{"id":6069,"date":"2019-03-19T21:22:33","date_gmt":"2019-03-20T01:22:33","guid":{"rendered":"https:\/\/futurpreneur.ca\/press_release\/futurpreneur-canada-receives-38m-in-government-of-canada-funding-to-support-young-entrepreneurs\/"},"modified":"2024-03-01T17:27:10","modified_gmt":"2024-03-01T22:27:10","slug":"futurpreneur-canada-receives-38m-in-government-of-canada-funding-to-support-young-entrepreneurs","status":"publish","type":"press_release","link":"https:\/\/futurpreneur.ca\/en\/press_release\/futurpreneur-canada-receives-38m-in-government-of-canada-funding-to-support-young-entrepreneurs\/","title":{"rendered":"Futurpreneur Canada\u2122 receives $38m in government of Canada funding to support young entrepreneurs"},"content":{"rendered":"\n<p class=\"has-text-align-center\">\n<\/p>\n\n\n\n<p class=\"has-text-align-center\"><em>The Federal Budget investment highlights the Government\u2019s commitment to building the nation\u2019s economy by supporting the next generation of entrepreneurs<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span data-contrast=\"auto\">\u201cWe know that a strong and inclusive economy is one where young&nbsp;<\/span><span data-contrast=\"auto\">entrepreneurs<\/span><span data-contrast=\"auto\">&nbsp;are well-represented. To this end, we are investing in&nbsp;Futurpreneur, an organization that has helped thousands of young entrepreneurs succeed with mentorship, programming and capital investment.\u201d<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\n<blockquote><p><span data-contrast=\"auto\">The&nbsp;<\/span><span data-contrast=\"auto\">Honourable<\/span><span data-contrast=\"auto\">&nbsp;Mary Ng, Canada\u2019s Minister of Small Business and Export Promotion<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p><\/blockquote>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>FOR IMMEDIATE RELEASE <\/strong><br>\n<strong>OTTAWA, CANADA (MARCH 19, 2019) <\/strong>\u2013 Young entrepreneurs across the country now have an increased chance of success, thanks to the Government of Canada\u2019s renewed investment of $38M over five years in Futurpreneur Canada, announced today in the 2019 federal budget.<\/p>\n\n\n\n<p>\u201cThis renewed partnership will strengthen early-stage support for young entrepreneurs and fuel their long-term success,\u201d said Karen Greve Young, Chief Executive Officer, Futurpreneur Canada. \u201cOur organization looks forward to continuing to work with the Government of Canada to support young entrepreneurs building new businesses in a variety of exciting sectors, in every community across Canada.\u201d<\/p>\n\n\n\n<p>This investment, and the additional corporate and provincial funding it will help secure, will enable Futurpreneur to build on its successful 20+ year track record. Its proven Start-up Program of financing, mentoring and other professional resources supports aspiring entrepreneurs aged 18-39 in launching or acquiring existing businesses.<\/p>\n\n\n\n<p>\u201cFrom bakeries to restaurants to small clothing stores, we stand behind main street businesses that help small communities across Canada thrive,\u201d said John Risley, Chair, Futurpreneur Board of Directors, President and Chief Executive Officer, Clearwater Fine Foods Inc.<strong> \u201c<\/strong>Some of these incredible businesses will grow and scale in the same way many Futurpreneur-supported alumni have, from Canada Rope and Twine to Skip the Dishes to Frank &amp; Oak.\u201d<\/p>\n\n\n\n<p>This investment from the Government of Canada also builds Futurpreneur\u2019s capacity to engage Indigenous youth through a specially-tailored program of outreach and support. Working with Aboriginal Financial Institutions and other partners, Futurpreneur will ensure that Indigenous youth across Canada have access to the skills, mentorship, financing and other resources they need to support their entrepreneurial success.<\/p>\n\n\n\n<p>At Futurpreneur, we pride ourselves in being the only national non-profit that provides a unique offering of financial and mentoring support to help young entrepreneurs realize their dreams of launching a business. Futurpreneur is industry-agnostic and provides support to young entrepreneurs across a variety of different sectors.