$5,000 Starter Company Plus Grant
The City of Toronto Starter Company Plus Grant supports eligible entrepreneurs looking to build their small businesses. Select entrepreneurs will receive training, mentoring and advice and will be eligible to apply for a micro-grant of $5,000 to assist with growth and expansion of their business.
The Starter Company Plus Grant program includes
Up to 15 hours of business training,
a micro-grant of $5,000
and up to six months of advisory and mentoring services.
Applications open April 22 at 9:00 a.m. and close on May 6 at 4:59 p.m.
Information Sessions
April 3, 10 to 11 a.m.
April 10, 10 to 11 a.m.
Register for an Information Session
For questions about the Early-Stage Startup stream of the Starter Company Plus program, please contact staff at 416-392-6646 or smallbusiness@toronto.ca.
More information and to apply: https://www.toronto.ca/business-economy/business-operation-growth/business-incentives/starter-company-plus-grant/
Applicant Requirements
This stream of the Starter Company Plus Grant is available to entrepreneurs that meet the following criteria:
Be a Canadian citizen or permanent resident,
Be 18 years of age or older,
Not be attending school or planning to return to school while enrolled in the program,
Be devoting a minimum of 35 hours per week to their small business and not employed anywhere else,
Not be enrolled in any other government-funded employment program,
Be a resident of Toronto with ability to demonstrate proof of physical address.
Business Requirements
Eligible entrepreneurs must also have small businesses that meet the following criteria:
Must be a registered business at the time of application (Sole Proprietor, Partnership or Corporation) and this business registration documentation (Master Business Licence or Articles of Incorporation) must show a Toronto address,
Must have a commercial business bank account at the time of application which corresponds with Business Registration documentation,
Must have been in operation for up to 3 years and be able to demonstrate financial activity statements for this period,
Must have majority ownership and the ability to demonstrate proof of ownership and/or shareholder agreement,
Must be located in Toronto with ability to demonstrate proof of physical address,
Businesses that require certification and/or license must be current at the time of application, and
Must be able to commit to in-person and/or virtual entrepreneurship training,
Must have already invested 25 per cent of the grant amount ($1,250) into the business at the time of application (cash, marketing efforts, equipment, commercial rent, or other legitimate start up expenses).
