Madam Chair, committee members, it's a pleasure for me to join you today.
I represent the University of Ottawa, where I am a professor and director of entrepreneurship and innovation at the University of Ottawa's Faculty of Law, Common Law section. I am also the founding director of the Norton Rose Fulbright legal clinic at the Faculty of Law, where we provide free legal services to entrepreneurs from Futurpreneur.
We work in partnership with Norton Rose Fulbright Canada, Futurpreneur Canada and the Institut du savoir Montfort. Of course, I'm the director of mission entrepreneur, the only program that leads to a certificate in innovation and entrepreneurship for veterans, which is offered by the Professional Development Institute at the University of Ottawa. I'm a lawyer-entrepreneur. I have more than 20 years experience as a member of the Law Society of Ontario, which means I speak from lived experience, not just theory. We are well aware of the barriers.
I would also like to give you some practical recommendations that could be put in place.
I'll do my transition to English since the University of Ottawa is a bilingual institution.
King's Trust Canada, funded in 2011 by His Majesty King Charles III, formerly the Prince's Trust Canada, operated a highly successful and popular mentorship and training program for veterans, called operation entrepreneur. The program was terminated as the national charity shifted its focus to new priorities, including pathways to employment for young people facing barriers.
In 2024, operation entrepreneur by the King's Trust foundation was terminated, but we came in to fill the gap. In 2024, mission entrepreneur at the Professional Development Institute of the University of Ottawa was launched.
We have faced many challenges. Comparable programs leading to a university certification in entrepreneurship and innovation were funded to about $14,000 per participant by the federal government. We requested similar funding from VAC, actually $20,000 per participant. They decided to give us less than $6,000 per participant, placing us as a “short course” under the education benefits for veterans, which means that, financially, we keep offering the program because we're committed to serve Canadian veterans, but it's not financially sustainable. The bureaucrats at VAC decided that. What we want is to get $20,000 per participant. In that way we can start with a cohort of 20 participants per year.
Most importantly, one key challenge that veteran entrepreneurs face is funding. They will all receive a $5,000 microgrant that will go to their business when they complete the program. That will be an incentive for them to do the program because, often, they do have education and training, but they're facing many challenges. They need to get an incentive to go back to school, so we're committed to reinvest $5,000. When they complete the program, they get that microgrant that goes to their business. This will ensure the program is sustainable, viable, has veteran participation and has a real sustainable impact for our veterans.
Second, I want to talk about access to capital. That is definitely the biggest structural barrier for veteran entrepreneurship in Canada.
I mentioned that I work in partnership with Futurpreneur Canada, the largest not-for-profit incubator for young entrepreneurs in Canada. They give up to $75,000 in funding to young entrepreneurs, but you need to be under 40 years old. That's the challenge. Our veterans fall into a vacuum. They don't get any support, so what we want to do is work in partnership with institutions like the Veteran Business Network Institute, VBNI. Its founder, Caleb Walker, came to your committee.
My five minutes are up.
We could replicate the model of Futurpreneur. I had other things I wanted to discuss, but time is limited.
It's a pleasure. I think I brought forward two key issues, training and mentorship, and funding. We have a practical way to achieve that at the University of Ottawa.