If you are under 30 years of age, and thinking about starting your own business, there are government support programs to help you get started.
- An entrepreneurship program for Ontario youth aged 18 to 29.
- Get guidance, mentoring, business expertise and funding to start your own business.
- Applicants must not be attending school full time.
- To qualify for funding of up to $5,000, you need to be able to contribute at least 25 per cent (in cash or in kind) of the grant amount
Strategic Community Entrepreneurship Projects
- An entrepreneurship program for young Ontarians aged 15 to 29
- Get training, resources and money to start your own business
- Applicants must be ineligible for other self-employment programs, such as the Ontario Self-Employment Benefit
Microlending for Women in Ontario
- Get financial literacy training, entrepreneurship mentoring and skills development and life skills support
- Become eligible for a small loan to start your own business
Youth Entrepreneurship Fund (Youth Investment Accelerator Fund)
- Apply for investment capital ($100,000- $250,000) to help your business expand
- Your business must not be beyond the seed capital stage, with revenues under $500,000
- Strong potential to attract follow-on financing
Youth Entrepreneurship Fund (Youth Business Accelerator Program)
- Get $5,000-$20,000 to help grow your innovative tech-sector business
- Access to valuable market intelligence and network support
School of Social Entrepreneurs
- A 6-month fellowship at the Daniels Centre of Learning in Toronto
- Support to help you develop and secure a social venture that can benefit your community (e.g., fair trade products)
- Cost: $1,500 (including course materials and school fees)Scholarships and bursaries available, in some cases
Northern Business Opportunity Program – Small Business Start-Up Projects
- Get money to start a business in Northern Ontario
- NOHFC assistance will be in the form of a conditional contribution and will generally not exceed 50% of eligible project costs up to a maximum of $200,000.
- Get start-up money to kick-off a new summer business
- Up to $1,500 up front to help with start-up costs
- Up to $1,500 when you successfully complete the program requirements
- Receive advice and mentorship from local business leaders to help get the business up and running