The Canadian Youth Business Foundation (CYBF), is a national charity providing start-up mentoring, financing and business resources for young Canadians, ages 18-34, to create their own successful businesses. The program is intended for young people who do not qualify for conventional funding.

CYBF provides loans of up to $15,000 and on-line business resources that provide the foundation for new business start-ups. These loans include low interest rates, flexible 3-5 year repayment schedules and no principal payments for the first year. Additionally, what makes the critical difference between a new company's sustainable success and failure is their mandatory world-class mentoring program. (Applicants may be eligible for a further $15,000 fo financing through the Buisness Development Bank.)

Expansion Funding

If you are an existing CYBF Entrepreneur and require additional funding in your third to fifth year of operation to expand your business, CYBF now offers expansion financing up to $10,000.

Eligibility Requirements

• 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

How to Get Started

1. Create a viable business plan with 2 year cash flow projections
2. Complete the CYBF online application form
3. Contact CYBF to begin the review process 
   
   Contact the LGSBEC for local information:
   
   P: 613-342-8772
   E: wonstein@brockville.com
   
   Canadian Youth Business Foundation
   1-800-464-2923
   info@cybf.ca