MRC La Nouvelle-Beauce — Futurpreneur

This grant provides various financing modalities intended to support young entrepreneurs in initiating, purchasing, or succeeding businesses. The options cater to diverse entrepreneurial ventures including those initiated by general applicants, part-time entrepreneurs, Black communities, Indigenous communities, and social enterprises.

• Financing offers up to $20,000 from Futurpreneur for the general population.
• Additional financing of up to $40,000 is available through BDC.
• Launch loans between $5,000 and $60,000 tailored for the Black community; up to $40,000 by Futurpreneur and an additional $20,000 from BDC.
• Indigenous entrepreneurs can receive financing up to $60,000.
• Part-time business owners can obtain up to $15,000, with TD Group as the sponsor.
• Social economy entities (registered non-profits and cooperatives) can receive up to $20,000, with a requirement for 20% of income to be derived from continuous and sustainable commercial activities.
• A one-year capital moratorium applies to Black community, Indigenous, and part-time business programs.
• Mandatory mentorship for a 24-month period is required for all financing.

Eligibility for funding from Futurpreneur is determined by specific criteria based on the characteristics of the entrepreneur and the business model.

• Applicants must be between the ages of 18 and 39.
• Projects must primarily be in the startup phase; under certain conditions, business acquisition or succession may be considered.
• For the general population program, applicants can receive up to $20,000 from Futurpreneur.
• Black entrepreneurs can obtain a startup loan ranging from $5,000 to $60,000, with a portion funded by RBC and BDC.
• Indigenous entrepreneurs can receive financing up to $60,000.
• Part-time entrepreneurs, who maintain a stable income outside of their business, are eligible for up to $15,000 in funding.
• Social economy businesses (non-profits and cooperatives) must generate at least 20% of their revenue from ongoing commercial activities to be eligible for up to $20,000 in assistance.
• All applicants must undergo mandatory mentorship for 24 months.

Who is eligible?

Futurpreneur is open to young entrepreneurs aged 18-39 across Canada, with support available for several key demographics: the general population, Black community, Indigenous community, and part-time business operators. Additionally, it supports organizations within the social economy sector, such as non-profits and cooperatives, provided that a portion of their revenues comes from ongoing commercial activities.

The evaluation and selection of projects for the Futurpreneur grant are based on certain key criteria that focus on the support and development of young entrepreneurs.

• Demonstrated need for financial support to start or acquire a business.
• Clarity and viability of the business plan.
• Potential for sustainable revenue generation, particularly for social economy projects where at least 20% of revenues must come from ongoing commercial activities.
• Commitment to mentorship for 24 months, with support provided by DENB's experienced mentors.

Here are additional relevant details for the Futurpreneur grant program:

• All financing is subject to a mandatory mentorship program lasting 24 months, facilitated by DENB's network of experienced mentors.
• There is a one-year capital repayment moratorium available, applicable to specific programs such as those for Black entrepreneurs, Indigenous people, and part-time entrepreneurs.