Canadian Youth Business Foundation

Canadian Youth Business Foundation

October 10, 2013 17:30 ET

Canadian Youth Business Foundation and Community Futures Lloydminster and Region: Working Together to Support Young Entrepreneurs

LLOYDMINSTER, ALBERTA--(Marketwired - Oct. 10, 2013) - The Canadian Youth Business Foundation (CYBF) is pleased to announce an exciting new partnership with Community Futures Lloydminster and Region. The creation of this partnership will ensure that all eligible young entrepreneurs in Lloydminster and the surround communities can access the CYBF program.

CYBF offers young entrepreneurs age 18-39 a start-up package of mentorship and financing of up to $15,000 via low interest rate start-up financing and may qualify for a match or double match of financing up to $30,000 via CYBF's partnership with BDC- Business Development Bank of Canada.

"Working in partnership with Community Futures Lloydminster and Region supports our shared goal of supporting entrepreneurs to start successful businesses," says Rob Price, Director, Alberta, CYBF. "CYBF is committed to partnerships like this to support economic development and build solid communities and we look forward to being part of the community of Lloydminster."

Community Futures Lloydminster and Region offers a wide range of services to entrepreneurs, not-for-profit organizations and communities in the Lloydminster region.

"Community Futures Lloydminster is sponsored by Western Diversification Canada and our mandate is to diversify, sustain and work with young entrepreneurs to create sustainable businesses," says Scott Kovach, General Manager, Community Futures Lloydminster and Region. "Our partnership with CYBF fits the mandate and works well for our community."

"This partnership will make a positive difference in the lives of our young people and the vitality of our economy," says Leon E. Benoit, M.P., Vegreville-Wainwright Constituency, "Often, the difference between a mere idea and eventual business success involves just the right amount of counsel and mentorship. Through the partnership that has been announced today, our youth will have the tools they need to make their business blueprints a reality."

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About Community Futures Lloydminster and Region


Lloydminster and Region will be a diversified, thriving place of opportunity for all entrepreneurs and communities.


To foster entrepreneurship and diversification in our communities through regional economic/cluster development, small business loans and training.

Strategic Goals:

  • To support a culture of entrepreneurship in the region
  • To create opportunity profile for wealth generation through cluster development
  • To ensure access to capital that meets the need of Lloydminster and Region entrepreneurs
  • To establish CFLR as a regional leader in CED

About the Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing Canada's economy one young entrepreneur at a time. We look at character, not collateral, when providing youth aged 18-39 with pre-launch coaching, business resources, low-interest financing of up to $15,000, and industry-leading mentoring to help them launch and sustain successful businesses. CYBF's co-financing partner, the Business Development Bank of Canada, leverages CYBF's application process to provide up to $30,000 in additional support for CYBF entrepreneurs.

Established in 1996, CYBF has been recognized as a global leader in advancing youth entrepreneurship. CYBF is a founding member of the G20 Young Entrepreneurs' Alliance, the Canadian member of The Prince's Youth Business International, and the Canadian host of Global Entrepreneurship Week (being held November 18-24 in 2013).

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