The Ontario government is investing an additional $2 million in Futurpreneur Canada to help young entrepreneurs develop and grow their businesses. The funding will support 320 individuals aged 18 to 39 with access to collateral-free loans, mentorship, and in-person programming.
Futurpreneur Canada is a national not-for-profit organization that helps young business owners launch and expand their ventures. Since 2021, Ontario’s funding has helped nearly 1,200 businesses start and grow, creating more than 5,000 jobs, including in Northern, rural, and remote communities.
The province says young entrepreneurs play a critical role in strengthening the economy, creating jobs, and supporting thriving communities. Ontario’s investment builds on other supports for small businesses, including Starter Company Plus, Summer Company, the Digitalization Competence Centre, the Retail Modernization Project Grant, and advisory services through Small Business Enterprise Centres.
“The $2-million investment in Futurpreneur empowers young entrepreneurs to seize opportunities, create jobs, and foster innovation across the province,” said Drew Dilkens, Mayor of Windsor. Other local leaders, including MPPs Andrew Dowie and Anthony Leardi, note the importance of supporting youth in starting businesses that strengthen communities and the economy.
Entrepreneurs interested in applying can visit Futurpreneur Canada’s website to access financing, mentorship, and support programs. Ontario encourages young business owners to take advantage of these resources to build sustainable businesses and contribute to a resilient provincial economy.
(Written by: Joseph Goden)
