Rise — Youth Small Business Program

📋 Eligible Entities - Young entrepreneurs aged 18–34 years old - First-time business owners or those planning to launch a business - Canadian residents with a viable business idea - Sole proprietors and self-employed individuals - Individuals planning to incorporate as a corporation - Note: Established businesses with significant revenue may have limited eligibility ### 💰 Funding Details - Program Cost: Free to participants (no tuition or enrollment fees) - Duration: 10 weeks of virtual instruction - Access to Financing: Participants gain access to financing options and capital resources (specific amounts and terms depend on individual assessment and partner lenders) - Equipment Access: Program provides or facilitates access to tools and equipment needed for business operations - No Repayment Required: The skill-building program itself is grant-funded with no repayment obligation - Financing Obtained Separately: Any loans or financing accessed through program connections would follow standard lender terms ### 🛠️ Approved Expenses - Business plan development and refinement - Market research and feasibility analysis - Financial projections and accounting setup - Digital tools and software training - Branding and marketing strategy fundamentals - Operations and logistics planning - Technology adoption and digital skills - Equipment and tools relevant to the business concept - Coaching and mentorship services (provided through program) ### ⚠️ Conditions & Milestones - Commitment Requirement: Full participation in the 10-week virtual program - Business Plan Submission: Development and completion of a formal business plan by program end - Eligibility Verification: Participants must verify age, residency, and business viability at intake - Timeline: 10-week structured curriculum with defined start and end dates - Attendance: Regular engagement in virtual sessions and coaching activities - Access Conditions: Financing and equipment access contingent on successful program completion - Ongoing Support: Post-program access to extended resources and alumni networks - Documentation: Participants must maintain records of business progress and milestones