The Centre de transfert d’entreprise du Québec and Futurpreneur join forces for the next generation of business buyers

Nov. 9 2023 — The Centre de transfert d’entreprise du Québec (CTEQ) is delighted to announce a new partnership with Futurpreneur. Young entrepreneurs often face additional challenges, such as access to financing and lack of experience. This agreement between the two organizations will decrease these barriers by offering financing, mentoring, training and consulting services to aspiring business owners aged 18–39.

FOSTERING THE POTENTIAL OF YOUNG BUSINESS BUYERS

In Quebec alone, 34,000 entrepreneurs have expressed their intention to transfer their business ownership between 2020 and 2025. At the same time, 26.6% of young people intending to set up their own business said they would prefer to take over a business. Given this wave of transfers, it is essential to capitalize on the potential of young entrepreneurs, with a focus on specific regions and supporting for diversity and inclusion initiatives. As a leader in the field, CTEQ’s expertise in business transfers will be put to good use in guiding young entrepreneurs and offering them the best chance of making their transfer, acquisition and succession projects successful.

FINANCING AND MENTORING AND INITIATIVES FOR BUSINESS ACQUISITION

In addition to greater sharing of existing resources and best practices, a new bilateral initiative will be launched, called “Cap sur ma reprise.” The initiative will include a series of events, training and online resources. In addition, Futurpreneur will provide eligible young entrepreneurs with up to $20,000 in financing, along with mentorship opportunities. This partnership builds upon the joint work already undertaken by the two organizations. Futurpreneur participates in various CTEQ initiatives, such as the Table nationale du repreneuriat and the Semaine nationale du repreneuriat.

“CTEQ offers entrepreneurs, throughout Quebec, a solution for selling and purchasing businesses that is unique in Canada. By combining our strengths with those of Futurpreneur, we’ll be able to provide young entrepreneurs interested in business acquisition with the tools they need to capitalize on the immense potential of business transfers in order to ensure the long-term future of our economy,” says Alexandre Ollive, CEO of CTEQ.

“Futurpreneur has a broad network of young entrepreneurs that could contribute to the development of business acquisitions in Quebec. We want to enhance this network and provide even more support as part of a greater collaboration between Futurpreneur and CTEQ,” adds Maryse Gingras, Futurpreneur’s Vice-President, Business Development.

About the Centre de transfert d’entreprise du Québec

As a leader in the field of entrepreneurial takeovers in Quebec, the CTEQ’s mission is to ensure businesses in the province survive in the long term. The CTEQ offers personalized and confidential consulting services, business opportunities, training, and events, as well as an extensive network to help people successfully buy or sell a small or medium-sized business. Present throughout the province of Quebec, the CTEQ is financially supported by the Ministère de l’Économie, de l’Innovation et de l’Énergie du Québec. ctequebec.com

About Futurpreneur

Futurpreneur is a national, non-profit organization that provides collateral-free financing, mentorship and resources to diverse young entrepreneurs, aged 18-39, who are looking to start or grow their businesses in Canada. With a mandate to help young entrepreneurs bring their business ideas to life, Futurpreneur provides bilingual (English and French) support and resources to help business owners start and succeed. Founded in 1996, the organization was established to promote entrepreneurship among Canadian youth as a critical pillar for diversifying the economy, generating employment opportunities and fostering a sustainable future. Since then, Futurpreneur has helped more than 17,700 young entrepreneurs launch or acquire small and growing businesses across Canada, including close to 4,800 in Quebec. futurpreneur.ca

For more information
Maxime Riopel
Public Relations and Business Intelligence Advisor
Centre de transfert d’entreprise du Québec
relationspubliques@ctequebec.com | 514-797-4153

Liesl Barrel
Head, Communications & marketing
Futurpreneur
lbarrel@futurpreneur.ca | 438 223 9871