Starter Company PLUS Program
The Starter Company PLUS program will assist people 18 years and over interested in starting, expanding or purchasing a business in Mississauga.
The Program is delivered by the Mississauga Business Entrepreneur Centre (MBEC) for the Mississauga area. The Starter Company PLUS program is funded by the Province of Ontario and is delivered by Small Business Entrepreneur Centres (“SBECs”) similar to MBEC across Ontario who are part of the Province’s Ontario Network of Entrepreneurs (ONE). Located outside Mississauga? Please refer to the list of Small Business Entrepreneur Centres and Community-Based Provider Locations in Ontario.
To apply to the Starter Company PLUS Program in Mississauga, you must confirm your eligibility to participate in the program and attend a mandatory info session. Attendance at the info session does not guarantee acceptance into the program or the receipt of a program grant.
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What does the Starter Company PLUS Program offer?
The program provides:
- Free training and business skills development
- Free mentorship and guidance
- Opportunity to apply for a program grant of up to $5,000 after the completion of mandatory training and mentorship.
GET STARTED & SIGN UP
If you are interested in learning more about Mississauga’s Starter Company PLUS program and how to apply to the program, you must register for ONE of the following mandatory Starter Company PLUS info sessions which will be offered virtually on the following dates below:
Tuesday August 2, 2022 from 6pm – 7:30pm
Thursday August 4, 2022 from 10am – 11:30 am
Registration will begin shortly.
FREQUENTLY ASKED QUESTIONS (FAQs)
We have identified and answered the most commonly asked questions about this topic:
To be eligible for the Starter Company PLUS Program in Mississauga, the program applicant must meet ALL of the following eligibility requirements, which includes, but is not limited to:
- Be a resident of Ontario
- Be 18 years of age or older at the time of application
- Be a Canadian citizen or permanent resident of Canada
- Not attending school full time nor returning to school
- Be proposing starting a new business, expanding an existing business or buying a business in Mississauga
- Be prepared to commit a minimum of 35 hours a week to running a full-time business
- Be prepared to attend scheduled mandatory training and mentorship meetings as per program schedule
- Not enrolled in other provincial employment or self-employment related programs that include or do not include financial assistance
- Not currently enrolled concurrently in any self-employment or entrepreneurship training/financing programs offered by government funded organizations
- Not have received a Starter Company Program or Starter Company Plus Program grant in the past
- If there are two or more partners in the business, the partner who is applying to the program must confirm a minimum of 51% ownership of the business to participate in the program and would be responsible to apply for the program grant
- Provide proof of 25% contribution of the potential program grant (up to $1250). Contributions can be in cash or in-kind contributions as approved by MBEC.
TO BE ELIGIBLE, A BUSINESS OR PROPOSED BUSINESS MUST:
- Be an independent business venture based in Mississauga
- Not be a business that relies on commissioned sales
- Be a legal business in Ontario
- Not be a franchise
- Operate at arm’s length from family business ventures
- Operate full-time as defined in the business plan
- Maintain its own books and records
- Have a Master Business License or Articles of Incorporation, or plan to register the business
- Maintain a separate bank account
- Follow all government rules and regulations and applicable by-laws for the operation of the business
- Demonstrate a viable and sales ready business plan at the time of funding
Please note: Mississauga’s Starter Company PLUS program will give priority to Mississauga-based entrepreneurs interested in starting a new online business, expansion of an existing main street business including retail, bars, restaurants and cafes, and professionals in the creative industries.
Before you can apply to Mississauga’s Starter Company PLUS program, you must attend a mandatory Starter Company PLUS info session.
This information session will provide you with important information about the Starter Company PLUS program in Mississauga including:
- Eligibility requirements
- Program requirements and expectations
- Program training and mentorship, and schedule
- Information about the program grant opportunity
View the “GET STARTED & SIGN-UP” section above to view upcoming dates.
Mississauga Business Entrepreneur Centre (MBEC)
The Mississauga Business Entrepreneur Centre (MBEC) is your central source for small business information, resources and guidance. Whether you are starting or growing a small business, MBEC can help.