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Alberta Business Grants Ltd.

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Young Entrepreneurs Grant

June 30, 2024

Value

Up to $10,000, with a required minimum contribution of 25% from applicants.

Description

The Young Entrepreneurs Program encourages Manitoba’s young people to start their own full-time, viable businesses, and in the process pursue self-employment as a career choice.

The Young Entrepreneurs Grant is a non-repayable grant, up to $10,000, for youth age 18 – 29 who are starting their own business, or have started a business in the last 12 months, that can assist with eligible start up, inventory and capital costs.

Eligible Applicants

  • Youth 18 to 29 years of age are eligible to apply. (Proof of age will be required.)
  • Must be Canadian citizens or have received landed immigrant status.
  • Where more than one business partner or investor is involved, the principal applicant to the program must be significantly involved in the management of the business. Not all business partners must be eligible youth, but the principal applicant must be 18-29 years of age and meet all eligibility criteria.
  • The applicant must plan to work at the business on a full-time basis (min. 30 hours a week) and may not be employed elsewhere more than 20 hours a week or attending school on a full-time basis.
  • The applicant must be actively involved in all aspects of the business on a day-to-day basis.

Eligible Expenses

  • License fees, space rental, telephone installation, utilities, office supplies, equipment rental, business travel costs, etc. Inventory costs (consisting of finished goods/raw materials) eligible up to 50% of the expense.
  • Recent purchases of land, buildings, office equipment and other significant equipment and fixtures.

Deadline Date

The Young Entrepreneur Grant program is now closed. Please click the link indicated below for update.

Contact

Contact Name: Manitoba Economic Development Investment and Trade Young Entrepreneurs Grant

E-mail Address: youthpartnerships@gov.mb.ca

Website: https://www.gov.mb.ca/wd/ites/youth/youngentrepreneurs.html

Industry:

Employment

Location:

Manitoba

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Download Now! Five Grant Gotchas

There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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