Canadian Youth Business Foundation

Canadian Youth Business Foundation

January 31, 2014 13:35 ET

The Future of Youth Entrepreneurship in Canada Debated Yesterday in Vancouver

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 31, 2014) - Vancouver young entrepreneurs, business, education and community leaders came together yesterday to help create an action plan that identifies achievable opportunities to expand and support youth entrepreneurship.

The Action Entrepreneurship: Growing Young Enterprise roundtable series, hosted by the Canadian Youth Business Foundation (CYBF), 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.

"There are lots of resources out there to help young Canadian entrepreneurs succeed, from awareness-raising and cheerleading, to teaching and training, funding, networking, policy-making and purchasing," said Julia Deans, CEO, CYBF. "Yesterday's conversations surfaced some terrific actionable ideas to leverage these efforts and we're excited to continue the discussion across Canada."

Additional highlights from the Vancouver roundtable included:

  • Brian Wixted, Research Fellow at the Centre for Policy Research on Science and Technology shared the results of the 2013 Global Entrepreneurship Monitor study, the world's largest assessment of entrepreneurial activity. Canada tops the global charts when it comes to the number of 18-34-year-olds actively planning or in the early stages of a new business.
  • Local entrepreneurs took part in Setting the Stage, an interactive panel session in which they shared stories and experiences about four key drivers of youth entrepreneurship: mindset, skills, resources and markets.

Entrepreneurship is the engine that drives Canada's economy and young Canadians are increasingly looking to entrepreneurship as a way to leverage their skills and interests. They are creating news businesses which drive innovation, job creation and government revenues needed to support others.

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.

Contact Information

  • NATIONAL Public Relations
    Ashley Buck
    604-638-7453
    abuck@national.ca

    Canadian Youth Business Foundation
    Lesley Wilmot
    Marketing and Communications Director
    647-680-8165
    lwilmot@cybf.ca