Young Entrepreneurs Business Guide

What is a Business Guide?

The Canada/Manitoba Business Service Centre created Business Guides to help you navigate through the wide range of programs and services in a specific area as well as related regulations that may affect your business venture. Business Guides featuring other topics of interest are also available by contacting the Canada/Manitoba Business Service Centre at 204-984-2272 (in Winnipeg) or 1-800-665-2019 (toll free in Canada) or by e-mail at manitoba@canadabusiness.mb.ca.

Note: In addition to providing an immediate clickable link when viewing these documents online, we have suggested search words/terms to assist you in future for additional program and/or service information searches on our or other sites.

TABLE OF CONTENTS

• Financing
• Services

Financing

Canadian Youth Business Foundation (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/
Search words: Canadian Youth Business Foundation

The Foundation provides start-up mentoring, financing and business resources to help youth between the ages of 18-34 start their own successful business.

Canadian Youth Business Foundation (CYBF) - Business Development Bank of Canada (BDC) Start-Up Financing Program (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/cybf_programs/start-up/financing/
Search words: CYBF-BDC Start-Up Financing Program

The Business Development Bank of Canada (BDC) will grant eligible entrepreneurs a loan of double the amount approved by the Canadian Youth Business Foundation (CYBF), up to $30,000. The loans granted by BDC will be used to support new businesses that have been in operation for less than 12 months and the owner/operator is between the ages of 18 and 34 years. To be eligible for a BDC loan, all applications must meet BDC’s loan criteria and be previously approved by CYBF for funding. CYBF will be responsible for receiving financing requests under this partnership.

Canadian Youth Business Foundation - Expansion Financing for Youth (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/cybf_programs/expansion/
Search words: Expansion Financing & CYBF

If you are an existing Canadian Youth Business Foundation entrepreneur requiring additional funding, between 36 to 60 months into operation, and want to expand your business, the CYBF offers expansion financing up to $30,000.

Canadian Youth Business Foundation - Newcomer Entrepreneur Program (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/cybf_programs/newcomer/
Search words: Newcomer Program & CYBF

This program is designed to help newcomers to Canada, aged 18 to 34, start a
business and make a smooth transition into the Canadian entrepreneurial community. The program offers flexible loan assessments and hand-matches the entrepreneurs with a business mentor who will provide invaluable insight into running a business in Canada.

Canadian Youth Business Foundation - Start-Up Loan for Youth (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/cybf_programs/start-up/
Search words: Start-up Financing, CYBF

The CYBF provides business start-up loans up to $15 000 to qualifying young Entrepreneurs who are between the ages of 18 and 34. Loan repayments of three or five years are available.

Canadian Youth Business Foundation - Taking over an Existing Business (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: http://www.cybf.ca/cybf_programs/start-up/
Search words: Taking over an Existing Business, CYBF

BDC offers Succession loans of $15 000 for youth who will attain 51% ownership within the first five years of operation of a company financed by CYBF.

Young Entrepreneurs Program
Mr. Shaun Hampton, Youth Programs Consultant
Manitoba Healthy Living, Youth and Seniors
Phone: 204-945-4284 or Toll free 1-800-282-8069 Ext: 4284
E-mail: shaun.hampton@gov.mb.ca
Internet: http://www.edu.gov.mb.ca/youth/businesses/youngentrepreneurs.html
Search words: Young Entrepreneurs Program & Manitoba

This program encourages Manitoba's young people between the ages of 18 and 29 to start their own full-time, year-round business and pursue self-employment as a career choice. Under the program, approved applicants are eligible for a reimbursement grant of up to $4,000 to help defray business start-up costs and capital expenditures.

Young Rural Aboriginal Entrepreneurship Program
Manitoba Agriculture, Food & Rural Initiatives
Phone: 1-204-761-0551
Internet: http://www.gov.mb.ca/agriculture/programs/aaa36s06.html
Application Form: http://www.gov.mb.ca/agriculture/programs/pdf/aaa16s01.pdf
Search words: Young Rural Aboriginal Entrepreneurship, Manitoba

This loan program is targeted to rural Aboriginal youth, under the age of 40, who are considering starting a business in Rural Manitoba. To find out more about eligibility and program details, interested individuals should contact their local GO Team office http://www.gov.mb.ca/agriculture/contact/agoffices.html.

