B.C. government is investing in emerging business leaders with new funding

Victoria BC- The B.C. government is investing in emerging business leaders with new funding to expand a successful Futurpreneur program that offers business skills and coaching for young entrepreneurs launching new small businesses.

The Province is providing $50,000 to Futurpreneur so it can expand its reach by offering Rock My business Plan workshops in Prince George, Nanaimo and Kelowna. The curriculum of the one-day sessions will be tailored to the participants with personal coaching for business planning and marketing.

Futurpreneur, formally known as the Canadian Youth Business Foundation, is the primary, national non-profit organization providing financing, mentoring and support tools to aspiring small-business owners and entrepreneurs aged 18 to 39 years.

The Province provided $75,000 in funding to Futurpreneur in 2008 through the Partnership Funding Program for a pilot project aimed at expanding the organization’s rural outreach. This funding was used to develop training materials, events, workshops and marketing, resulting in 27 new business startups in rural B.C.

To date, Futurpreneur has invested in 1,066 new businesses in B.C., resulting in 5,117 new jobs and an estimated $32 million in tax revenue. Futurepreneur raises approximately $2 million to $3 million annually from public- and private-sector organizations, to leverage federal government funding.