Starter Company Plus Grant

Starter Company Plus Grant

Starter Company Plus Grant – General Business Stream provides businesses with further training to assist them in building and growing their businesses.

If you are a business in the City of Toronto, the Starter Company Plus Grant – General Business Stream can provide the following support:

  • Over 20 hours of Business Training workshops provided
  • Starter Company Plus Grant of $5,000
  • Further advisory services for up to 6 months.

Applicant Requirements:

  • 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 the ability to demonstrate proof of physical address

Business Requirements:

  • Business must be registered at the time of application (Sole Proprietor, Partnership or Corporation), and this documentation must show a Toronto address.
  • Must have a commercial business bank account which corresponds with Business Registration documentation.
  • The applicant must have majority ownership and the ability to demonstrate proof of ownership and/or shareholder agreement.
  • Business must be located in the City of Toronto with the ability to demonstrate proof of physical address.
  • Businesses that require certification and/or license must be current at the time of application.
  • Business must have been in operation for a minimum of 6 months and be able to demonstrate financial activity statements for this period.
  • Can provide a 25% investment of the grant amount ($1250). 
  • Must be able to commit to one week of virtual entrepreneurship training.

The Following Business Types will NOT be Eligible for the Starter Company Plus Grant – General Business Stream:

  • Nightclubs, lounges, cabarets, discotheques, music festivals and events or other similar activities
  • Online businesses selling jewelry, apparel or cosmetics
  • REIT’s, Retirement homes, Long Term Care homes
  • Technology Apps which are not market-ready
  • Student housing and other residential rental accommodation
  • Childcare Centres, including Day-cares 
  • Home Care for Elderly and/or Vulnerable Populations
  • Quasi-financial institutions or Money Service and Money Transfer Businesses (This also includes Insurance Companies and Financial Services Companies)
  • Cryptocurrency (e.g. bitcoin) businesses and traders.
  • Businesses brokering funds or taking on a fiduciary duty handling funds for clients. This includes Investment, Insurance, and Real Estate brokers who handle funds in trust for clients.
  • Brokers (Insurance, Real Estate, Investment, etc.) who are working for an existing firm are not seen to be creating a new business.
  • Businesses and platforms that raise funds for charities
  • Charities and Non-profits and Social Enterprise
  • Franchises
  • Collection Agencies
  • Businesses that raise investment capital for other businesses
  • Businesses that include or promote financing from Equity Crowd Funding (Share capital)
  • Medical Marijuana and Cannabis Retailers are not supported due to the complex regulatory requirements.
  • Recording Artists and other similar ‘self-promoting’ artists and activities.

Enterprise Toronto reserves the right to determine the nature of business types to be accepted into the Starter Company Plus Grant – General Business Stream. Only successful applicants will be contacted.

A few notes to consider before starting your application:

  • You will receive a confirmation email with a copy of the submitted application.
  • You will also receive an anonymous survey after the form submission. This survey is used strictly for information purposes and is entirely voluntary.
  • If you have questions about this application or would like accessibility supports, accommodation and/or a different format, please call 416-396-5243 or email using your business email account.

Apply here

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