Futurpreneur Canada Core Entrepreneur Startup Program for Students
Get up to $75,000 in collateral-free startup financing to launch your business, paired with two years of mentorship. This is a repayable loan, not a grant, so you will pay back the principal plus interest.
“Futurpreneur’s Core Startup Program supports young Canadian entrepreneurs with up to $75,000 in accessible financing, mentoring, and tools to help you succeed.”
From the official program page
Before you spend any money
Interest-only payments are required in the first year; confirm exact disbursement timing on the official page.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are between 18 and 39 years old and a Canadian citizen or permanent resident.
- You are launching a new venture or running a business with less than two years of significant sales.
- You want financing without personal collateral and value structured mentorship alongside the funds.
Probably not the right fit if
- You are 40 years or older, as this program is strictly for entrepreneurs aged 18 to 39.
- Your business has been operating with significant sales for more than two years.
- You cannot commit to submitting a detailed business plan and two-year financial forecasts.
How much you'd realistically get
Up to $75,000 total (up to $25,000 from Futurpreneur plus up to $50,000 from BDC).
What may be supported
- Launching a new business
- Growing an early-stage business with less than two years of sales
- General startup operating costs and equipment
How applying works
Effort: moderateYou must prepare a formal business plan and detailed two-year financial forecasts before applying.
- 01Register at futurpreneur.ca and create an account.
- 02Prepare a completed business plan and two-year monthly financial forecasts.
- 03Submit your application online along with your government ID.
- 04If approved, receive loan disbursement and be matched with a volunteer mentor.
Who to ask: Apply or ask questions through futurpreneur.ca.
Documents commonly required
- Completed business plan
- Two-year monthly financial forecasts
- Government ID (proof of citizenship or permanent residency)
What to know before you count on it
- This is a repayable loan, not a grant; you must repay the principal plus interest.
- The official page does not list the interest rate. Ask Futurpreneur before you apply.
- You must submit a completed business plan and two-year monthly financial forecasts to qualify.
- Mentorship is mandatory and involves about 3-5 hours per month for up to two years.
What are your odds?
Approval depends on the viability of your business plan and your ability to service the debt; mentorship matching is standard but loan approval is not guaranteed.
Frequently asked questions
Is this money free?
No. This is a loan that must be repaid with interest. The official page does not list the interest rate, so ask Futurpreneur.
Do I need collateral?
No. The program provides collateral-free financing.
Can I apply if I am a student?
Yes, if you meet the age and residency criteria and are launching or running an early-stage business.
How much mentorship is required?
You are paired with a volunteer mentor for up to two years, typically involving 3-5 hours of contact per month.
What you can combine it with
This program co-lends with BDC; check if you are eligible for other BDC products separately.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.