RBC Future Launch Scholarship

Have you tried your possible best to search for the right scholarships you qualify for so you can help yourself financially while in school? The Royal Bank of Canada in partnership with Universities Canada presents its new skill-focused scholarship program for Canadian youths from age 15-29 who are looking to gain new skills for the modern workforce. The RBC future launch scholarship is intended for students who are able to show their passion and a clear vision for their future.

The Royal Bank of Canada (RBC) is one the top banks and a leading financial services provider in Canada, therefore, they help their customers, their families and their communities achieve success through a broad range of services, including personal and commercial banking, capital markets, wealth management and private banking, corporate and investment banking and so much more.

In this article, we’ll discuss more about the scholarship and its requirements, the partners and how to apply.


About The RBC Future Launch Scholarship

In January, 2020, RBC launched applications for the RBC Future Launch Scholarship that will aid Canadian youths financially to learn a new skills or continue with an existing ones. The scholarship worth $1,500 will be awarded to over 450 students each. The funds can be used by students to sponsor themselves with a wide range of skill learning opportunities such as online training, short-term courses, workshops, certificates and so on.

“We’ve listened to Canadian youth and believe our reimagined scholarship will better address the support young people need to thrive in today’s rapidly-changing economy, by enabling young people to learn a new skill or build on existing ones, we are empowering them to create a stronger future for themselves” said Mark Beckles, Senior Director, Youth Strategy and Innovation, RBC.

Applicants are not required to submit their grades and transcripts contrary to the usual scholarships process. Instead, the scholarship winners will be chosen based on their passion and commitment to skilled learning with how they plan to achieve excellence in their chosen field of study.

Scholarship Requirements

The RBC Future Launch Scholarship is open to interested applicants who are:
  • a Canadian Citizen or Permanent resident
  • a youth between the ages of 15 to 29 years old
  • enrolled part time in school or not in school at all
  • grades and transcripts are not required
  • not necessarily working at RBC or a dependent of someone working for RBC
RBC also partnered with Universities Canada to carry out the applications and decide the winners.

Who Are Universities Canada?


Universities Canada is the voice of Canadian universities, both home and abroad and a leader in scholarship management in Canada for more than five decades.

The institution is a membership organization providing university presidents with a unified voice for higher education, research and innovation. Universities Canada, formerly known as the Association of Universities and Colleges of Canada, advances the mission of their member institutions to transform lives, strengthen communities and find solutions to the most pressing challenges facing the world. Listed below are the qualities and services they are known for:

  • Advocate for Canadian universities at the federal level
  • Provide a forum for university leaders to share ideas and address challenges in higher education
  • Support students by providing online information on university study and offering scholarships on behalf of private sector companies
  • Foster collaboration among universities and governments, the private sector, communities and international partners to help build a better world



About RBC

The Royal Bank of Canada is one of the largest banks in Canada and also one of the largest banks in the world, based on market capitalization. For more than 150 years, the bank has committed to assisting their customers thrive and communities prosper, promoting strategic and vital initiatives to impact on society, the environment and the economy. 

“We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.” SOURCE