Summer Company Grant

The Summer Company Grant is an initiative by the Government of Ontario that provides eligible students aged 15 to 29 with up to $3,000 in funding, along with training and mentorship, to start and operate their own summer businesses

City of Toronto

Overview of the Summer Company Grant program:

The Summer Company program is designed to foster entrepreneurial skills among Ontario students by offering financial assistance and comprehensive support to launch and manage a small business during the summer months. Participants receive business fundamentals training, one-on-one mentorship from experienced business professionals, and a grant of up to $3,000 to cover start-up costs and initial operations. The program aims to equip young entrepreneurs with practical experience, enhance their business acumen, and contribute to the local economy by encouraging innovative business ventures.

Benefits of the Summer Company Grant program:

Financial Support: Grants up to $3,000 to assist with business start-up costs.
Training: Business fundamentals training to equip participants with essential entrepreneurial skills.
Mentorship: Access to group and one-on-one mentorship sessions with experienced business professionals.
Practical Experience: Hands-on experience in launching and managing a business.
Networking Opportunities: Connections with other young entrepreneurs and business leaders.

Eligibility criteria of the Summer Company Grant program:

Be a Canadian citizen or permanent resident
Be 15 to 29 years old
Returning to school, university, college, trade school or an eligible academic institution in the fall
Starting a new business (i.e. not growing an existing business)
Planning to operate this new business on Ontario
Available to work full-time on developing and launching this new business (i.e. no part-time work or school exceeding 12 hours per week during the summer)
Not been a recipient of the Summer Company program in the past