Entrepreneurial clients of Innovation Cluster Peterborough and the Kawarthas can now get a pre-approved loan of $20,000 through a partnership with Futurpreneur Canada, a national non-profit organization that provides financing, mentorship, and resources to aspiring business owners aged 18 to 39.
Designed to accelerate success for entrepreneurs, the Fast Track program will enable existing clients of the Innovation Cluster to bypass Futurpreneur’s traditional loan review process.
“Introducing the Fast Track initiative to the Cluster empowers us to engage more entrepreneurs and equip them with accelerated support for success,” says Andrew Ko, Futurpreneur Canada’s business development manager for Ontario, in a media release.
The Innovation Cluster’s formal partnership with Futurpreneur Canada “solidifies a long-standing relationship already marked by fruitful collaboration,” according to the media release.
“Our alliance with Futurpreneur Canada furthers our mission to support clients through unparalleled access to industry partners and funding sources,” says Innovation Cluster executive director Camila Duarte. “The new Fast Track program underscores our mutual commitment to fostering innovation-focused economic growth.”
Along with the Fast Track program, the Innovation Cluster will continue to refer its clients to Futurpreneur’s “Rock My Business” workshop series that range from idea development to cash flow projection. Futurpreneur Canada also plans to provide office hours once a month at the Innovation Cluster during Cube lunches, providing an opportunity for clients to exchange ideas and share expertise.