Government funds to start a business for youth (under 30)

Government funds to start a business for youth under 30
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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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