Sponsoring Agency: Kingston Economic Development Corporation
Type of Fund:
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/23/2021
Size of the Fund: Less than USD $50,000
Starter Company Plus is a program offered through Kingston Economic Development Corporation with funding from the Government of Ontario. This program is designed to provide business training for entrepreneurs aged 18 and over who are launching a business or expanding an existing business.
The program provides an opportunity to pitch for a grant up to $5,000 to start or grow your business.
What You Get
Through Starter Company Plus, you can:
• Get one-on-one guidance from a Small Business Enterprise Centre advisor
• Participate in business workshops, seminars or networking events
• Topics range from writing a business plan to budgeting to marketing campaigns
• Talk to a mentor with experience in starting, expanding or buying a small business
Applicant Eligibility Criteria
To be eligible, the applicant must:
• not be currently attending school on a full-time basis nor intending to return to school;
• be a resident of Ontario;
• be a Canadian citizen or permanent resident;
• be 18 years of age or older at the time of application;
• not have full-time employment outside of the Project at the time of funding;
• not be receiving social assistance ie. ODSP;
• be fully responsible for the on-going operations and decisions of the Project and is the majority partner or shareholder;
• not be enrolled in other provincial business startup programs that include financial assistance;
• not be currently enrolled concurrently in any self-employment programs offered by government funded organizations;
• be expected to match the grant amount they are requesting with 25% personal investment (eg. $2000 grant will require $500 personal contribution in the business);
• not have previously received Starter Company or Starter Company Plus funding in Ontario; and
• business training is mandatory in order to submit application
Business Eligibility Criteria
To be eligible, the business must:
• be proposing to start a new business or expand an existing business that is 5 years or younger with proof of sales;
• not be a business that relies on national sales frameworks ie. Pyramid Marketing;
• be a legal business in Ontario;
• not be a franchise;
• operate full-time as defined in the business plan;
• have a separate bank account in order to maintain books and records;
• follow all government rules and regulations and applicable by-laws for the operation of the business; and
• be sales ready at the time of funding
More information at: https://www.kingstonecdev.com/startercompanyplus
