Kingston, Canada

Entrepreneurship Centre / Young Entrepreneurs / Canadian Youth Business Foundation

Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national charity providing pre-launch coaching, business resources, start-up financing and mentoring to help you start your own successful business. If you are 18-34 and have a business idea...they can help!

Entrepreneurs need money - that's no secret. CYBF lends young entrepreneurs up to $15,000 for their start-up. Plus additional financing may be available through CYBF's partnership with the Business Development Bank of Canada (BDC), where you can get up to an additional $15,000. That's not it. CYBF also has an expansion program, which offers up to $10,000. That's a total of $40,000 possibly available for your new venture. CYBF supports businesses of all kinds - skilled trades, technology, retail, services, and everything in between. CYBF does not require security for its loans - They lend on character and a great business plan.

Eligibility Requirements:

Between 18-34 years old
Eligible to work in Canada (work permit holders not eligible)
Produces a complete and viable business plan
Has been in business, fully operating, for less than 12 months
Lives or opens the business in the community which is offering the CYBF program
Has some training / experience related to their business idea
Work with qualified business mentor for a period of two years
Has a business that creates full-time sustainable employment for the applicant
Must hold at least 51% voting share in the business (if a partnership)
Not a full-time student
Loan proceeds may NOT be used for the refinancing of existing debt

The CYBF Applicant Process

CYBF-BDC Financing
In partnership with the Business Development Bank of Canada (BDC), CYBF offers further options for financing. Please click here for more information on the CYBF-BDC Start-up Financing Program.

How to Get Started

For more information contact or to set-up an appointment contact:
entrepreneurship@kingstoncanada.com,
or phone 613-544-2725 ext. 7222

For more information, visit the CYBF web site at http://www.cybf.ca.

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