Fast forward your business from start-up to success story with an experienced mentor.
moMENTum, a Futurpreneur Canada program supported by BDC, is a six-month mentoring program that pairs entrepreneurs aged 18-39 with an experienced mentor to support them through the early stages of starting their business.
Futurpreneur Canada supports aspiring business owners between the ages of 18-39 who are Canadian citizens or permanent residents. Learn more about moMENTum by reading our general terms and conditions for the program.
General terms and conditions: moMENTum
moMENTum provides six months of one-on-one mentoring for entrepreneurs who are currently launching their business or have launched a business within the last six months. We’re committed to delivering a program that offers a successful mentoring experience for everyone involved, so we’ll provide structured training for the mentor and entrepreneur, resources and guides, and scheduled check-ins.
moMENTum mentors are recruited from across Canada and have successfully owned their own business for at least five years. In fact, many of them have gone through a Futurpreneur program, so they’ve been in your shoes before and know the pitfalls that new business owners face.
We limit the number of successful applicants to one entrepreneur per mentor each month to make sure we’re delivering expert one-on-one support as you start, grow or buy your business.
The application period opens on the first business day of each month at noon EST and remains open for one week. You’ll apply to work with the mentor of your choice and after applications close, you’ll also participate in a brief interview if you’ve been shortlisted. Based on the applications and interview, we’ll provide mentors with entrepreneurs we feel will be a good fit, and the mentor will make the final decision about who they’ll work with.
We’ll recommend entrepreneurs to the mentors based on:
If you’re selected, you will be notified by Futurpreneur and will have 48 hours to accept the offer, pay the $125 administration fee and register for an online, onboarding workshop.
As soon as the workshop is competed you’ll be connected to your mentor over email and will be asked to meet in person within two weeks.
If you meet the criteria above for moMENTum, apply to work with a mentor.
Futurpreneur Canada’s industry-leading mentoring offers expertise, resources and skill-building opportunities to take you and your business to the next level.
Our volunteer mentors are supported by our own in-house experts and professional development to provide the best support possible.
Attend workshops, meet other young entrepreneurs and gain peer advice. A start-up community is growing near you - join today!
Check out our interactive courses on how to make the most of your mentoring relationship.
Applications for moMENTum this month are now open. Please note the following key dates in the application process:
February 8, 2016, noon EST
February 16, 2016, noon EST
Applications for moMENTum this month are now open. If you see a mentor you’d like to work with in your region – apply today! After applications close, shortlisted applicants will be interviewed. Please review the important dates and information on the application process below to ensure your application meets all requirements.
Matches done for the moMENTum Program are based on an alignment in approach (such as values, communication styles, and motivations), entrepreneurial skills and business strengths between the mentor and entrepreneur.
Availability of mentors and applicants from the same city is part of our selection process, and we’ll give priority to matches between mentors and entrepreneurs living in the same city or region to facilitate in-person meetings.
Based on program eligibility, mentor fit and region, applicants will be shortlisted and interviewed by our staff. The mentor will have the final choice of the entrepreneur they end up mentoring.
Applicants’ profiles are thoroughly evaluated in confidentiality before being recommended to a volunteer Alumni mentor.
You are eligible for moMENTum if you are:
You can’t apply for more than one mentor at a time, but if you are not selected when you first apply, check back in the following months and apply again if you see a mentor that would work well with your needs.
We don’t require or review any formal documentation, but you should have your start-up plan in mind so you can communicate your business goals clearly in the application.
The mentors showcased on the website are the mentors who are available for moMENTum. Every month, we’ll be adding new mentors to the program, so keep checking back to see if any of the new mentors match what you’re looking for.
We’ll be giving priority to entrepreneurs who have not participated in the moMENTum program previously.
If you’ve already been matched with a mentor through Futurpreneur, you’re not eligible for moMENTum. We hope you’re already receiving the benefits of one-on-one mentoring through that match, and if you have any questions about your current mentoring relationship, please reach out to your Client Relationship Manager.
