| The government of Canada is promoting youth | | | | in your venture and also ensure repayment of the |
| entrepreneurship by providing support for young | | | | business loan. Although, the grants process is not |
| business owners. Specifically, you can avail of | | | | simple, it would be very worthwhile because your |
| Canadian government grants in the form of loans, | | | | enterprise will surely benefit from it. The system will |
| start-up support and business mentoring. All you | | | | ensure that the loan will not be wasted and will |
| have to do is to seek the right institution that has a | | | | ensure also that everyone who participates in the |
| grant program for young entrepreneurs. You should | | | | program can achieve success. |
| find out if your proposed or existing business | | | | Before you can avail of financing or Canadian |
| enterprise can qualify for the grant or financing. If | | | | government grants from CYBF, you need to |
| you are qualified, then you can start participating in | | | | participate in its pre-launch coaching program. This |
| the program in order to get the needed business | | | | coaching program is free and the in-residence |
| support and financing. | | | | Entrepreneur of the Foundation will provide guidance |
| If you are 18 to 34 years old, have a novel business | | | | for you on how to create a solid business plan and |
| idea and plan, and passionate about starting your | | | | how to set a business and financing strategy. This |
| own company, then you can try to avail Canadian | | | | is a mandatory step to ensure your business |
| government grants from Canadian Youth Business | | | | preparedness. Aside from this, you will have access |
| Foundation. The CYBF is a federal organization and | | | | to several business resources and tools provided by |
| a charity group which was established for the benefit | | | | the CYBF. By participating in the program, you can |
| of young entrepreneurs like you. It offers business | | | | now apply for business loans of up to $15,000 for |
| mentoring services and will provide a coach that will | | | | start up. An additional fund of $15,000 can also be |
| help you develop a sound business strategy. Most | | | | acquired through the facilities of Business |
| importantly, this Canadian federal organization | | | | Development Bank of Canada. And if you become |
| provides business financing in the form of loans of up | | | | a long time member of CYBF, you can avail of |
| to $15,000 for start up needs. | | | | $10,000 expansion grant. |
| However, do not mistake that you can easily acquire | | | | To ensure that the financial grant will be put to |
| Canadian government grants through simple loans | | | | productive use, the government of Canada through |
| application. You can not play game with the system | | | | the Canadian Youth Business Foundation offers |
| especially if you are getting a grant from the | | | | business mentoring for your existing enterprise. You |
| Canadian Youth Business Foundation. There are | | | | will have a dedicated mentor for two years because |
| processes and procedures that you need to fulfill in | | | | this is the critical phase of every start up. The |
| order to qualify for the grant. Specifically, the CYBF | | | | mentoring service is part of the entire strategy to |
| has a four step participation process that you have | | | | ensure the success of young Canadian entrepreneurs |
| to undergo. This is to ensure that you will succeed | | | | like you. |