Federal government announces $14M investment in Futurpreneur Canada

At an event in Brampton, Ontario today, Prime Minister Stephen Harper announced that the Government of Canada will support the success of young Canadian entrepreneurs through a $14 million dollar investment in Futurpreneur Canada over the next two years. This investment, along with the generous contributions of corporate, government and other partners, will help an estimated 2,700 young entrepreneurs to access the financing and proven programs they need to build businesses, jobs and a stronger, more competitive Canadian economy. These entrepreneurs have the potential to create 2,250 new businesses and 10,800 jobs.

“Young entrepreneurs have the desire and potential to fuel the job creation and growth Canada’s economy needs,” said Julia Deans, CEO, Futurpreneur Canada. “With this support we will equip thousands of young people with the skills, resources and confidence they need to launch and grow their own businesses. We’re encouraged by this investment and look forward to working with our other partners to help even more entrepreneurs.”

We’re proud to say that, since our inception in 1996, Futurpreneur Canada has invested in 7,500 entrepreneurs, who have created an estimated 29,800 jobs and an estimated $217,000,000 in tax revenue. And we’re seeing more young people turning to entrepreneurship as a viable career option. In the year ending March 31, 2015, Futurpreneur Canada will support the start of almost 1,000 new businesses – that’s a 25 per cent increase from the number of businesses we supported in the previous year.

Today’s event was hosted by Spin Master, a long-time partner of Futurpreneur Canada, in collaboration with UTi.

To see the impact our programs are having on young entrepreneurs around the country, visit the ‘Get Inspired’ section of our website.

You can get more information on our announcement in our press release.