On Wednesday January 25, the Halton Region Small Business Centre officially launched its partnership with the Canadian Youth Business Foundation (CYBF) at an event held at the Halton Regional Centre.
Guests heard greetings from Regional Chair Gary Carr, Member of Parliament Terence Young, Ellen Kuschnik, representing Kevin Flynn’s office and Sarah Hashem from the Canadian Youth Business Foundation.
Nicole Croft, owner of National E-Counselling and Halton Region’s first successful CYBF applicant, spoke about her experience with the program. Lindsay Gray of Define Hair Design talked about her business and the help she had along with way through Summer Company and a Canadian Youth Business Foundation loan she used to help launch her Burlington salon.
Since its inception in 1996, the Toronto-based Canadian Youth Business Foundation has supported over 4,750 entrepreneurs aged 18-34 with pre-launch coaching, start-up financing and mentorship. These entrepreneurs have created more than 18,600 new Canadian jobs and generated over $129 million in tax revenue and hundreds of millions of dollars in sales and export revenue.
Halton Region’s Small Business Centre will support CYBF Young Entrepreneurs by providing pre-launch coaching including support with business planning, market research, operational planning and guidance through the CYBF application process.
A term loan is available through CYBF of up to $15,000 for those who qualify, and a through a partnership with the Business Development Bank of Canada, additional funding of up to $30,000 may be available.
Are we looking for you?
We are looking for inspired and driven young entrepreneurs who:
- Are 18-34 years old
- Have a business that is a start-up or less than a year old
- Want to start a business as a full-time career
- Are eligible to work in Canada
- Are willing to work with a mentor for a minimum of two years
Successful applicants have:
- A good Credit History
- A viable Business Plan
- Realistic Cash Flow Forecasts
- Two References
- A resume
CYBF looks at character not collateral, so if you have great training, a great idea, great skills and are a motivated entrepreneur, you might be a perfect fit.
The Halton Region Small Business Centre holds an information session on the first Tuesday and third Tuesday each month. Upcoming sessions will be on February 7, 2012 and February 21, 2012. To register for an information session please visit our website.