Toronto’s Futurpreneur Canada, formerly the Canadian Youth Business Foundation (CYBF), has announced its teamed up with Propel ICT, a mentorship based “accelerator” based in Moncton to provide financing and support to young entrepreneurs in Atlantic Canada.
The goal of the partnership is to assist early stage companies by giving them a chance to receive up to $15,000 in financing from Futurpreneur Canada, and also educational support from Propel ICT’s program.
“Propel ICT is a natural partner for Futurpreneur Canada, as it attracts some of the most ambitious entrepreneurs in the region to its intensive accelerator program and we share the same goal of supporting early-stage entrepreneurs to launch successful businesses.” said Nicole Osmond, Atlantic Canada Regional Director, Futurpreneur Canada. “We look forward to working with Propel ICT and together supporting some of the brightest young entrepreneurs in Atlantic Canada.
“Futurpreneur Canada shares Propel ICT’s belief that a more entrepreneurial Canada is a stronger Canada, and this partnership will help us bring even more financing to the young entrepreneurs who are driving our economy,” said Gary Dinn, CEO, Propel ICT. “We are excited to work with Futurpreneur, together our extensive community partner network will offer the best business accelerator experience and founder support to Atlantic Canadian entrepreneurs”.
Futurpreneur Canada is supported by both public and private funding, including from various government level’s of Canada and corporate partners. Propel ICT began in New Brunswick and has now expanded to include all of Atlantic Canada. Since 2011, Propel ICT has assisted 49 startups get off the ground. Propel ICT also recently landed $2.9 million in funding through the Canada Accelerator and Incubator Program (CAIP).