientation and Completion
- Meet your mentor and complete your orientation session.
- Fulfill all conditions of approval to receive financing.
- Step 7: Launch Support
- Access networking events and resources to assist in launching and growing your business.
- Utilize mentor guidance up to the business launch.
grant_single_labels|otherInfo
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.
Apply to this program
Embark on Your Entrepreneurial Adventure with Futurpreneur
Futurpreneur Canada is your partner in launching and growing your business, offering resources, mentorship, and funding to young entrepreneurs aged 18-39. Whether you're just exploring the entrepreneurial landscape or ready to buy a business, Futurpreneur has a tailored program designed to support your unique path to success.
Essential Insights into Futurpreneur's Comprehensive Support Programs
Futurpreneur Canada stands out as a pioneering agency dedicated to fostering young entrepreneurial talent across Canada. It provides a broad array of support mechanisms for budding entrepreneurs, ensuring that regardless of where you are in your entrepreneurial journey, you'll find the resources needed to succeed. Aspiring business owners between the ages of 18 and 39, residing and either citizens or permanent residents of Canada, are eligible to participate. Futurpreneur understands that the entrepreneurial path is not a one-size-fits-all journey, which is why it offers tailored assistance across various domains.
For those entirely new to entrepreneurship, Futurpreneur offers a wealth of information through its Business Resource Centre. This hub is a reservoir of knowledge, packed with tips, tools, and motivational stories designed to enlighten and inspire future business leaders. Individuals who may not yet be ready to dive into business ownership can explore countless resources to grasp the fundamentals of entrepreneurship and develop the confidence needed to take the first step.
Individuals who have conceptualized a business idea but require assistance in actualizing their vision can turn to Futurpreneur’s Core Start-up offering. This program combines financing with access to an expert business mentor for up to two years, providing guidance on planning, managing, and growing the business. Futurpreneur not only finances the business but also empowers it through mentorship, thus enhancing its chances of success.
Recognizing the unique challenges faced by diverse entrepreneurial communities, Futurpreneur has developed specific programs such as the Black Entrepreneur Startup Program and the Indigenous Entrepreneur Startup Program. These initiatives address obstacles typically encountered by these communities, offering targeted support and mentorship derived from lived experiences. Such personalized support structures are critical in nurturing these entrepreneurs to achieve substantial and sustainable growth.
Moreover, for those seeking to juggle their passion projects alongside regular employment, the Side Hustle offering provides a viable solution. This program is ideal for young, diverse entrepreneurs who wish to transform their hobbies or nascent business ideas into profitable ventures, offering tailored support that accommodates their professional and personal commitments.
For potential business owners interested in acquiring existing businesses, the #OwnersWanted program provides insightful pathways into entrepreneurship through acquisition. This initiative is an excellent opportunity for those who might find starting from scratch daunting, guiding them through the acquisition process and providing necessary financial and mentorship support.
The Rock My Business series is another cornerstone of Futurpreneur's package, fostering business ideation, planning, and cash flows through a structured set of workshops. These sessions, available both in-person and virtually, are crucial in reinforcing the foundational aspects of business development, helping young entrepreneurs solidify their existing ideas or expand their current operations.
Newcomers to Canada often face distinct barriers in launching a business, such as limited access to credit. Futurpreneur’s Newcomer offering is specifically designed to smooth these challenges, providing essential support structures that empower immigrant entrepreneurs to navigate the business landscape effectively.
Beyond direct entrepreneurial support, Futurpreneur also builds a sustainable ecosystem through its mentorship initiatives, fostering a community where experienced mentors play integral roles in guiding young entrepreneurs. This transparent, inclusive support network ensures that every entrepreneur has the guidance and resources necessary to thrive, thus contributing to a robust future for Canadian entrepreneurship.
