Canadian Youth Business Foundation

Canadian Youth Business Foundation

January 29, 2014 09:45 ET

Young Entrepreneurs, Business and Education Leaders Hone in on Opportunities to Improve Calgary's Entrepreneurial Landscape

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) -

Editors Note: There are two photos associated with this press release.

A group of young entrepreneurs, business, education, non-profit, policy and community leaders came together in Calgary yesterday to chart a path to take advantage of opportunities to advance 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. "Today'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 Calgary roundtable, held at the University of Calgary, included:

  • The Honourable Dave Hancock, Deputy Premier and Minister of Innovation and Advanced Education, discussed the need for a platform to bolster the entrepreneurial spirit
  • Results of the 2013 Global Entrepreneurship Monitor study, the world's largest study of entrepreneurship. 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, reported Dr. Peter Josty, Executive Director of the Centre for Innovation Studies
  • Local entrepreneurs shared their stories and experiences about four key drivers of youth entrepreneurship: mindset, skills, resources and markets

"Organizations such as CYBF recognize the need for a platform to assist entrepreneurial spirit and unleash innovation for learning and leading," said Minister Hancock. "We are focused on what it is that makes it possible for entrepreneurs to engage early, often and successfully. Today's roundtable discussion will provide great direction to address this initiative."

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:

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.

To view the photos associated with this press release, please visit the following links:

Contact Information

  • For more information, or to arrange an interview,
    please contact: NATIONAL Public Relations
    Mallory McCredie

    Canadian Youth Business Foundation
    Lesley Wilmot
    Marketing and Communications Director