Jr. Economic Club of Canada

Jr. Economic Club of Canada

August 30, 2016 12:16 ET

Teens Pitch Business Ideas to Bay Street Leaders

TORONTO, ONTARIO--(Marketwired - Aug. 30, 2016) -

Editors Note: There is a photo associated with this press release.

On Friday the Jr. Economic Club of Canada (Jr. EC) celebrated the culmination of its fourth annual "Bay Street Boot Camp," a five-day financial literacy course and entrepreneurial challenge that brought 50 students to the heart of the financial district in Toronto. Students, giving up one of their last weeks of summer freedom, hailed from across the GTA, Rama First Nation and Wikwemikong, and Iqaluit, Nunavut. Ontario's Education Minister, The Honourable Mitzie Hunter, kicked off "Pitch day" by welcoming students, parents and judges and underscoring the importance of financial literacy and experiential learning.

Fundata provided the grand prize of $10,000 in scholarship money that was awarded to the winning team comprised of Sanaya Polobotu, 13 of Richmond Hill, and Inaara Hasmani, 17 of Toronto for their business idea, "Hoppin," a cloudbased inventory management system that would allow hospitals to better manage inventory, thereby saving them money and helping to minimize waste. Second place winners, Hussein Alkhafaji, 17 of Richmond Hill, Matthew Lynn, 16 of Toronto, and Grace Nowdluk, 15 of Iqaluit, were awarded $4,000 for their business, "24/7 Tutor." Brother-sister duo, Seliya Mawani, 16 and Rahim Mawani, 14 of Richmond Hill took home third place and $1,000 for their idea, "Help." Second and third place prizes were donated by The Investment Funds Institute of Canada (IFIC), in addition to its overall sponsorship of Bay Street Boot Camp.

The "Mega Mind" judging panel included: Tim Egan, President & CEO, Canadian Gas Association; Linda MacKay, Senior Vice President, Branch Banking, Greater Toronto Region, TD Bank Group; Brock Friesen, President & CEO, First Air; Jan Dymond, Vice President, Public Affairs, IFIC; Brooke Biscoe, Vice President, Business Development, Fundata; David McGown, Senior Vice President of Strategic Initiatives, IBC; Carla Hindman, Head of Corporate Communications & Financial Education, Visa Canada.

"TD believes it's important to support and prepare today's youth for future success by creating opportunities for innovative and imaginative thinking," said Linda MacKay, Senior Vice President, Branch Banking, Greater Toronto Region, TD Bank Group. "Bay St. Boot Camp not only equips students with financial education but also the tools to pitch their businesses today and the valuable skills to conquer the school year ahead."

The week-long program exposed students to a variety subjects including basic finance and personal money management, networking, mental health, interview skills and developing a professional personal brand. Bay Street Boot Camp called CPA Ontario's Professional Development Institute home. CPA Ontario First Air and Porter Airlines each played a role in bringing youth from Iqaluit, Nunavut to participate.

"This is my third year serving as a judge at Boot Camp," said Jan Dymond, Vice President, Public Affairs, IFIC. "Each and every year, I'm amazed at the calibre of work that the students deliver. IFIC and its members are proud to support this important program."

Bay Street Boot Camp is made possible by TD Bank Group, The Investment Funds Institute of Canada (IFIC), Fundata, First Air, Porter Airlines, CPA Ontario, Sun Life Financial, Visa Canada, The Insurance Bureau of Canada (IBC), and Kealey & Associates.

About the Jr. EC: President and CEO of the Economic Club of Canada, Rhiannon Traill, created the Jr. EC in 2011 with the goal of encouraging young Canadians to become financially literate. Over the last five years, the Jr. EC has guided more than 7,000 high school students through interactive financial literacy programming and has given out over $75,000 in academic scholarships. For more information visit: www.jreconomicclub.ca.

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