Find Funding for your Company: Where to Start and Next Steps
If You are Returning to School Next Year Check out
Summer Company: Up to $3,000 is available for Ontario students returning to school ages 15-29.
N.B. app and tech businesses must be market ready and must generate sales by the end of the summer
Durham College and UOIT students access info and contacts here: Summer Company
Trent University and Fleming College students access info and contacts here: Summer Company
IF You are 18-29
There is the potential to access over $100,000 with a $1,250 investment and some sales.
Step 1: Starter Company: If you have $1,250 to invest you may be eligible for $5,000 if you are between ages 18-29 and are not returning to school.
Durham Region: access info and contacts here: Starter Company
Peterborough: access info and contacts here: Starter Company
Step 2: Futurpreneur: If you are 18 - 39....Up to $45,000 may be available from Futurpreneur. "We offer collateral-free loans at better interest rates than most banks. But we can’t do it alone. We’re able to finance up to $15,000 per business. If you need more money, BDC may provide up to $30,000."
For more information on Futurpreneur please click here.
Step 3: If you are between the ages 18-29...The Ontario Centres of Excellence Smart Start Seed Fund has up to $60,000 available. Proof of market traction and a minimum of 50% matching cash (outside money) is required.
N. B. Steps 2 and 3 may be done at the same time and you may still be in school to access these 2 programs.
"Under the updated agreement, applicants to OCE’s SmartStart Seed Fund (SmartStart) program who submit a complete and eligible application that is externally reviewed (as per Section D) have the option to be fast-tracked into Futurpreneur’s program application stream."
Other Funding Opportunities
BACD has an excellent list of funding opportunities organized into the following categories: Financing Options, Government Grant Information, and Other Grant/Funding Information. Click here for this resource.