Canadian Youth Business Foundation

Youth Entrepreneurship Project

BE THE BOSS. Control your financial freedom, do what you want to do, and reap the benefits of your hard work.


Are you a young entrepreneur, aged 18 – 34, ready to start your own business? If so, PICS in partnership with the Canadian Youth Business Foundation (CYBF) is your ‘go to’ resource and we can help you bring a business idea to life! From pre-launch to growth and expansion, we will supports young entrepreneurs throughout the life-cycle of their businesses by providing pre and post-launch coaching, financing, mentoring and business resources.

  

We can help put your ideas into motion by providing:

  • Pre-Launch Coaching
  • Flexible Start-Up Financing
  • World-Class Mentoring
  • Online Business Resources

How to Qualify

  • You are 18-34 years old
  • Have a viable business plan that is new or under a year old
  • You plan on making your business a full-time career
  • You are eligible to work in Canada (work permit holders are not eligible for this program)
  • You agree to work with a mentor for a minimum of 2 years
The Canadian Youth Business Foundation’s (CYBF) Start-up Program provides the support you need to make your business idea a reality. On top of coaching and resources to help you create a winning business plan, CYBF also provides mentorship, financing and post-launch services to position you and your business for long-term success.
 
For more information contact Deshpal Grewal @ PICS, 604 596 7722, deshpal.grewal@pics.bc.ca



Youth Entrepreneurship Project


This project aims at helping youth entrepreneurs between the ages of 18 and 34 years to launch their businesses and become self-employed. The participants would be supported during the launch of their businesses through pre and post-launch coaching, financing, mentoring and business resources. Volunteer mentors would be available to youth entrepreneurs for a duration of two years.
 

PICS is now accepting 15 participants. Spots are limited and youth will be assisted on a first come first served basis.


Project Partners
As a Community Partner of Canadian Youth Business Foundation (CYBF), PICS will be supporting youth entrepreneurs with accessing start up loans from CYBF. This is a character based loan based on their credit rating. Youth entrepreneurs can get a loan of up to $ 45,000; and newcomer youth entrepreneurs (with less than five years of residency in Canada) who do not have a credit history can get a loan of up to $ 15,000 to launch their businesses. Thereafter, having run their business successfully; between 3 to 5 years, they could become eligible for the Expansion Program which provides financing of up to $ 30,000 so as to be able to expand their business.
 
Students In Free Enterprise (SIFE) from the BCIT chapter are supporting PICS towards delivery of this project. SIFE members at BCIT who are business students/faculty would be supporting youth entrepreneurs from this project in the areas of financial planning, marketing, operations, and creative design on an ongoing basis. For the first batch of participants, workshops would be delivered during the months of March and April 2012 that would cover subjects to include:
  • Goal setting
  • SWOT analysis
  • Budgeting and funding
  • Marketing
  • Basic computers
  • Presentation skills