$3,000 CAD grant opportunity to support young student entrepreneurs in Canada to launch and operate a small business during the summer.

The City of Toronto is back with its Summer Company Grant Program that supports eligible young student entrepreneurs aged 15 to 29 looking to launch and operate a small business during the summer.

The Summer Program provides

• Business fundamentals training

• Group and one-to-one mentorship sessions with a trained business professional

• An opportunity for a grant of up to $3,000 to help launch your small business

Available Funding/Prizing

• The program offers grants of up to $3,000:

  • A first payment of up to $1,500 for start-up costs

  • A second payment of up to $1,500 once the student successfully completes the program

ELIGIBILITY CRITERIA

To be eligible for this grant, applicants must meet the following criteria:

• Be a Canadian citizen or permanent resident

• Be 15 to 29 years old

• Returning to school, university, college, trade school, or an eligible academic institution in the fall

• Starting a new business (i.e., not growing an existing business)

• Planning to operate this new business in Ontario

• Available to work full-time on developing and launching this new business (i.e., no part-time work or school exceeding 12 hours per week during the summer)

• Not been a recipient of the Summer Company program in the past

HOW TO APPLY

For more information, refer to the link below to answer eligibility questions and submit your application

DEADLINE

Applications for this program are due by Monday, May 6th, 2024

As always, we will keep you posted on any relevant grant programs and contests for small businesses and organizations within the province.

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