Funding Roadshow 2014: The Canadian Youth Business Foundation (Views: 3754)
Tue, 04 Mar 2014
After last year’s resounding success, the 2014 Funding Roadshow opens its 10-city, cross-Canada tour in Toronto on April 11th. The 2014 Funding Roadshow is designed to better educate entrepreneurs on funding opportunities as well as facilitate connections between funders and entrepreneurs. Fundica is proud to announce the Canadian Youth Business Foundation (CYBF) on board as a partner.
True to its name, CYBF focuses on helping young entrepreneurs from 18 to 39 years of age start and run successful businesses. The Canadian Youth Business Foundation invites young entrepreneurs to check out its various programs in addition to their mentoring and networking services made available for entrepreneurs’ continued success. Perusing the six programs offered by the CYBF, entrepreneurs will be sure to discover at least one fit that can help launch their business idea off the ground into solid business plans.
Among the six programs, CYBF’s flagship Start-up Program is designed to help young entrepreneurs get their businesses off the ground onto a solid foundation. Key to a successful start-up is having a well-prepared business plan, and this is often the first hurdle that young entrepreneurs must face. A valuable resource provided by CYBF is its Business Plan Writer, a dynamic, interactive tool that simplifies the process of creating a well-structured business plan and that comes with plenty of examples, guides, and templates.
Through professional mentoring, the Start-up Program also allows entrepreneurs to benefit from the experience, advice, and guidance of hand-matched business professionals. Of course, financing is almost always a concern when launching a new business, so CYBF’s Start-up Program supports young entrepreneurs with low-interest financing of up to $45,000. Additional resources are made available through networking, entrepreneurs-in-residence, and community partners.
Spin Master Innovation Fund & Expansion Program
For innovative entrepreneurs who are launching or building exciting start-ups with national and international expansion potential, the answer may be CYBF’s Spin Master Innovation Fund, while businesses that have already been operating for 36 to 60 months may be eligible for another program known as the Expansion Program.
Welcoming young immigrants who have been in Canada for less than 60 months, CYBF has created the Newcomer Program. In addition to providing start-up resources for perfecting a business plan, and financing even for newcomers who have not yet established Canadian credit history, this program addresses the need for understanding Canadian business customs and overcoming language and cultural challenges.
moMENTum & Prince’s Charities Canada Programs
Rounding off CYBF’s portfolio of programs is its moMENTum program for entrepreneurs who do not require financing, but would benefit from working with a one-on-one business mentor. Another program, The Prince’s Charities Canada Program is available for recently retired and transitioning Canadian Forces members who are interested in starting a business.
About CYBF
CYBF is dedicated to growing Canada’s economy by helping young entrepreneurs achieve business success. One of its most encouraging features is to provide pre-launch coaching, business resources, start-up financing, and mentoring based on character rather than on collateral. Since it was established in 1996, the CYBF has invested in more than 5,600 young and emerging entrepreneurs across Canada whose businesses have contributed to the creation of over 23,000 new jobs, generated $163.6 million in tax revenue, and produced hundreds of millions of dollars in sales and export revenue.
CYBF’s partnership with Fundica in making the 2014 Funding Roadshow possible is an important step towards fulfilling its mission of encouraging and assisting aspiring young entrepreneurs in turning their great ideas into thriving businesses that not only expand their skills in an exciting and rewarding way, but also contribute to the creation of new jobs in their communities and the well- and the economic future of Canada.
By Stephen Hanley
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