As it turns out, most Canadian government grants and repayable funding programs are targeted towards small to mid-sized enterprises, which excludes entrepreneurs and young startup businesses. Fortunately, there are a variety of other resources available to help startups build a business foundation and grow.
Each startup and small business that asks Mentor Works about government funding programs can typically be benefited in four ways. By accessing these range of resources, businesses will be well on their way to receiving their first government funding grant or loan.
1. Mentor Works’ Funding Insider Membership
Mentor Works Ltd. offers a comprehensive government funding and resource membership offering the most up-to-date news and information on the various support services available to startups across Canada (including startup resources #2-4). This membership includes:
- Cash Flow Planning and Funding Webinar: Bernadeen McLeod, President and Owner of Mentor Works Ltd., will teach you about the available funding programs and support services available to your business, complete with you real life examples and scenarios from successful small businesses and startups.
- Guide to Funding & Cash Flow Planning for Start-ups & Small Businesses: A complete guide to Mentor Works’ top loans, grants, subsidies, tax credits, tools, and support organizations for service-based companies and start-ups. This interactive document will direct you to the most valuable sources of information and funding.
- Funding Updates & News: We will also keep you up-to-date on the latest funding news and resources related to your industry via email and social media messages, so be sure to white list @mentorworks.ca in your email client to stay informed.
Become a Funding Insider today be clicking the button below (one time membership fee applies):
2. Futurpreneur: Youth Start-up Resources, Mentoring, and Financing
Futurpreneur Canada is a business support service that has been fueling the entrepreneurial passions of Canada’s young enterprise for nearly two decades. They are the only national, non-proﬁt organization that provides ﬁnancing ($15,000 + $30,000 from BDC), mentoring and support tools to aspiring business owners aged 18-39. For more information regarding whether the Futurpreneur Program is a fit for your business contact Sarah Lenarcic (firstname.lastname@example.org) to be connected to your local representative.
3. Research Innovation Centres (RICs) & Ontario Network of Entrepreneurs (ONE) Programs/Services
The full suite of Ontario Network of Entrepreneurs (ONE) programs and services can be accessed by contacting one of the 14 Research Innovation Centres (RICs) located throughout the province. These resources are available to entrepreneurs and young companies looking to start, grow, and finance their ideas. Staff at these RICs include entrepreneurs-in-residence, specialists and analysts with years of business experience who are well-positioned to deliver ONE programs and services. Please visit ONE’s website and fill out the form on their homepage to locate your nearest RIC; they will provide you with your local RIC’s contact information. Please reach out to your local RIC directly to review your market opportunities and goals.
4. Employment Ontario Employment Services
Employment Ontario has Employment Services Centres across the province, who provide employment subsidies, matchmaking, and other HR resources to Ontario businesses directly, including the wage subsidies, training initiatives, and grants to support hiring summer students. To get started, please identify and contact your local Employment Services Centre via the Find Employment & Training Services link on the Employment Ontario homepage.
Also, if you are looking for office space in the Downtown Toronto area (on King Street West), an initiative supported by the City of Toronto called BrightLane might be of interest to you. Please feel free to contact Susy Renzi (email@example.com) or George Horhota (firstname.lastname@example.org) for more information.