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Driving Canadas business success by
helping youth help themselves
Canadian Youth Business Foundation (CYBF)
is a nationally registered charity that helps young people who have great ideas but little money
to start and build businesses. Its uniquely successful model for supporting young entrepreneurs
combines seed-financing up to a maximum of $15,000 with mandatory mentoring from experienced
volunteers.
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CYBFs combination of loans and mentoring has been a huge success. Since its founding in 1996, CYBF loans
have enabled more than 1,500 new young entrepreneurs launch businesses that together have generated some $158
million in gross sales, $37 million in tax revenue and more than 8,000 jobs.
CYBF helps young entrepreneurs even if they dont need a loan through both information and advice through
its websites and a variety of learning materials, including a business plan guide, examples of financial
statements and business support software.
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