The CYBF was established and the federal government has been providing funding since 2002. Their core activity is providing funding to youth entrepreneurs, who traditionally have difficulty accessing debt financing, so this is filling a gap. The success of the program is related to a strong mentorship program that results in low default rates. In the past year, the CYBF has provided over 498 loans to young entrepreneurs, and since 2002 it has helped establish over 5,600 young businesses.
On May 9th, 2013. See this statement in context.