Canadian Youth Business Foundation

Canadian Youth Business Foundation

February 25, 2014 15:26 ET

What Do Young People in Saskatchewan Need to Start and Run Their Own Businesses? Regina Entrepreneurs Tell CYBF at Roundtable Event

REGINA, SASKATCHEWAN--(Marketwired - Feb. 25, 2014) - The Canadian Youth Business Foundation (CYBF) wants to know what will inspire and help more young people to consider entrepreneurship and to start new businesses. CYBF convened a group of young entrepreneurs, business, education, non-profit, policy and community leaders in Regina today to help chart a plan to expand youth entrepreneurship in Canada.

The Action Entrepreneurship: Growing Young Enterprise roundtable series, hosted by CYBF, is tapping into the bold ideas and collaborative spirit of young business owners and those who support them to identify the top opportunities to advance 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 a lot of resources out there to help young Canadian entrepreneurs succeed. At CYBF, we help them leverage these resources and connect them to mentors and other vital support," said Julia Deans, CEO, CYBF. "The feedback and ideas we received from the group today will help to create a feasible and realistic action plan for CYBF and others to help them even more, and will also encourage more entrepreneurs to step up and tell their stories of success and failure."

Additional highlights from today's Regina roundtable included:

  • Honourable Bill Boyd, Minister of the Economy in Saskatchewan, discussing the opportunities for young entrepreneurs to capitalize on the wave of retiring business owners
  • Results of the 2013 Global Entrepreneurship Monitor study, the world's largest study of entrepreneurship, reporting that entrepreneurs are among the happiest people in the world in terms of job fulfillment, and that 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 and that women are playing a bigger role
  • Local entrepreneurs sharing their stories and experiences about the entrepreneurial mindset, skills, resources and markets

"The people of Saskatchewan are known for their excellent work ethic and truly embody the spirit of entrepreneurship. They are unique individuals in that they are willing to take risks, and in most cases, are richly rewarded for doing so," said Honourable Bill Boyd, Minister of the Economy in Saskatchewan. "A transfer of power in small businesses to the younger generation of Saskatchewan is in the near future. Entrepreneurship goes beyond the start up of a new business and includes the opportunity to capitalize on the wave of retiring baby-boomers who own their own businesses."

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

  • For more information, or to arrange an interview,
    please contact:
    NATIONAL Public Relations
    Mallory McCredie
    403-652-6265
    mmccredie@national.ca