Ontario’s Young Entrepreneurs can access funding program
Aug 30, 2025
Global Korean Post
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Small businesses are critical to the province’s economy, employing nearly two million people and making up 98 per cent of all Ontario businesses. There are nearly 500,000 small businesses in Ontario.
The Ontario government is investing an additional $2 million in Futurpreneur Canada to help more young people develop and launch businesses and strengthen Ontario’s economy in the face of U.S. tariffs and economic uncertainty. The funding will support 320 young entrepreneurs between the ages of 18 to 39 with access to financing, mentorship and support to start and grow successful businesses.
In 2024–25, Futurpreneur supported 351 businesses in Ontario, including 59 in Northern, rural, and remote communities.
Entrepreneurs can be eligible for collateral-free loan financing up to $25,000, which can be matched with up to $50,000 loan financing from the Business Development Bank of Canada for a total of up to $75,000.
Ontario’s Small Business Enterprise Centres (SBECs) provide advisory services, training, and programs to help entrepreneurs launch and grow businesses. The province’s network of SBECs will advise and refer young entrepreneurs to the Futurpreneur program.
In 2024–25, Ontario’s 47 SBECs helped start over 8,000 businesses, expand 2,700 and create more than 15,800 jobs.
by Global Korean Post (source: Ontario government)
