Administered by Government of Canada · Last verified: July 2026
A government-backed startup loan and mentorship package for entrepreneurs who recently moved to Canada and have little or no Canadian credit history. Futurpreneur lends up to $12,500 and BDC matches with up to another $12,500, for a combined $25,000 of equity-free financing. Applicants also get up to two years of one-on-one mentorship plus business planning tools. The program runs on a federal commitment funded through at least 2029.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityFuturpreneur Newcomer Startup Program is generally open to incorporated, self-employed, partnership businesses, in any province or territory, under 1 years old. Confirm the full criteria on the official program page before applying.
The estimated value is Up to $25,000 in loans plus two years of mentorship. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm you are 18 to 39 and have lived in Canada under 60 months 2. Build your business plan and cash flow using Futurpreneur's free tools 3. Sign up on the Futurpreneur site to connect with a team member 4. Submit your full application before your 40th birthday