Business Development Bank of Canada

Business Development Bank of Canada

June 23, 2009 12:16 ET

Deadline Extended to Apply for a BDC Young Entrepreneur Award

Young entrepreneurs aged 19 to 35 have until July 1st to enter the competition

MONTREAL, QUEBEC--(Marketwire - June 23, 2009) -

Editors Note: A photo and video are included with this press release.

Entrepreneurs looking for an opportunity to increase their profile and differentiate themselves from the competition should consider entering the 2009 Young Entrepreneur Awards, developed by Business Development Bank of Canada (BDC). The competition, now in its 21st year, is open to entrepreneurs aged 19 to 35 from across Canada. The deadline for entries has now been extended to Wednesday, July 1, 2009.

YEA winners benefit from national visibility and from networking and skills development opportunities. Eligible business owners have until July 1st to submit an application for the awards ceremony that will take place on October 20 in Ottawa, Ontario during Small Business Week(R).

Thirteen awards, one for each province and territory, will be presented to young entrepreneurs who stand out in terms of business success, spirit of innovation and community involvement. Applicants are also eligible for two special awards. The Export Development Canada Export Excellence Award will be presented to the company with the best export objectives, strategies and results. This award comes with a $10,000 grant. The Deloitte Corporate Social Responsibility Award will honour the winner whose business stands out in terms of environmental protection practices, sound human resources management and/or community well being. This award comes with general consulting advice worth $20,000.

All YEA applicants will receive a copy of the new "Financial Toolkit for Small and Medium Businesses", a valuable guide for entrepreneurs who seek financing in today's challenging economic climate.

Quotes:

Michel Bergeron, BDC's Vice President of Corporate Relations

"Showcasing role models for new businesses is one of the reasons BDC holds the Young Entrepreneur Awards every year. In promoting Canadian entrepreneurship, we believe it is important to recognize the contribution of young people to our economy. Award winners benefit from national recognition and increased visibility, which can bring added value to their company brand."


Sidney Sommer
UCIT Online
2007 YEA Ontario Winner

"Winning the YEA was an incredible experience, definitely the highlight of my career so far. This has brought our company to the next level by giving us national exposure. I encourage all young entrepreneurs with a successful business to apply because BDC will give your company the exposure it deserves."

Nomination procedure

Entrepreneurs can nominate themselves or be nominated by another individual, representatives of provincial and local government or by private or public associations. Nomination forms are available for download at www.bdc.ca/yea. To obtain a printed version visit any BDC branch or send an email to yea@bdc.ca . Nominations must be received by July 1st, 2009.

Selection criteria

The winners will be selected by provincial panels comprising business people, entrepreneurs, members of Chambers of Commerce and BDC representatives. Selection criteria include: the originality of the business concept, its success, growth potential, and social involvement. The panel also considers the entrepreneur's age when the business was started and any special challenges that were overcome. Candidates from previous years may re-enter the competition.

For detailed information about the selection criteria, nomination procedures and testimonials from past YEA winners visit www.bdc.ca/yea. For information about Small Business Week call 1 888 INFO BDC (1 888 463-6232) or visit www.bdc.ca.

2009 YEA and Small Business Week partners

Platinum YEA and SBW partners: Deloitte and Export Development Canada

Gold YEA and SBW partners: Borden Ladner Gervais LLP and Maclean

About BDC

BDC is Canada's business development bank. From 100 offices across the country, BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services to entrepreneurs.

(R)Small Business Week is a registered trademark of BDC.

To view the accompanying photo, please visit the following link: http://www.marketwire.com/library/20090623-bdc800.jpg

To view the accompanying video, please visit the following link: www.youtube.com/watch?v=NG2veIPcGtI

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