The City of Toronto has opened applications for this year’s Summer Company Grant. This program supports eligible young student entrepreneurs aged 15 to 29 looking to launch and operate a small business during the summer.

The Summer Program provides training in business fundamentals, group and one-on-one mentorship sessions with a trained business professional, and a grant of up to $3,000 to help launch a small summer business.

The Summer Company Grant program includes:

• Up to 15 hours of business training,
• A micro-grant of $5,000, and
• Up to three months of advisory and mentoring services.

Available Funding and Prizes

• 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 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

Visit the site to apply.

DEADLINE

Applications for this program are due by May 5th, 2025

As always, we will keep you posted on relevant grant programs and contests for small businesses and organizations in the Greater Toronto Area.

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