An $14 million investment is heading towards Futurpreneur Canada from the Government of Canada. Prime Minister Stephen Harper announced his government is committed to building the next generation of Canadian businesses and entrepreneurs and will split the funds over 2-years.
“Young entrepreneurs have the desire and potential to fuel the job creation and growth Canada’s economy needs,” said Julia Deans, CEO, Futurpreneur Canada. “With this support we will equip thousands of young people with the skills, resources and confidence they need to launch and grow their own businesses. We’re encouraged by this investment and look forward to working with our other partners to help even more entrepreneurs.”
It’s estimated that this investment will assist 2,700 young entrepreneurs build their business and potentially create over 10,500 jobs. Futurpreneur Canada, previously known as the Canadian Youth Business Foundation (CYBF), started in 1996 and has invested in 7,500 entrepreneurs who’ve created approximately 30,000 jobs and garnered $217,000,000 in tax revenues.
“Today’s young entrepreneurs are essential to tomorrow’s economy,” said Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture). “This investment will help Futurpreneur build on their enviable record of providing mentorship and business support to Canada’s young entrepreneurs.”