<\/p>\n\n\n\n<p>\u201cOur government, under the leadership of Prime Minister Justin Trudeau, believes in the ideas and in the potential of young Canadians. We know that a strong and inclusive economy is one where young entrepreneurs are well-represented,\u201d said The Honourable Mary Ng, Minister of Small Business and Export Promotion. \u201cTo this end, we are investing in Futurpreneur, an organization that has helped thousands of young entrepreneurs succeed with mentorship, programming and capital investment. I look forward to seeing the many incredible success stories of young entrepreneurs being able to start up, scale up and access new markets with the help of Futurpreneur.\u201d<\/p>\n\n\n\n<p>Futurpreneur continually strives to find innovative and improved ways to support young Canadian entrepreneurs. In addition, Futurpreneur leverages Government of Canada support to secure matching funding from non-federal sources, bolstering the organization\u2019s support for young entrepreneurs in every province and territory.<\/p>\n\n\n\n<p>\u201cThis investment is a call to action for provincial governments, and other organizations who support small business creation, to join us in amplifying the success of diverse young entrepreneurs,\u201d said Greve Young. \u201cWith this renewed support, local communities across the country will be sustained by homegrown businesses, some of which will scale and export globally. We will continue to work with community and corporate partners to secure the long-term funding needed to successfully support Canada\u2019s promising young entrepreneurs.\u201d<\/p>\n\n\n\n<p>On behalf of young entrepreneurs across Canada, we thank the federal government for their continued support. Together, we can help build Canada\u2019s economy, one young entrepreneur at a time.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>-30-<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong>About Futurpreneur Canada<\/strong><br>\nSince 1996, Futurpreneur Canada has been the only national, non-profit organization providing resources, financing and mentoring to aspiring business owners aged 18-39. To date, we have supported over 12,000 young entrepreneurs, and helped launch over 10,000 Canadian businesses, which have created an estimated 50,000 jobs. Our internationally recognized mentoring program matches these entrepreneurs with business experts from a network of over 3,000 volunteer mentors. Futurpreneur is a founding member of the&nbsp;<a href=\"http:\/\/www.g20yea.com\/\"><strong>G20 Young Entrepreneurs\u2019 Alliance<\/strong><\/a>, the Canadian member of&nbsp;<a href=\"http:\/\/www.youthbusiness.org\/\"><strong>Youth Business International<\/strong><\/a>&nbsp;and the Canadian host of&nbsp;<a href=\"http:\/\/ca.gew.co\/\"><strong>Global Entrepreneurship Week.<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/futurpreneur.ca\/\"><strong>staging.futurpreneur.ca<\/strong><\/a><br>\nFacebook:&nbsp;<a href=\"https:\/\/www.facebook.com\/futurpreneur\"><strong>Futurpreneur<\/strong><\/a><br>\nTwitter:&nbsp;<a href=\"https:\/\/twitter.com\/futurpreneur\"><strong>@Futurpreneur<\/strong><\/a><\/p>\n\n\n\n<p><strong>For interview opportunities and media inquiries, please contact:<\/strong><br>\nSubagini Sivapatham<br>\nHead of Marketing &amp; Community Experience<br>\nFuturpreneur Canada<br>\nEmail:&nbsp;<a href=\"mailto:ssivapatham@futurpreneur.ca\" target=\"_blank\" rel=\"noopener\">ssivapatham@futurpreneur.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Budget investment highlights the Government\u2019s commitment to building the nation\u2019s economy by supporting the next generation of entrepreneurs \u201cWe know that a strong and inclusive economy is one where young&nbsp;entrepreneurs&nbsp;are well-represented. To this end, we are investing in&nbsp;Futurpreneur, an organization that has helped thousands of young entrepreneurs succeed with mentorship, programming and capital [&hellip;]<\/p>\n","protected":false},"template":"","press_category":[],"class_list":["post-6069","press_release","type-press_release","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release\/6069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release"}],"about":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/types\/press_release"}],"version-history":[{"count":0,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release\/6069\/revisions"}],"wp:attachment":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/media?parent=6069"}],"wp:term":[{"taxonomy":"press_category","embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_category?post=6069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}