If you’re not matched with a mentor but are still interested in the program, continue to visit the website on a monthly basis to apply for new mentors as they are announced. If you’re also looking for financing, you can apply for funding through Futurpreneur and be matched with a mentor for up to two years. You can also keep in touch with Futurpreneur by following us on Facebook and Twitter, where you’ll learn about our programs, resources and events that might benefit you and your business.
The six month program starts the first day you meet with your mentor and complete an online orientation with them. We’ll ask that you have this meeting no more than ten working days upon receiving email instructions from your Client-Relationship Associate.
After the six months, we’ll ask for your feedback on your experience and you’ll complete a survey tracking your achievements and progress throughout the program. If you and your mentor agree that there is value in continuing your relationship, we encourage you to maintain an informal mentoring relationship outside of the program.
While you can apply to a mentor outside of your region, we will give preference to matches in the same city or region. For the best chance at being matched, we suggest that you apply to a mentor close to you.
The $125 fee is an administrative cost that helps us put time and care into our matches. This administrative fee is non-refundable.
We won’t be accepting requests for rematches for moMENTum.
This program is for entrepreneurs launching a business who don’t currently require funding for their business but could benefit from the support of an experienced entrepreneur as their mentor. If you do require financing for your business, we suggest looking at our financing and mentoring option.
We created moMENTum in response to requests from entrepreneurs who did not require financing for their business, but wanted to connect with someone who had been through a business start-up and was willing to provide support and advice based on their experience. Getting advice from a trusted person outside of your business can be a huge help – and a real confidence builder. Your mentor won’t have a commercial tie to your business, so they don’t have motivations that are tied to an investment. They can also give you the honest input that you might not be getting from friends or family. Even if they don’t have all the answers for you, they’ll brainstorm ideas, discuss confidential matters, provide you with advice based on their experience and bring outside knowledge and observations to your business. We know our mentors get just as much out of the experience too as they learn about your ideas, opportunities and challenges.
Here is our Mentoring philosophy...
Developmental Mentoring: offering personalized support to help entrepreneurs develop their abilities and insights as they start and grow their business idea: Build self-reliance and leadership skills in entrepreneurs; Help entrepreneurs discover their own insights, options, solutions and decisions; Support entrepreneur’s self-directed learning and reflection; Facilitate two-way learning between mentor and entrepreneur.
In other words, it’s about empowering you through knowledge and experience (brainstorming) as to how to become self-sufficient and deal with those issues yourself. You know the saying: give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.
moMENTum isn’t a course on entrepreneurship; it’s an opportunity to widen your knowledge and business skills through working with a mentor. Keep in mind, moMENTum is neither a coaching nor a consultation service. Mentors are volunteers who are trained by us to empower you with their own skill set on some, but not all, questions you might have. Their role isn’t to provide quick and specific answers to your problems or questions, but rather to bring their knowledge and experience to the table and help you brainstorm solutions. Also, because mentors are required to have no commercial link with entrepreneurs, the mentors cannot investigate the financials of your business, as that would be considered a conflict of interest.
You should expect an experienced entrepreneur who you can trust to support you as you launch and build your business. Mentors volunteer because they want to put their skills and knowledge to use by helping a fellow entrepreneur on a personal and professional level.
You’ll be driving the meetings with your mentor, so coming prepared is important. You should be prepared to set the direction of the meetings, and give your mentor a clear understanding of your goals. We’ll also ask you to track the progress of your ideas. To help you stay on track, we’ve developed some tracking tools that you’ll be able to use on your first official session with your mentor.
moMENTum includes a self-evaluation process that is supported by monthly reports provided by Futurpreneur Canada. You’ll be required to participate fully in the process, provide monthly updates and complete a survey at the end of the program.
Yes. If you’ve been working part-time in your business for between zero and 12 months, you are eligible to the program. See the full eligibility criteria on this page.
Mentors for moMENTum are entrepreneurs who started-up a business with a loan from Futurpreneur Canada (formerly CYBF) at least 5 years ago and who are now volunteering as mentors.
We make one mentor-match per business, so the person who fills out the application will be the main point of contact for the mentor. You’ll all be welcome to attend the mentor meeting each month to share in the experience.