Young entrepreneurs in Nova Scotia will continue to benefit from the support of Futurpreneur thanks to a new investment of $600,000 from the province.
The non-profit organization provides unsecured funding, mentorship, and resources to diverse young entrepreneurs between the ages of 18 and 39.
“Entrepreneurs with new ideas and a drive to succeed are transforming our economic landscape here in Nova Scotia,” said Economic Development Minister Susan Corkum-Greek. “As a government, we strive to foster a culture of innovation and entrepreneurship, and this funding will help us achieve that by allowing Futurpreneur to continue to support and mentor aspiring business owners across the province. .
The investment is a three-year deal at $200,000 per year.
Quotes:
Today’s announcement of renewed provincial funding is an investment in inclusive economic development at a critical time for Nova Scotia’s economy. We are grateful for this ongoing partnership, which will provide resources to Futurpreneur to help young entrepreneurs launch 120 businesses over the next three years, including increased support for equity-deserving entrepreneurs through our tailored entrepreneur programs. blacks and natives. It is through the success of these young entrepreneurs that we will achieve economic prosperity across the province for years to come.
Janis Nixon, Vice-president, Programs & Partnerships, Futurpreneur
We wouldn’t be where we are today without the support we received from Futurpreneur when we started. We were excited to hear about this new investment, as we know firsthand that it’s not easy for young entrepreneurs. Futurpreneur’s support – resources, funding and mentorship – can make all the difference, and it will now be available to even more people in Nova Scotia.
Heather Stephen, co-founder and co-owner, Apartment 3 Espresso Bar
Fast facts:
- Founded in 1996, Futurpreneur promotes youth entrepreneurship as an essential pillar for diversifying the economy, generating employment opportunities and building a sustainable future.
- Futurpreneur has helped over 17,700 young entrepreneurs launch and grow small businesses across Canada
- in Nova Scotia, Futurpreneur has supported and mentored young entrepreneurs in launching over 650 new businesses and provided over $16.5 million in unsecured loan capital
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