I do think we're sort of complimentary cousins in this ecosystem.
Futurpreneur provides up to $15,000 of collateral-free loan financing. We're the only organization in Canada that is authorized to adjudicate on BDC's behalf. If an entrepreneur qualifies for up to $15,000 from us, they automatically qualify for up to $30,000 from BDC. It's an envelope of up to $45,000 with a low-ish interest rate, but it's collateral-free, character-based lending.
We also partner with Community Futures organizations across the country for entrepreneurs who are looking for more.
On the financing side, it's non-diluted financing, which is important for these entrepreneurs. It's non-collateralized, so it is available to entrepreneurs who are younger, who are early, or who, for whatever reason, don't have the assets to borrow against. Often, in that critical first step, we're the only financing. In Knix's case, it's a $35-million company, and the only financing has come from us. In some cases, we help a company make their first payroll before their series A.
From a mentoring perspective, we have this network of mentors. We use them in a very specific way. We pair a mentor one on one with an entrepreneur to help them in their first two years, specifically on all of the pitfalls that they might come to. When businesses fail, it's often at that two-year mark. It's at that early stage. It's more of a general business mentoring, and then we can pair them with other resources.
We do have more advanced programs, like a growth accelerator that invites entrepreneurs from across the country who are at that growth stage. There are others who do that on a larger scale. I think of us as the junior hockey or high-school basketball stage of the journey. We help people launch and have a successful launch.