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Futurpreneur is a nonprofit organization based out of Canada. In addition to providing startup funding to entrepreneurs, they also have a ton useful business resources. If you are a Canadian entrepreneur, you may want to take advantages of some of these valuable tools. If so, read below to find out all about Futurpreneur and startup services they provide to help you avoid the most common causes of why startups fail.
CYBF
Futurpreneur is the new name given to the former CYBF organization. CYBF, or Canadian Youth Business Foundation, has been growing Canada’s economy one young entrepreneur at a time for the last twenty years. This organization helps young entrepreneurs form an LLC online painlessly. The organization decided to change their name in response to the rise of tech startups. However, Futurpreneur Canada still provides the same great startup resources they always did as CYBF.
moMENTum
moMENTum is a Futurpreneur mentorship program supported by BDC, the Business Development Bank of Canada. This six month program pairs young entrepreneurs between the ages of 18 and 39 with experienced mentors. The Futurpreneur mentors help to guide the young men and women through the beginning stages of starting a business. They can help you navigate through tricky business transactions, like a sale lease back. These high quality business mentors can help you build your network while providing you a crash course in business ownership. This is an excellent resource to take a look at.
Business Plan Writer
The Futurpreneur Business Plan Writer is another incredible resource provided to entrepreneurs in Canada. You can easily create a business plan using this service. All you have to do is create an account, log in and fill out the required fields. That is all it takes to have a completed business plan in minutes, even for a complicated import export business plan. If you have not written your business plan yet, you should definitely consider using the Business Plan Writer tool offered by Futurpreneur.
Startup Program
Futurpreneur also offers the Startup Program to eligible entrepreneurs looking for business funding. The Futurpreneur Startup Program provides up to $15,000 startup funding in the form of a business loan to start or buy a business. This is definitely better than trying to find a business loan with bad credit. To qualify, you must meet three requirements. Entrepreneurs must create a business plan for a business that will provide full time employment, work with a mentor for two years and own at least 51% of the business. If you meet these requirements and are looking for business loans, consider Futurepreneur’s Startup Program powered by CEED, the Centre for Entrepreneurship Education and Development.
Futurpreneur Benefits
Becoming a member of Futurpreneur has a ton of benefits for young entrepreneurs just starting out. The benefits of this program go beyond just helping you secure the mezzanine funds you need to get your business off the ground. The program will help you gain access to how-to guides and templates to make starting your own business much easier. Futurpreneur membership will also help you build your business network with opportunities to attend workshops and meet other young entrepreneurs. You will also gain the support of local partners that can provide you with valuable small business insight and resources. These are certainly considerable benefits for any young entrepreneur to consider when deciding whether or not to become a part of the Futurpreneur program.
Federal Funding
Entrepreneurs should be happy to hear that funding has been renewed for the Futurpreneur Canada program in the proposed 2019 Canadian federal budget. In the latest federal budget, Canada renewed its pledge to help new, young Canadian entrepreneurs with increased access to funding , executive MBA programs and mentoring programs. Canada pledged $38 million towards the Futurpreneur Canada program over the next five years. This partnership hopes to strengthen support for young Canadian entrepreneurs in the early stages of startup development. For entrepreneurs like yourself, this means an even better chance at success. Entrepreneurs in Canada now have access to more federal startup funding and mentoring than ever before thanks to the 2019 allocation of federal funds.
If you are a young, Canadian entrepreneur hoping to start an online business or brick and mortar company, the resources provided by Futurpreneur, formerly CYBF, are an incredible opportunity to take advantage of. In addition to providing startup funding and business loans, the mentorship programs and business plan writing tools offered can help simplify the process of starting a business. Consider using one, or all, of the Futurpreneur services mentioned above to better prepare yourself and your future business for success.
