How much funding can be received?

The Young Entrepreneurs Grant offers financial support to help young individuals establish and sustain viable businesses. It provides structured financing to manage business start-up costs efficiently.

Provides funding of up to $10,000, representing up to 25% of eligible start-up costs.
Recipient businesses need to make a minimum contribution, such as 25% of start-up costs.
Reimbursement is available for eligible startup expenses including license fees, space rental, and inventory costs, which are covered up to 50%.
Reimbursement is also available for eligible capital costs including land, buildings, and significant equipment purchases.
Receipts for business-related purchases during start-up must be retained for claims and tax purposes.

grant_single_labels|projects

The Young Entrepreneurs Grant is designed to assist Manitoba youth in launching and sustaining new business ventures. The funding supports essential startup and capital expenditures necessary for business establishment and growth.

Covering eligible startup costs such as license fees, space rental, and utility setup.
Providing financial assistance for capital expenditures, including recent purchases of land, buildings, and office equipment.
Facilitating inventory management by covering costs related to raw materials and finished goods.
Supporting necessary operational costs like telephone installations and office supplies to ensure smooth business functioning.

grant_single|admissibleProjectsExample

$ 8,500

Opening a sustainable clothing boutique

$ 8,000

Launching a digital marketing agency

$ 10,000

Starting a fitness center

$ 10,000

Establishing a graphic design studio

$ 10,000

Opening a community café

$ 10,000

Launching a tech consultancy firm

grant_single_labels|admissibility

Eligibility for this grant is based on certain criteria that the business and applicant must meet.

Businesses must have been in full operation for up to twelve months before submitting the application.
The business venture must be year-round and permanent in nature and provide full-time self-employment for the principal applicant.
The business must be based in Manitoba.
The business should be created for the purpose of making a profit and provide at least a minimum wage income to the applicant.
The business plan must demonstrate the viability of the business.
For purchases of existing business ventures and/or assets, transactions must be at fair market value.

grant_eligibility_criteria|who_can_apply

The Young Entrepreneurs Grant is designed for young individuals aged 18 to 29 who are aspiring to start or have recently started their own business in Manitoba. Eligible applicants must be Canadian citizens or have landed immigrant status and be actively involved in all aspects of their business on a day-to-day basis. The principal applicant should be dedicated to establishing a viable, profit-driven business that provides full-time self-employment, with operations based in Manitoba.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain applicants based on specific conditions related to their business ventures or funding statuses. The restrictions ensure compliance with the program's intention to foster new entrepreneurial initiatives.

Expansion of the applicant's existing business.
Businesses that cannot provide the applicant with a living wage (provincial minimum wage).
Applicants who are receiving grant funding from any other Federal or Provincial program. (Note: loans and loan guarantees are not considered grants.)
Applicants who have received the Young Entrepreneurs Grant in the past.
Purchase of existing businesses that provide regulated professional services in self-governing professional occupational categories in Manitoba.

grant_eligibility_criteria|eligible_expenses

The Young Entrepreneurs Grant offers financial assistance to young individuals in Manitoba for starting their own full-time businesses. The grant covers a range of eligible startup and capital costs to support new business ventures.

License fees for establishing the business.
Rental costs for business premises.
Installation and utility expenses related to business operations.
Office supplies and equipment rental necessary for business activities.
Business-related travel costs.
Inventory costs, with eligibility for reimbursement up to 50% of expenses.
Acquisition of land and buildings for the business.
Purchases of office equipment and significant fixtures.

grant_eligibility_criteria|zone

This grant is specifically designed for businesses based in Manitoba, as outlined by the program's regional restrictions. The eligible geographical area ensures the support is provided within the province to stimulate local economic growth.

Manitoba, Canada

grant_single_labels|criteria

The Young Entrepreneurs Grant program evaluation is based on the applicant's eligibility, business plan viability, and the ability to provide a minimum of 15 hours per week to the business. Selection criteria include business being year-round and permanent, providing full-time self-employment, being Manitoba-based, creating a profit, and demonstrating viability through a business plan.

Applicant's age between 18-29 years.
Canadian citizenship or landed immigrant status.
Principal applicant involved in day-to-day business management.
Business must provide principal applicant with full-time self-employment.
Business must be Manitoba-based and year-round.
Business must be profitable and demonstrate viability through a business plan.
Applicant must commit a minimum of 15 hours per week to the business.
Restrictions on expansion of existing business, non-living wage businesses, grants from other programs, and regulated professional services purchases.

grant_single_labels|register

Step 1: Review Application Requirements
- Carefully read the eligibility criteria to ensure qualification.
Step 2: Prepare Your Application
- Fill out the Young Entrepreneurs Grant application form.
- Prepare a detailed business plan according to the Business Plan Overview checklist.
- Ensure all sections and information required are complete and accurate.
Step 3: Make Copies for Records
- Make a copy of the application and business plan for personal records.
- Retain copies of all accompanying correspondence.
Step 4: Submit the Application
- Send the completed application and business plan via email to youthpartnerships@gov.mb.ca.
- Alternatively, mail the documents to the following address:
  230-800 Portage Ave., Winnipeg, MB R3G 0N4.

grant_single_labels|otherInfo

Here are additional relevant details for applicants of the Young Entrepreneurs Grant:

Applicants are expected to maintain and submit a log of the daily hours and activities during the first 300 hours of business operation.
The grant funding received will be considered taxable income in the year it is issued.
Approved grant recipients are required to contribute at least 25% of the start-up costs from their own resources.
Public announcements may be made regarding individuals who receive the Young Entrepreneurs Grant.
Participation in an evaluation of the grant program is required to provide outcomes related to business viability and sustainability.
Additional documentation may be requested to verify eligibility requirements during the assessment process.
Correspondence may be received in the future about workshops and training opportunities for young entrepreneurs.
The decision of the grant funding amount is at the absolute discretion of the government staff managing the program.