Services

Aboriginal Youth Mean Business! (AYMB)
Manitoba Education, Citizenship and Youth
Phone: 204-945-0447 or Toll free 1-800-883-0398
Internet: http://www.aymb.ca/
Search words: Aboriginal Youth Means Business!

This program supports Aboriginal youth in Manitoba who have started or plan to start their own business by sponsoring information exchanges, providing youth mentorship opportunities and supporting Aboriginal youth business awards and recognition events.

Business Incubator and Mentoring Network
Economic Development Council for Manitoba Bilingual Municipalities (CDEM) (*NGO)
Phone: 204-925-2320 or Toll free 1-800-990-2332
Fax: 204-237-4618
E-mail: cdem@cdem.com
Internet: www.cdem.com/content.php
Search words: CDEM7 Incubator and Mentoring Network

Designed for young entrepreneurs who are 35 years of age or younger, the Business Incubator and Mentoring network offers the ability for new businesses to locate directly in the incubator (which is located in CDEM's Winnipeg offices at 200 - 614, rue Des Meurons), rent work space for a minimal cost and have access to a computer, printer, phone, fax machine, Internet and a meeting room.

Canadian Youth Business Foundation - Mentoring Young Entrepreneurs (*NGO)
Joelle Foster, Director, Manitoba and North
Phone: 204-480-8481 or Toll free 1-800-464-2925
E-mail: jfoster@cybf.ca
Internet: www.cybf.ca/cybf_programs/mentor-program/
Search words: Mentors for Young Entrepreneurs, CYBF

Young Entrepreneurs 18 to 34 wishing to qualify for the Canadian Youth Business Foundation (CYBF) program and financing, must also participate in their mentoring program, including the online portion "Ment2B^TM".

Skill Development for Young Entrepreneurs
Mr. Shaun Hampton, Youth Programs Consultant
Manitoba Healthy Living, Youth and Seniors
Phone: 204-945-4284 or Toll free 1-800-282-8069, Ext. 4284
E-mail: shaun.hampton@gov.mb.ca
Internet: http://www.gov.mb.ca/healthyliving/youth/businesses/skilldevelopment.html
Search words: Skill Development for Young Entrepreneurs

This program is designed to enhance the skills of Manitoba's young people (18 to 29 years) who have started, or plan to start their own full-time business. Approved applicants are eligible for a grant of up to 50% of costs (to a maximum of $1,000.00; $1,500.00 for northern residents) to complete an accredited business related training course. Pre-approval prior to the commencement of the course is mandatory.

Young Entrepreneur Awards
Business Development Bank of Canada - BDC
Phone: Toll free 1-877-232-2269
E-mail : yea@bdc.ca
Internet: http://www.bdc.ca/en/yea2010/pages/home.html 
Search words: Young Entrepreneur Awards

You’re a successful entrepreneur. You’re between 19 and 35. GET RECOGNIZED!

Apply for the prestigious Young Entrepreneur Awards (YEA) presented by the Business Development Bank of Canada. The YEA pays tribute to remarkable young Canadian entrepreneurs who are outstanding not only because of their success in business, but also because of their creativity, innovative spirit and community involvement.

*NGO - Non Governmental Organization

Canada/Manitoba Business Service Centre
250 - 240 Graham Avenue
Winnipeg, Manitoba  R3C OJ7
Telephone: 204-984-2272
Fax: 204-983-3852
Toll-free (information): 1-800-665-2019
TTY Toll-free (hearing impaired): 1-800-457-8466
E-mail: manitoba@canadabusiness.mb.ca
Web site: http://www.canadabusiness.mb.ca/

DISCLAIMER
Information contained in this document is of a general nature only and is not intended to constitute advice for any specific fact situation. Users concerned about the reliability of the information should consult directly with the source, or seek legal counsel.

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