Programme de démarrage de Futurpreneur Canada

📋 Eligible Entities - Age requirement: Young entrepreneurs aged 18–39 years old - Business type: New or early-stage businesses (startups) - Entity structure: Can include sole proprietors, incorporated companies, and partnerships - Residency: Canadian residents (federal program) - Experience: First-time business owners or those with limited entrepreneurial experience are prioritized - Sector: Most business sectors eligible, with some restrictions on high-risk industries ### 💰 Funding Details - Maximum loan amount: $75,000 CAD per applicant - BDC financing component: Up to $50,000 through Business Development Bank of Canada (BDC) - Additional financing: Up to $25,000 from partner lenders or other sources - Equity requirement: Zero equity/collateral requirement (flexible terms) - Repayment terms: Flexible repayment schedules (typically 5–10 years) - Interest rates: Competitive, market-based rates through BDC - Matching funds: Applicant may need to demonstrate some personal investment or co-financing capacity ### 🛠️ Approved Expenses - Business startup costs and initial operations - Equipment and machinery purchases - Inventory acquisition - Technology and software systems - Facility lease deposits and renovations - Working capital and operational expenses - Marketing and brand development - Professional fees (legal, accounting, consulting) - Training and skill development - Payroll during startup phase ### ⚠️ Conditions & Milestones - Mentorship requirement: Mandatory 2-year mentoring relationship with experienced business mentor (included in program) - Business plan: Comprehensive, realistic business plan required for approval - Personal investment: Demonstrate personal commitment through some level of personal contribution - Credit assessment: Credit check and financial eligibility review conducted - Loan covenant: Regular reporting and financial statement submissions required during loan term - Use of funds: Money must be used for eligible business purposes only; misuse triggers default provisions - Timeline: Mentorship runs concurrent with loan repayment period - Milestone reviews: Annual or semi-