Futurpreneur receives $1 million investment from government of Ontario

November 5, 2021

New Funding Announced in Fall Economic Statement Will Support Young Entrepreneurs Launching New Businesses and Contribute to Economic Recovery Across Ontario

Toronto, ON (November 5, 2021)Futurpreneur is excited to announce a new funding partnership with the Government of Ontario, with a $1 million commitment in yesterday’s Fall Economic Statement presented by Minister of Finance Peter Bethlenfalvy. This funding will directly support Futurpreneur’s Startup Program, which has helped young entrepreneurs in Ontario launch more than 3,000 businesses across the province over the organization’s 25-year history.

“Our Futurpreneur team is thrilled with the Government of Ontario’s generous contribution of $1 million to help young entrepreneurs across Ontario launch their businesses at this crucial time,” said Futurpreneur’s CEO, Karen Greve Young. “I want to extend my gratitude to Minister Bethlenfalvy, Minister Fedeli, and Minister Tangri for this significant investment, which will enable Futurpreneur to meet the increased demand from young entrepreneurs for our financing and mentorship support. These entrepreneurs will play a vital role in our province’s inclusive economic recovery in the months ahead.”

Through Futurpreneur’s Startup Program, young entrepreneurs aged 18-39 can access pre-launch business planning support, up to $60,000 in collateral-free loan financing (including BDC matched funding), up to two years of mentorship and a range of business supports and programming. As Canada’s only national non-profit organization focused on supporting young entrepreneurs with financing and mentorship to help them start and succeed, Futurpreneur’s programming is unique in the startup ecosystem. In a recent survey, 87% of entrepreneur clients stated that they felt prepared when launching their businesses thanks to the skills they built and the financing and mentorship support they received from Futurpreneur.

This partnership between the Government of Ontario and Futurpreneur will support young entrepreneurs at a critical time in the province’s recovery from COVID-19. Young entrepreneurs will help to lead the way out of the pandemic by creating new businesses that revitalize main streets, create jobs, and contribute to economic prosperity across the province.

Learn more about Futurpreneur’s programs, access free resources, and learn about young entrepreneurs launching innovative and creative new businesses at Futurpreneur’s website.

ABOUT FUTURPRENEUR

Futurpreneur has been fueling the entrepreneurial passions of enterprising young Canadians for over 25 years. We are the only national, non-profit organization that provides financing, mentorship and resources to aspiring business owners aged 18-39. More than 14,400 young Canadian entrepreneurs, spanning every province and territory, have successfully launched their business with Futurpreneur’s support. Their main street businesses help drive Canada’s inclusive economic prosperity in communities from coast to coast to coast. Futurpreneur is a founding member of the G20 Young Entrepreneurs’ Alliance, the Canadian member of Youth Business International, and the Canadian host of Global Entrepreneurship Week.
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MEDIA CONTACT

Micah Anshan
Senior Manager, Government Relations
E: manshan@futurpreneur.ca
T: 437-772-9689

Justin Young
Idea Workshop, on behalf of Futurpreneur
E: justin@ideaworkshop.ca
T: 416-738-5360