Canadian Youth Business Foundation



Canadian Youth Business Foundation

February 05, 2014 09:40 ET

Young Entrepreneurs and Leaders Take Action in Winnipeg

WINNIPEG, MANITOBA--(Marketwired - Feb. 5, 2014) - Young entrepreneurs, business, education and community leaders from Winnipeg 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 way 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.

"Expanding youth entrepreneurship will deliver the ingenuity and economic growth Canada needs," said Julia Deans, CEO, CYBF. "It is vital that we continue to help young entrepreneurs realize their dreams in order to significantly expand youth entrepreneurship across Canada. Our Winnipeg Roundtable surfaced many excellent and actionable ideas to help achieve this goal."

Additional highlights from the Winnipeg roundtable included:

  • Julia Deans, CEO, CYBF 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.

Local entrepreneur Obby Khan, CEO of Shawarma Khan, participated in the roundtable and "Setting the Stage" session. "This roundtable was a truly valuable event that brought together entrepreneurs, mentors and industry leaders from Winnipeg who all have the same goal of seeing entrepreneurship thrive in the province," he said.

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 new businesses which drive innovation, job creation and government revenues need to support others.

Many others engaged online as commentary from the roundtable was shared and discussed via social media (@CYBFM /@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
    Emily Richardson
    647-208-0783
    erichardson@national.ca

    Canadian Youth Business Foundation
    Joelle Foster
    Director, Manitoba and North
    204-227-2232
    jfoster@cybf.ca