Start a company: young adults
If you are between 18-29 years old, you can get up to $5,000 and professional mentoring to start and expand a business in Ontario.
How it works
Through a program called Starter Company, you can get:
- one-on-one guidance from a Small Business Enterprise Centre advisor
- mentoring with a local successful entrepreneur
- access to business workshops on topics from writing a business plan and budgeting, to executing a marketing campaign
- funding of up to $5,000
- experience running a business that will better position you to obtain more traditional financing, such as a bank loan
Who is eligible
You can apply if you're:
- an Ontario resident aged 18 to 29
- not attending school full time
To qualify for funding of up to $5,000, you need to be able to contribute at least 25% (in cash or in kind) of the grant amount.
If you are on social assistance (Ontario Works or Ontario Disability Support Program) you can still apply to Starter Company. Payments from the program may be exempt as income and assets under social assistance, so your monthly social assistance payment may not be affected.
How to apply
You can apply at any time.
You need to apply through a Small Business Enterprise Centre.
You can set up an appointment to discuss the application process or get more information through your local centre.