RMB Rock My Business Start-up Awards - FAQ - Eligibility and Application Rules

Sep 12, 2026

Upload by Violet

FAQ document outlining eligibility and application requirements for the RBC Rock My Business Start-up Awards. Covers the July-to-May cycle, mandatory attendance of both Rock My Business Plan and Rock My Cashflow workshops, required submission of specific plan and 12-month cashflow templates, and restrictions on age and business ownership structure. Explains whether previously attended participants, co-ops or not-for-profits, multiple shareholders, and second businesses qualify, along with jury evaluation criteria and acceptable business plan length.

LanguageEnglish

CategoryForms

FormatPDF

Pages4

Reading Time2 min

AccessFree to download

How can I be eligible for the awards?

Workshop attendance and required templates

Can I apply with other templates?

Age and majority ownership eligibility

What if I’m over 40?

What if a partner is over 40?

Can multiple shareholders/partners apply separately?

Does the business need to be registered?

Eligibility for a second, unrelated business

What if workshops were attended by different partners?

Where is the application submitted?

Are co-ops and/or not-for-profits eligible?

Can I apply for more than one award?

Which businesses are ineligible?

Industry restrictions

How does the jury decide?

How long should the business plan be?

Can I use other templates or add design elements?

What if my business is complex with many offerings?

Rock My Business Start-up Awards FAQ Timothy Cho, Founder of Oven Theory 2023 RBC Rock My Business Start-Up Award recipient How can I be eligible for the awards? The RMB Series timeline runs from July to May each cycle. You must attend both the “Rock My Business Plan” and “Rock My Cashflow” workshops. Additionally, you must submit the “RBC Focused Business Plan” template and the “RBC’s 12 Months Cashflow” template. Can I apply to the Rock My Business Startup Awards with Futurpreneur’s “Focused Business Plan” and Futurpreneur’s 24 months cashflow template? No, you cannot. If you submit Futurpreneur’s template, your application will be ignored. I am over the age of 40 but attended all three sessions of the Rock My Business series. Can I apply to the Rock My Business Start-up Awards? Unfortunately, you cannot. Only entrepreneurs between the ages of 18 and 39 are eligible. I am an entrepreneur under 40 years old, but my business partner is over 40. Am I eligible to apply? The majority owner (51% or more) of the business must be under 40 years old before July 1st, 2025. Proof of majority ownership will be requested during the due diligence period before disbursement of the award. We are multiple shareholders/associates in the project. Can we all apply separately, or should we apply together for the Rock My Business Start-Up Awards? Only one shareholder/associate per business can apply to the Rock My Business Start-Up Awards. Does my business need to be registered (as a sole proprietorship, partnership, or corporation, for example) to apply for the Rock My Business Start-up Awards? No, your business does not need to be registered. I am already a business owner, but I would like to launch a second business that is not related to the first. Am I eligible for the Rock My Business Start-up Awards for my second business? Yes, you are eligible for the Rock My Business Start-up Awards for your second business if you meet all other eligibility criteria. I attended one workshop, and my business partner attended the other. Are we eligible to apply for the Rock My Business Start-up Awards? Only one business partner (who meets all eligibility criteria) can apply for the Rock My Business Start-up Awards. This person must have attended both Rock My Business Plan and Rock My Cashflow workshops. Where can I fill out the application for the Rock My Business Start-up Awards upon completing the workshop? The application form will be emailed to participants after they have attended both a Rock My Business Plan and a Rock My Cash Flow workshop. If you have attended both sessions in the past and have not received an email with the link to the application, please contact [programs@futurpreneur.ca](programs@futurpreneur.ca) Are co-ops and/or not-for-profits eligible to apply? Co-ops and Not-for-Profits are eligible, but they need to show that they will be generating revenue and not incurring losses from the start. The business plan needs to focus on the revenue-generating business model (as opposed to fundraising) and will be evaluated on the revenue-generating business model. Can we apply for more than one award? Yes, if you are eligible for the award. Do all businesses qualify for the RMB StartUp Awards? A business plan must fall within specified industry guidelines to be eligible for the RBC Rock My Business Start-up Awards. Some ineligible businesses include those operating in the following sectors: alcohol, tobacco, cannabis, gambling, gaming, and firearms. For a full detailed list of ineligible businesses, please consult the list here. Does the jury look favorably on a particular type of business? No. If you meet the eligibility requirements, the jury will base their decision on the merit and strength of the business plan and cash flow. What is the jury looking for? Some of the criteria that the jury will consider include: Potential for sustainable revenues. The use of the award to

FAQs

What do I need to do to be eligible for the RMB Rock My Business Start-up Awards?

You must attend both the “Rock My Business Plan” and “Rock My Cashflow” workshops. You must also submit the “RBC Focused Business Plan” template and the “RBC’s 12 Months Cashflow” template.

Are Futurpreneur “Focused Business Plan” and the 24 months cashflow template accepted?

No. If you submit Futurpreneur’s templates, the application will be ignored.

What age and ownership rules apply to eligibility?

Only entrepreneurs between ages 18 and 39 are eligible. For majority ownership, the business’s majority owner (51% or more) must be under 40 before July 1st, 2025, and proof of majority ownership is requested during due diligence.

Sep 12, 2026

Upload by Violet