MRC Arthabaska — Futurpreneur Canada
Victoriaville, Canada
Funding and mentorship for young entrepreneurs in Canada
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
Expert Advice
Partnering and Collaboration
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Arthabaska
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grant_card_status|open
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Futurpreneur Canada's program offers up to $60,000 in funding to young entrepreneurs aged 18 to 39, providing resources to develop business plans, mentorship, and support to grow successful businesses. The program is designed to assist new businesses that have been operating for less than 12 months and requires entrepreneurs to engage in mandatory mentorship to ensure sustainability and success.
grant_single_labels|projects
This grant is designed to support young entrepreneurs in launching their own businesses through funding, mentorship, and resources. The eligible activities focus primarily on establishing and growing new businesses across various sectors.
- Creation of new business ventures by young entrepreneurs aged 18 to 39.
- Development and enhancement of a comprehensive business plan.
- Participation in a mandatory two-year mentorship program with seasoned business mentors.
- Formation of sustainable full-time employment for the entrepreneur.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the entrepreneur’s profile and business operations.
- The applicant must be aged between 18 to 39 years.
- The applicant must be legally authorized to work in Canada, excluding those with work permits.
- The business must demonstrate viability through a complete business plan submission.
- The business must have been operational for less than 12 months.
- The applicant must reside in or operate the business in a locality that offers Futurpreneur Canada programs.
- The applicant must possess relevant training and/or experience related to the project.
- The applicant must commit to working with a mentor for two years.
- The business must create a sustainable full-time job for the applicant.
- The applicant must own at least 51% of voting shares and participate in the daily management of the business.
- The loan must not be used for refinancing existing debts.
grant_eligibility_criteria|who_can_apply
This grant is aimed at young entrepreneurs in Canada aged between 18 to 39 years who have a viable business idea. Applicants must be legally authorized to work in Canada and meet specific criteria, including demonstrating the business's viability through a complete business plan, operating for less than 12 months, residing or operating within areas where Futurpreneur programs are available, and committing to work with a mentor for two years.
grant_eligibility_criteria|zone
The grant eligibility is focused on supporting local businesses in areas served by Futurpreneur Canada programs. Applicants must operate within these specified locations to qualify for funding.
- Companies must be located in regions offering Futurpreneur Canada programs.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure you meet all eligibility criteria such as age, business stage, and location.
- Step 2: Business Plan Preparation
- Develop a comprehensive business plan demonstrating the viability of your business idea.
- Include financial projections, marketing strategy, and operational plans.
- Step 3: Register and Apply
- Visit the Futurpreneur Canada website to create an account or log in.
- Complete the application form with necessary business details and personal information.
- Attach your business plan and any relevant supporting documents.
- Step 4: Mentorship Agreement
- Agree to the terms of the mandatory mentorship program.
- Select any preference for mentorship match (if available).
- Step 5: Submission
- Review the application for any errors or missing information.
- Submit the application through the online portal.
- Step 6: Receive Confirmation
- Receive a confirmation email acknowledging receipt of your application.
- Keep the confirmation for your records and follow up if needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Futurpreneur Canada offers a mandatory world-class mentorship program as part of the financing package.
- Mentorship lasts for two years, providing guidance to enhance business success rates during the start-up phase.
- Mentors are experienced business professionals who are matched individually with entrepreneurs based on mentorship suitability.
- The loan should not be used for existing debt refinancing, ensuring funds are allocated strictly to new business development or expansion efforts.
Apply to this program
Empower Your Entrepreneurial Journey
The Futurpreneur Canada program, in collaboration with the Corporation de développement économique de Victoriaville et sa région, offers vital resources and financial assistance to young entrepreneurs aged 18 to 39, helping them turn their business ideas into reality. With up to $60,000 in funding and world-class mentorship, this initiative aims to nurture the next generation of Canada’s business leaders.
Details of the Futurpreneur Canada Funding and Mentorship Program
The partnership between Futurpreneur Canada and the Corporation de développement économique de Victoriaville et sa région (CDEVR) plays a significant role in bolstering young entrepreneurs who aspire to transform innovative business ideas into successful ventures. Tailored for individuals aged 18 to 39, this program not only offers substantial startup funding but also comprehensive support that continues throughout the entrepreneurial journey.
The primary intent of this program is to fuel economic growth by empowering the youth to establish and grow sustainable businesses. Offering up to $60,000 in financial assistance, the initiative targets young entrepreneurs with a passion for innovation and a desire to contribute to their local economies. The financial support provided is structured to assist in the crucial early stages of business development, ensuring that fledgling entrepreneurs have a strong foundation upon which to build their enterprises.
Moreover, the program stands out due to its integrated mentorship component, which is mandatory for all participants. Mentorship is a cornerstone of the initiative, providing invaluable guidance from seasoned business professionals who bring a wealth of experience and practical knowledge. Each entrepreneur is matched with a mentor who not only offers insights and advice but also helps navigate the complexities of starting and managing a business. This mentorship is provided for a significant two-year period, ensuring sustained support as the entrepreneurs transition from start-up to growth phases.
This intensive mentorship involves regular meetings and the sharing of insights and strategies that can help mitigate risks and capitalize on opportunities. The mentor-mentee relationship is designed to foster a collaborative environment where entrepreneurs can both learn and implement critical business strategies. The support also includes aiding in the development of robust business plans, essential for ensuring business viability and setting a clear roadmap for future growth.
Eligibility for this program requires authenticity and seriousness about business execution, including creation of a compelling business plan that demonstrates viability. Young entrepreneurs who qualify must reside in a community that supports Futurpreneur Canada's programs and participate actively in their business operations, holding significant ownership and decision-making authority.
Beyond the financial and mentorship resources, participants gain access to a network of other entrepreneurs, business leaders, and additional resources that can help expand their business connections. This network serves as a platform for exchanging ideas, finding collaborators, and learning from the successes and challenges of others navigating similar paths.
Futurpreneur Canada's initiative signifies a robust opportunity for young entrepreneurs ready to harness their potential and navigate the dynamic business environment. By providing essential resources, impactful mentorship, and a strong business community network, the program prepares young innovators to drive economic development and create sustainable enterprises that can flourish in Canada’s diverse markets.
