Programs & Resources for Young Entrepreneurs

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1 Programs & Resources for Young Entrepreneurs

2 Table of Contents Program Page IGNITE Entrepreneurship Program High school students the opportunity to develop their entrepreneurial skills and learn how to start their own business. 2 Summer Company Hands- on coaching and mentoring to help students start their own summer company. 3 Starter Company Funding and professional mentoring provided to start and expand a business in Ontario. 4 Futurpreneur Coaching, business resources, start-up financing and mentoring to empower young entrepreneurs. Other programs include the : Start-Up Program, Newcomer Program, Spin Master Innovation Fund and momentum. 5-6 Grand Erie Business Centre Serving Haldimand County, the Township of West Lincoln and surrounding areas for more than 25 years, Grand Erie provides professional consultation, networking, and access to capital for entrepreneurs of all ages. 7 1

3 Ignite Entrepreneurship Program This program is designed to provide High School students with the opportunity to develop their entrepreneur skills and ultimately start their own business. The program will be a combination of online learning, workshops and hands on activities. Students will also receive hands on coaching and mentoring to assist in making their business successful. Eligibility: Must be enrolled at Cayuga, Dunnville, Smithville Christian or West Lincoln Secondary School; Grade 9 - Grade 12 ( if under 18 years of age a parent / guardian needs to sign the application) Financial Information: No Financial support available through this program. Contact: Grand Erie Business Centre 11 Argyle St. North, Suite 207 Caledonia, ON N3W 1B6 Phone: (905) Toll Free:

4 Summer Company Program An opportunity for enterprising students to start and run their own summer business. Students receive hands on coaching and mentoring from local community business leaders to aid them in the making their summer business a success. Eligibility: Must be attending high school, college or university in Ontario and live in Ontario; Must be a Canadian citizen of permanent resident; Between ages 15-29; Cannot be already running a business; Cannot work more than 12 hours a week at another job during the program; Must be a student returning to school after the program ends. Financial Information: If application approved, students are eligible to receive up to $1,500 to put towards the business startup costs. Upon successful completion of the program, students may receive up to$1,500. Contact: Business Resource Centre St. Catharines Enterprise Centre 1 Market Square, Suite St. Paul St. 3 rd Floor, Suite A301 Phone: (519) Phone: (905)

5 Starter Company Program Young adults between ages of can receive a grant and professional mentoring to start and expand a business in Ontario. Receive one-on-one guidance, access to business workshops on topics from writing a business plan and budgeting to executing a marketing campaign, and experience running a business. Eligibility: Ontario resident; Between ages 18-29; Not attending school full time. Financial Information: Funding is available of up to $5,000 for starting and expanding a business. To qualify for full funding, applicants need to be able to contribute at least 25% (cash or in- kind) of the grant amount. Contact: Business Resource Centre St. Catharines Enterprise Centre 1 Market Square, Suite St. Paul St. 3 rd Floor, Suite A301 Brantford, N3T 6C8 St. Catharines, ON L2N 7L2 Phone: (519) Phone: (905)

6 Futurpreneur Canada Futurpreneur Canada (formerly The Canadian Youth Business Foundation) champions youth entrepreneurship across Canada by providing pre- and post-launch coaching, business resources, start-up financing and mentoring to empower young Canadians, aged 18 to 34, to start and grow a business that contributes to sustainable economic development in their communities. Start-up Program This program provides young entrepreneurs with start-up resources, mentoring, financing, and the expertise and support needed to help emerging entrepreneurs grow a successful business. The Start-Up program provides the vital tools and guidance required for long term success. Eligibility: Between ages Canadian citizen or a permanent resident of Canada; If a full-time student, must be in graduating year. Financial Information: Financing of up to $45,000; Futurpreneur Financing Terms: Up to $15,000 with a term over five years Interest charged at CIBC s prime rate plus 3% Interest-only payments for the first year 5

7 Once you are approved for funding from Futurpreneur Canada, you may also receive additional financing up to twice the initial CYBF loan offer. BDC Loan Terms: Maximum of $30,000 with a five year term matching Futurpreneur Canada amortization period Applicant(s) must show minimum investment of 10% of total value of project Contact: Futurpreneur Canada 133 Richmond Street West, Suite 700 Toronto ON, M5H 2L3 Phone: Other Futurpreneur Programs Newcomer Program Are you new to Canada? This Program gives you all the benefits of Futurpreneur Canada s Start-up Program and provides specialized resources and support to better understand Canadian business customs. Spin Master Innovation Fund This program offers a unique opportunity for innovative entrepreneurs that are launching or building exciting start-ups with national / international expansion potential. momentum Futurpreneur Canada s momentum Program offers young entrepreneurs, who do not need financing, the exclusive opportunity 2 to work one-on-one with a business mentor through a limited time offer. For more information, visit 6

8 Helping Business Succeed since 1989 For over 25 years Grand Erie Business Centre (GEBC) has been serving business owners, both young and old, in Haldimand County, the Township of West Lincoln, and surrounding areas. Grand Erie Business Centre provides the following services for business owners of all ages: Professional consultation. GEBC business consultants will help improve your business management, marketing, and accounting skills through consultation, support and advice. Access to Capital- GEBC will ensure that you find the financing that is right for your business. They will coach you on obtaining bank support, or network to other private lenders. If these avenues are not available, GEBC will consider loaning you up to $250,000. Networking- Our experience working with both the business community and government in Haldimand County and West Lincoln are an invaluable asset to you while you grow your business. Through our network we can connect you with the right people and resources to help your business thrive. Contact: Grand Erie Business Centre 11 Argyle St. North, Suite 207 Caledonia, ON N3W 1B6 Phone: (905) Toll Free:

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