Aboriginal Youth Entrepreneurship Program

new-loan

On February 2, 2021, NADF achieved a new milestone - $50 Million in loans disbursed since 1987.  To commemorate this momentous occasion, NADF and Futurpreneur Canada have partnered to launch a new program - the Aboriginal Youth Entrepreneurship Program (AYEP) - to support the establishment and growth of youth owned businesses in NADF's service area (Nishnawbe Aski Nation, Treaty 3, or Robinson-Superior 1850).


Program Overview

Registration Opens: Monday, March 29, 2021

Registration Deadline: Friday, April 30, 2021

Available funding is limited. Register early!

 

The Aboriginal Youth Entrepreneurship Program offers promising young entrepreneurs access to coaching, financing, and mentoring to help them launch their own businesses.  With up to $20,000* in financial support and up to 2 years of expert mentoring, and access to resources, NADF and Futurpreneur are here to help Aboriginal youth bring their business idea to reality.

 

Take the first step towards entrepreneurship!      Register Here   


Info Sessions

Introduction to Aboriginal Youth Entrepreneurship Program

 

Register for one (or all) sessions to learn about the AYEP

 

Participants will:

  • be introduced to NADF and Futurpreneur and the NEW Aboriginal Youth Entrepreneurship Program
  • learn about the eligibility requirements to access up to $20K in financial support to help youth launch a business
  • learn about the AYEP Registration and Application processes
  • learn about the free tools and resources available, including Futurpreneur's Business Plan Writer and Cash Flow Template
  • participate in an interactive Q&A with NADF and Futurpreneur

    Program Highlights

     

    • Up to $20,000*
      • up to $17,500 in the form of a repayable loan
      • up to $2,500 in the form or a non-repayable grant
        • the grant portion will assist the entrepreneur to establish a financial record keeping system (cloud based, software, or outsourcing)
    • 0% equity requirement
    • 6.2% interest
    • 60 month term
      • Interest only payments in Year 1
    • Early repayment, no penalty
    • Matched with an expert mentor who will provide business advice, support and encouragement during the first 2 years of operation

    Applicant Eligibility

     

    Aboriginal Youth (18-39 years)

    • First Nations
    • Metis
    • Inuit

    Project Eligibility

     

    1. New small business or New business established less than 12 months
    2. Must be a wholly-owned or majority-owned Aboriginal business
    3. Business must be based and operating in NADF's service area (Nishnawbe Aski Nation, Treaty 3, or Robinson-Superior 1850), including First Nations, urban and rural communities
    4. The business must fall within specified industry guidelines in order to be approved for financing.

    Application Process

     

    1. Interested youth must register to be connected with a Futurpreneur Business Development Expert
    2. Your Business Development Expert will reach out to confirm eligibility
    3. Eligible youth will receive coaching and guidance throughout the development of their business plan.
      1. All business plans must be developed on Futurpreneur's online Business Plan Writer
    4. Submit your application.  At minimum, your application must include the following:
      1. Proof of Aboriginal ancestry
      2. Resume highlighting experience, training and/or education related to your business idea
      3. Two (2) personal references
      4. A completed business plan demonstrating viability
      5. Project costs and financing breakdown
      6. 2-year projected cash flow
    5. Await decision on your financing request.

    Interested?  

         Register Here   

     

    Questions?  Contact Us 

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