Open, closes Dec 3, 2026Wage subsidy
Canada Summer Jobs 2027
Up to 50% of the provincial adult minimum hourly wage for private and public sector employers (up to 100% for not-for-profits)
Employment and Social Development CanadaAll of Canada
LoanFederal program
Futurpreneur Startup Program
Futurpreneur lends to Canadians aged 18 to 39 who are starting or buying a business, and pairs them with a mentor for up to 2 years. The loan comes in two parts, one from Futurpreneur and one from BDC. Both are repaid with interest.
- Amount
- Up to $75,000 in total: up to $25,000 from Futurpreneur and up to $50,000 from BDC
- Status
- Year-roundOngoing. Futurpreneur says it contacts applicants within 5 to 10 business days.
- Type
- Start-up loan plus mentoring (repaid)
- Run by
- Futurpreneur Canada, with BDC
- Where
- All of Canada
- Checked on
- Nov 13, 2026
Who it's for
- Aged 18 to 39 when you submit your application
- Canadian citizen or permanent resident
- Training or experience in the field of your business
- Pre-startup (first sales in the next few months) or startup (less than a year of significant sales)
Not for
- Agents or contractors working for an existing business
- Businesses past the start-up stage
What it covers
- Starting or buying a business
- Up to 2 years of one-on-one mentoring with a matched mentor
How to apply
- Sign up on the Futurpreneur site to be contacted by a team member, or
- If you already have a complete business plan and 24-month cash flow, apply on the MyFP portal.
- Futurpreneur says it gets back to you within 5 to 10 business days.
Good to know
- Both parts are loans repaid over 5 years, with interest-only payments in year one.
- Futurpreneur part: RBC prime plus 3% (capped at 9% if prime goes over 6%), a 1% loan management fee and no prepayment penalty.
- BDC part: BDC's floating base rate plus 1.65%, a $50 processing fee and a prepayment indemnity of 3 months' interest (15% of the balance can be prepaid once a year without it).
- Mentoring comes with the loan. It isn't offered on its own.
Questions
Is it $75,000 from Futurpreneur plus $50,000 from BDC?
No. The program page says up to $75,000 in total, made up of up to $25,000 from Futurpreneur and up to $50,000 from BDC.
I'm 40. Can I apply?
No. The page says you must be between 18 and 39 when you submit your application.
Can I get just the mentoring?
No. Futurpreneur says you need to take the financing to be matched with a mentor.