Futurpreneur Canada is a national not-for-profit organization that provides financing, mentoring, and business support tools to young entrepreneurs between the ages of 18 and 39. Since 1996, Futurpreneur has supported more than 12,000 young business owners and helped launch more than 10,000 businesses across Canada, creating an estimated 41,000 jobs and generating an estimated $300 million in tax revenue.

“As Minister of Small Business and Export Promotion, I am committed to helping Canadian entrepreneurs and small and medium-sized enterprises develop their businesses, with a goal of sustainable and inclusive growth. The financing and mentoring services that Futurpreneur offers to Canada’s next generation of business leaders play an important role in achieving this goal. I look forward to seeing the many incredible success stories of young entrepreneurs who are able to start up, scale up and access new markets with the help of Futurpreneur Canada.”
– The Honourable Mary Ng, Minister of Small Business and Export Promotion

“Our government knows that a strong and inclusive economy is one where young entrepreneurs are well represented. With this renewed investment, a thousand more young Canadians are going to see their ideas become part of our economic success. Young Canadians like those in Burnaby, North Vancouver and British Columbia are getting the right tools they need to succeed in every stage of life.”
– Terry Beech, Member of Parliament for Burnaby North–Seymour

“This partnership strengthens early-stage support for young entrepreneurs to fuel their long-term success, building our national economy and shaping their local communities in the process. We look forward to continuing to work with the Government of Canada, as well our as provincial and corporate partners, in supporting entrepreneurs from coast to coast to coast.”
– Karen Greve Young, CEO, Futurpreneur Canada

• Futurpreneur Canada is a national not-for-profit organization that provides young entrepreneurs with mentorship, learning resources and start-up financing to help them bring their business ideas to market. 

• Since 1996, Futurpreneur Canada’s core program has helped more than 12,000 young entrepreneurs launch more than 10,000 new businesses. 

• About 45% of the businesses supported by Futurpreneur Canada have been majority owned by women—more than double the national average.

• Budget 2019 invested $38 million in Futurpreneur Canada over five years, starting in 2019–20, to help it continue its efforts to support the next generation of entrepreneurs.

• This renewed investment is expected to help support the work of approximately 1,000 young entrepreneurs per year. This funding also includes $3 million over five years to build Futurpreneur’s capacity to engage Indigenous youth through a specially tailored program of outreach and support delivered in partnership with Indigenous business organizations.

• Futurpreneur’s main Start-up Program provides up to $60,000 in loans for three- to five-year terms: $20,000 from Futurpreneur, with the option to request an additional $40,000 from the Business Development Bank of Canada.

Associated links

• Canada Business App
• Innovation and Skills Plan
• Women Entrepreneurship Strategy
• Canadian Trade Commissioner Service
• CanExport
• Accelerated Growth Service
• Industrial Research Assistance Program
• Innovative Solutions Canada
• Venture Capital Catalyst Initiative
• Canada-European Union Comprehensive Economic and Trade Agreement
• Comprehensive and Progressive Agreement for Trans-Pacific Partnership
• Canada-United States-Mexico Agreement

Corinne Havard
Press Secretary
Office of the Minister of Small Business and Export Promotion
corinne.havard@canada.ca

Media Relations
Innovation, Science and Economic Development Canada
343-291-1777
ic.mediarelations-mediasrelations.ic@canada.ca

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