Business Development Bank of Canada (BDC)

Business Development Bank of Canada (BDC)

March 05, 2012 07:00 ET

2012 BDC Young Entrepreneur Award Contest Launches With New Format and $100,000 Prize

MONTREAL, QUEBEC--(Marketwire - March 5, 2012) -

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Core News Facts

  • The Business Development Bank of Canada (BDC) is launching the 24th edition of the BDC Young Entrepreneur Award contest. The winner will take home the $100,000 BDC Grand Prize for Innovation.
  • The 2012 BDC Young Entrepreneur Award contest continues its history of honouring innovation in business. It invites Canada's young entrepreneurs, aged 18 to 35, to submit a one- to two-minute video to share their plans for an innovation project designed to drive their business to new growth.
  • See complete contest details at bdcyoungentrepreneuraward.ca. Join BDC's Facebook page, BDC Entrepreneur, at facebook.com/BDC.ca for frequent updates about the contest. Applications must be received between March 5 and April 8, 2012.
  • Eleven panels of judges-one for each province and one for the combined territories-will review the submissions and select 11 finalists to compete in the next round of the contest.
  • In a new twist this year, BDC will ask Canadians to vote for their favourite innovation project from May 2 to 22. The winner of the $100,000 BDC Grand Prize for Innovation will be announced on May 28, 2012.
  • The BDC Young Entrepreneur Award contest has promoted entrepreneurship among young Canadians since 1988. The contest pays homage to their innovative spirit, community involvement and business excellence.

Links:

YouTube: youtube.com/BDCBanx

Twitter: @BDC_News #BDCYEA2012

Facebook: facebook.com/BDC.ca

LinkedIn: linkedin.com/company/bdc

Young Entrepreneur Award microsite: bdcyoungentrepreneuraward.ca

Business Development Bank of Canada site: bdc.ca

More Multimedia Available by Request:

Visit the 2012 BDC Young Entrepreneur Award microsite at bdcyoungentrepreneuraward.ca. This microsite also features application information, entry tips, important contest dates, rules and regulations, links to articles on innovation, testimonials from previous BDC Young Entrepreneur Award winners and media materials.

Pre-Approved Quotes:

"In our experience, successful innovation is often incremental for small and medium-sized businesses-a simple but creative improvement to an existing product, service or process," said BDC President and CEO Jean-René Halde. "We encourage young entrepreneurs to participate in the contest and share their innovation plans. This $100,000 prize represents a once-in-a-lifetime opportunity to make a business vision come true and emerge as a true business leader."

"Projects such as the 2012 BDC Young Entrepreneur Award generate a great return on investment," says Grant Ellis, managing editor of the Financial Post. "The finalists receive well-earned exposure and, most importantly, the contest is a great opportunity for young entrepreneurs to take their companies to the next level. The Financial Post is proud to partner with the 2012 BDC Young Entrepreneur Award contest."

"Les Affaires Group is proud to be associated with the 2012 edition of the BDC Young Entrepreneur Award," said Stéphane Lavallée, vice president, Business Solutions and editor, Les Affaires, TC Media. "Our organizations share a mandate to support and accelerate the development of a new and vital generation of entrepreneurs. This is an essential part of our daily activities. And thanks to this contest, we are able to enrich our contribution."

Boilerplate Statement:

About the BDC Young Entrepreneur Award contest

Created by the Business Development Bank of Canada in 1988, the BDC Young Entrepreneur Award contest pays tribute to successful Canadian entrepreneurs between 18 and 35 years of age. For the first time in 2012, the contest will see 11 finalists competing for the BDC Grand Prize for Innovation which will award $100,000 to one young Canadian entrepreneur to carry out a specific innovation project. The Financial Post is the exclusive media partner of the BDC 2012 Young Entrepreneur Award. The contest is sponsored by Les Affaires.

About BDC

Canada's business development bank, BDC, puts entrepreneurs first. With almost 1,900 employees and more than 100 business centres across the country, BDC offers financing, subordinate financing, venture capital and consulting services to 29,000 small and medium-sized companies. Their success is vital to Canada's economic prosperity.

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