How much funding can be received?

Futurpreneur offers financial support across Canada for projects by individuals aged 18-39, providing up to $60,000 in funding with an emphasis on business startup, including conditions for business acquisition or succession. Eligible activities span a wide range of sectors, ensuring support for diverse entrepreneurial ventures.

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Futurpreneur grants cater to young entrepreneurs aged 18-39, offering financial support for various entrepreneurial initiatives across Canada. The organization provides funding solutions for both full-time and part-time business ventures, with specific programs tailored for Black and Indigenous communities, as well as social enterprises.

General business startups with funding up to $20,000; additional $40,000 possible through BDC loans.
Black community entrepreneurs with startup loans ranging from $5,000 to $60,000.
Indigenous community entrepreneurs, with funding availability up to $60,000.
Part-time business ventures with funding up to $15,000 while maintaining a stable external income.
Social economy projects, including non-profit and cooperative organizations, eligible for funding up to $20,000.

grant_single_labels|admissibility

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.

grant_eligibility_criteria|who_can_apply

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.

grant_eligibility_criteria|zone

This grant is available to companies across Canada, as specified by the national scope of the funding body, Futurpreneur. The programs are designed to support young entrepreneurs throughout the country.

Entrepreneurs residing in any province or territory within Canada.

grant_single_labels|criteria

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.

grant_single_labels|register

Step 1: Initial Inquiry
Contact Jérôme Leclerc or Erica Couture for detailed program information.
Seek guidance on the specific eligibility requirements and application process.
Step 2: Preliminary Registration
Register your interest in funding through the Futurpreneur partnership with DENB.
Gather necessary personal and business information for registration.
Step 3: Prepare Application
Prepare a comprehensive business plan detailing your startup project or business acquisition/transition plan.
Include key sections such as market analysis, financial projections, and business strategies.
Assemble additional necessary documents, such as personal identification and financial statements.
Step 4: Mentorship Plan
Develop a plan for the mandatory 24-month mentorship component.
Select potential mentors from DENB's pool of experienced mentors based on your business needs.
Step 5: Funding Application Submission
Complete the application form provided by Futurpreneur.
Attach all required documents and submit via the appropriate channel as advised by DENB.
Step 6: Confirmation and Follow-up
Receive confirmation of your application submission from Futurpreneur.
Keep in contact with DENB for updates on the status of your application.

grant_single_labels|otherInfo

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.

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4183861608

Apply to this program

Empowering Young Canadian Entrepreneurs Through Futurpreneur

Futurpreneur assists young Canadian entrepreneurs aged 18-39 by providing vital financial support and mentorship to kickstart their business ventures. With a comprehensive suite of programs, it helps turn innovative ideas into successful and sustainable businesses.

Exploring How Futurpreneur Supports Canadian Entrepreneurship

Futurpreneur is committed to nurturing the entrepreneurial spirit in Canada by offering targeted financial solutions and essential business guidance for young entrepreneurs. This nationwide initiative embraces a wide range of business sectors, ensuring accessibility to aspiring business leaders from diverse backgrounds. It offers specialized programs tailored not only to the general young population but also to specific communities, including Black and Indigenous entrepreneurs, as well as those operating part-time enterprises. Each program varies in scale and scope, providing funding that can be customized to meet the unique needs and circumstances of different entrepreneurs.

One of the standout features of Futurpreneur's approach is its robust financial offerings, tailored to foster growth at crucial stages of business development. Entrepreneurs can apply for up to $20,000 directly from Futurpreneur, with the Business Development Bank of Canada (BDC) offering additional loans of up to $40,000, creating a substantial financial support network. This is complemented by specific programs for underserved communities, such as the Black community initiative funded partly by RBC, which provides up to $60,000. Likewise, Indigenous entrepreneurs and social economy initiatives are supported through dedicated funding provisions.

Beyond just funding, Futurpreneur emphasizes the importance of mentorship, recognizing that expert guidance is crucial to the success of a nascent business. With a mandatory mentorship period of 24 months, entrepreneurs receive invaluable insights and strategic advice from experienced business mentors, ensuring they are well-equipped to tackle challenges and seize opportunities as they arise. The partnership with Développement économique Nouvelle-Beauce (DENB) further enriches this mentorship offering, providing access to a local network of seasoned advisors who can offer region-specific insights and support.

The structured support provided by Futurpreneur ensures entrepreneurs are not only able to launch their businesses but also sustain and grow them. The organization strategically aligns its funding and advisory services with the evolving needs of the entrepreneur, allowing for a dynamic interaction between the business's growth stage and the type of support rendered. A key aspect of this is the one-year capital repayment moratorium offered across most programs, which alleviates initial financial pressure and enables entrepreneurs to focus on establishing their business operations securely and thoughtfully.

Furthermore, Futurpreneur's holistic approach to supporting entrepreneurship is reflected in its community-centric initiatives, where it plays an instrumental role in fostering a culture of collaboration and innovation within local ecosystems. By partnering with community-based organizations like DENB, it ensures that its reach and impact are not just national but also deeply personal, influencing both the immediate community and the broader Canadian economic landscape.

With a seamless application process managed by dedicated advisors and a broad yet adaptive financial framework, Futurpreneur remains a pillar of support for young Canadians eager to turn their entrepreneurial dreams into viable businesses. By providing comprehensive resources and forging meaningful connections with financial institutions, mentors, and local communities, Futurpreneur empowers a new generation of entrepreneurs to drive economic growth and innovation across Canada.

In summary, Futurpreneur not only alleviates financial barriers for young Canadian entrepreneurs but also fosters an environment conducive to innovation and leadership. Its emphasis on inclusivity and partnership helps build resilient businesses capable of adapting to an ever-changing global economy. For those looking to embark on their entrepreneurial journey, the opportunities and support structures offered by Futurpreneur serve as invaluable assets in achieving sustainable success.