Canadian Youth Business Foundation - Canada's Entrepreneur Gateway
Program Responsibility:
The Canadian Youth Business Foundation (CYBF), a national charitable not-for-profit organization.
Program Description:
A national charity, CYBF is dedicated to growing our nation's economy one young entrepreneur at a time. Looking at character not collateral, CYBF provides pre-launch coaching, business resources, start-up financing and mentoring, to help launch and sustain successful entrepreneurial businesses.
Eligibility Criteria:
Qualifying entrepreneur must be/have:
- 18 - 34 years old
- Eligible to work in Canada
- New full-time business start-up
- Viable business plan
- Must work with a business mentor for a minimum of two years
Funding:
CYBF provides start-up financing of up to $15,000, with flexible three to five year repayment schedules, and no principal payments in the first year. Furthermore, the Business Development Bank of Canada teamed up with CYBF to provide entrepreneurs with up to an additional $15,000 to get their businesses off the ground. Expansion financing of up to $10,000 is offered for existing CYBF entrepreneurs.
Program Category:
Financing, Entrepreneurship
Contact Information:
Program guidelines and application form can be accessed at: www.cybf.ca.
The program is delivered coast to coast through a national network of community partners and volunteers including business mentors. Click here to contact your local community partner.
Last Reviewed:
March 2010/AW
