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If you are under 30 and have an entrepreneurial spirit, Ontario Government has programs and tools to help you start your own business. Below, there is a list of government support funds to help you get started.
Starter Company
- An entrepreneurship program for Ontario youth aged 18 to 29
- Get guidance, mentoring, business expertise and funding to start your own business
- Applicants must not be attending school full time
- To qualify for funding of up to $5,000, you need to be able to contribute at least 25 per cent (in cash or in kind) of the grant amount
Strategic Community Entrepreneurship Projects
- An entrepreneurship program for young Ontarians aged 15 to 29
- Get training, resources and money to start your own business
- Applicants must be ineligible for other self-employment programs, such as the Ontario Self-Employment Benefit
Youth Entrepreneurship Fund (Youth Business Accelerator Program)
- Get $5,000-$20,000 to help grow your innovative tech-sector business
- Access to valuable market intelligence and network support
Northern Business Opportunity Program – Small Business Start-Up Projects
- Get money to start a business in Northern Ontario
- NOHFC assistance will be in the form of a conditional contribution and will generally not exceed 50% of eligible project costs up to a maximum of $200,000.
Summer Company
- Get start-up money to kick-off a new summer business
- Up to $1,500 up front to help with start-up costs
- Up to $1,500 when you successfully complete the program requirements
- Receive advice and mentorship from local business leaders to help get the business up and running
Sources: The Government of Canada, The Government of Ontario
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