Young Entrepreneurs Program
Winnipeg, MN, Canada
Grants for young Manitoba entrepreneurs
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Grant and Funding
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- Economic Development, Investment, Trade and Natural Resources
- Government of Manitoba
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Receive up to $10,000 to defray start-up costs and capital expenditures.
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This grant is specifically available for businesses based in the Province of Manitoba. Companies must be Manitoba-based to apply for this grant.
- Businesses located within the province of Manitoba.
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$10,000
Starting a fitness center
$8,500
Opening a sustainable clothing boutique
$8,000
Launching a digital marketing agency
$10,000
Establishing a graphic design studio
$10,000
Opening a community café
$10,000
Launching a tech consultancy firm
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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.
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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.
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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.
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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
Eligible expenses for the Young Entrepreneurs Grant include certain startup and capital costs directly related to establishing the business.
- License fees
- Space rental
- Telephone installation
- Utilities
- Office supplies
- Equipment rental
- Business travel costs
- Inventory costs (up to 50% of the expense)
- Purchases of land and buildings
- Office equipment
- Significant equipment and fixtures
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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.
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- 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.
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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.
grant_single_labels|contact
youthpartnerships@gov.mb.ca
204-945-2500
Apply to this program
Empowering Manitoba's Young Entrepreneurs
The Young Entrepreneurs Grant is a robust support mechanism for aspiring business owners in Manitoba between the ages of 18 and 29, offering up to $10,000 to help cover startup costs. It aims to promote full-time self-employment among the youth and sustainable business creation within the province.
Detailed Insight into the Young Entrepreneurs Grant Program
The Young Entrepreneurs Grant in Manitoba stands as a cornerstone for fostering new business ventures among young adults. Designed specifically for individuals aged 18 to 29, this grant provides substantial financial assistance to support the initial phases of business development. With a maximum amount of $10,000, eligible young entrepreneurs can offset significant portions of their startup expenses, which includes costs related to licensing, inventory, capital expenditures, and more.
Through this program, the Province of Manitoba underscores its commitment to energizing the local economy by equipping young minds with the resources needed to transition from concept to concrete entrepreneurship. This grant not only facilitates access to crucial startup capital but also reinforces the principles of full-time self-employment. By fostering new business ventures, it inherently creates an environment for job creation and innovation which contributes to the economic landscape of Manitoba.
The program provides pivotal financial support by reimbursing up to 25% of the eligible business expenses, thereby reducing the financial burden on new entrepreneurs. This feature alone makes the grant an attractive option for those who might otherwise struggle to gather sufficient capital to get their businesses off the ground. Additionally, the grant encourages ownership and entrepreneurship as viable career paths, promoting long-term career development outside traditional employment sectors.
Besides the monetary benefits, beneficiaries of the grant join a community of like-minded innovators and can leverage additional resources such as mentorship and workshops. These opportunities for networking and skill development are integral in building sustainable business practices and enhancing industry knowledge. The transparency of the assessment process also ensures that each application is evaluated fairly, with application outcomes clearly communicated to the applicants.
The expansive guidelines laid out for the Young Entrepreneurs Grant program assure applicants of its broad inclusivity; however, the grant is not intended for businesses that continue existing ones or for those looking to expand. Eligibility is scoped to support genuinely new entrepreneurial initiatives or those businesses in operation for less than a year. This specificity ensures that the program remains focused on its mission to sprout new entrepreneurship from the ground up rather than subsidize ongoing expansions.
As part of ongoing economic strategies, the program also requires compliance with certain stipulations, such as maintaining logs of business activities and participation in program evaluations. This accountability keeps the program robust, ensuring that it continually meets the economic-development objectives it seeks to achieve while optimizing the usage of public funds.
In essence, the Young Entrepreneurs Grant is a testament to Manitoba's proactive approach to embedding entrepreneurship into its economic fabric. The grant's structured support fosters an ecosystem where young entrepreneurs not only start their businesses with a solid foundation but also contribute positively to the broader scope of employment and industrial innovation in the region.
