Canadian Youth Business Foundation



Canadian Youth Business Foundation

February 12, 2014 12:21 ET

Montreal's Young Entrepreneurs Come Together to Build a Stronger Culture of Entrepreneurship Across Canada

Education, mentorship and resource coordination are keys to entrepreneurial success

MONTREAL, QUEBEC--(Marketwired - Feb. 12, 2014) - More than fifty young entrepreneurs, business, education, non-profit, policy and community leaders came together in Montreal today to explore and help identify concrete opportunities to expand and support youth entrepreneurship in Quebec and across the country.

For the first time, the Canadian Youth Business Foundation (CYBF) is hosting a series of roundtables across Canada on youth entrepreneurship. The Action Entrepreneurship: Growing Young Enterprise roundtable series is tapping into the bold ideas and collaborative spirit of young business owners and those who support them to identify the best ways to expand youth entrepreneurship in Canada. The 10-city roundtable series will culminate in a national summit in May and an action plan to improve the entrepreneurial ecosystem.

"Although many resources are made available to help young Canadian entrepreneurs succeed, these roundtables help highlight the importance of having a strong network in growing a business," said Julia Deans, CEO, CYBF. "Having access to a wider network not only to helps grow your customer and supplier base, but it also provides access to mentoring, coaching and learning opportunities. We're excited to continue the discussion across Canada and to better support entrepreneurial spirit in young business owners."

Additional highlights from the Montreal roundtable, held at Concordia University's John Molson School of Business, included:

  • Conclusions from the most recent evidence-based research to recommend measures to ensure the growth of youth entrepreneurship, carried out by Global Entrepreneurship Monitor Canada, were presented by Diane-Gabrielle Tremblay, Professor and Research Chair on knowledge economy's socio economic issues, TÉLUQ, offering a portrait of youth entrepreneurship in Quebec.
  • Local entrepreneurs shared their stories and experiences about four key drivers of youth entrepreneurship: mindset, skills, resources and markets

Many others engaged online as commentary from the roundtable was shared and discussed via social media (@CYBFCanada / #AECanada).

More information about the Action Entrepreneurship: Growing Young Entrepreneurs initiative and its roundtables can be found at: www.actionentrepreneurship.ca.

About the Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing Canada's economy one young entrepreneur at a time. We look at character, not collateral, when providing youth aged 18-39 with pre-launch coaching, business resources, low-interest financing of up to $15,000, and industry leading mentoring to help them launch and sustain successful businesses. CYBF's co-financing partner, the Business Development Bank of Canada, leverages CYBF's application process to provide up to $30,000 in additional support for CYBF entrepreneurs.

Established in 1996, CYBF has been recognized as a global leader in advancing youth entrepreneurship. CYBF is a founding member of the G20 Young Entrepreneurs' Alliance, the Canadian member of The Prince's Youth Business International, and the Canadian host of Global Entrepreneurship Week. www.cybf.ca

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