http://www.hiltonresortfeesettlement.com Tue, 31 Jan 2012 19:35:53 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://www.hiltonresortfeesettlement.com/2007/04/canadian-government-grants-for-young-entrepreneurs/ http://www.hiltonresortfeesettlement.com/2007/04/canadian-government-grants-for-young-entrepreneurs/#comments Tue, 24 Apr 2007 05:37:51 +0000 admin http://hiltonresortfeesettlement.com/2007/04/canadian-government-grants-for-young-entrepreneurs/


The government of Canada is promoting youth entrepreneurship by providing support for young business owners.  Specifically, you can avail of Canadian government grants in the form of loans, start-up support and business mentoring.  All you have to do is to seek the right institution that has a grant program for young entrepreneurs.  You should find out if your proposed or existing business enterprise can qualify for the grant or financing.  If you are qualified, then you can start participating in the program in order to get the needed business support and financing.   

If you are 18 to 34 years old, have a novel business idea and plan, and passionate about starting your own company, then you can try to avail Canadian government grants from Canadian Youth Business Foundation.  The CYBF is a federal organization and a charity group which was established for the benefit of young entrepreneurs like you.  It offers business mentoring services and will provide a coach that will help you develop a sound business strategy.  Most importantly, this Canadian federal organization provides business financing in the form of loans of up to $15,000 for start up needs.  

However, do not mistake that you can easily acquire Canadian government grants through simple loans application.  You can not play game with the system especially if you are getting a grant from the Canadian Youth Business Foundation.  There are processes and procedures that you need to fulfill in order to qualify for the grant.  Specifically, the CYBF has a four step participation process that you have to undergo.  This is to ensure that you will succeed in your venture and also ensure repayment of the business loan.  Although, the grants process is not simple, it would be very worthwhile because your enterprise will surely benefit from it.  The system will ensure that the loan will not be wasted and will ensure also that everyone who participates in the program can achieve success.  

Before you can avail of financing or Canadian government grants from CYBF, you need to participate in its pre-launch coaching program.  This coaching program is free and the in-residence Entrepreneur of the Foundation will provide guidance for you on how to create a solid business plan and how to set a business and financing strategy.  This is a mandatory step to ensure your business preparedness.  Aside from this, you will have access to several business resources and tools provided by the CYBF. By participating in the program, you can now apply for business loans of up to $15,000 for start up.  An additional fund of $15,000 can also be acquired through the facilities of Business Development Bank of Canada.  And if you become a long time member of CYBF, you can avail of $10,000 expansion grant.  

To ensure that the financial grant will be put to productive use, the government of Canada through the Canadian Youth Business Foundation offers business mentoring for your existing enterprise.  You will have a dedicated mentor for two years because this is the critical phase of every start up.  The mentoring service is part of the entire strategy to ensure the success of young Canadian entrepreneurs like you.

]]> http://www.hiltonresortfeesettlement.com/2007/04/canadian-government-grants-for-young-entrepreneurs/feed/ 0