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Mentors for Young Entrepreneurs
Non-Governmental Organizations
Last Verified:
2007-10-29
Related Reading
More Information
To qualify for the Canadian Youth Business Foundation
(CYBF) program and financing, you must also participate in their
mentoring program, including the online
portion "Meant2BTM".
Eligibility Criteria
- Between 18-34 years old
- Eligible to work in Canada
- Produces a complete and viable business plan
- Has been in business, fully operating, for less than
12 months
- Lives or opens the business in the community which is
offering the CYBF program
- Has some training/experience related to their business
idea
- Work with mentor for a period of two years
- Has a business that creates full-time sustainable
employment for the applicant
- Must hold at least 51% voting share in the business
(if a partnership)
- Not a full-time student
- Loan proceeds may NOT be used for the refinancing of existing debt
Eligible Activities
Business start-up.
Summary
To help your business succeed, CYBF ensures that you are matched with a qualified mentor for a
minimum of 2 years during the critical start-up period. CYBF’s program revolves
around three guiding principles:
- relational matching,
- foundation building, and
- ongoing support for both entrepreneurs and mentors, aimed
at maintaining a successful mentoring relationship which will ultimately increase
success rate of the young entrepreneur’s business.
Benefits
- You, as a young
entrepreneur, benefit from business advice and guidance that is often too
expensive to access during the early years of a start-up.
- Mentors pass on years of
business knowledge and experience to you, which helps to prevent
common pitfalls.
- Allows for you to
gain hands-on experience with performance
evaluation.
New Brunswick Contact(s):
See National Contact.
National Contact(s):
Canadian Youth Business Foundation
Suite 1410
100 Adelaide Street West
Toronto, Ontario
M5H 1S3
Fax: 1-877-408-3234
Toll-free (information): 1-800-464-2923
Web site:
http://cybf.ca/contact-us/