How much funding can be received?

Get financial assistance, business counselling and technical support to start or grow a business in Southwest New Brunswick — including Fredericton — if you are between the ages of 18 and 34.

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This grant is available to companies located within the CBDC Southwest service area, including the city of Fredericton. It aims to support youth entrepreneurship by providing resources and encouragement for self-employment.

CBDC Southwest service area.
City of Fredericton.

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$17,000

Developing a community kitchen to support young food entrepreneurs

$30,000

Establishing a youth entrepreneurship hub

$20,000

Opening a co-working space for young freelancers

$15,000

Creating a digital marketing agency focusing on local businesses

$25,000

Launching a tech startup focused on youth education through AI tools

$22,000

Launching a sustainable fashion line by local young designers in St Andrews

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Eligibility for this grant is determined by specific requirements related to the applicant's age and location.

The applicant must be between 18 to 34 years old.
The applicant must reside within the CBDC Southwest service area, including the city of Fredericton.

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The Youth Entrepreneurship Development Initiative (YEDI) is aimed at young entrepreneurs aged 18 to 34 years located within the CBDC Southwest service area, including the city of Fredericton. This program is designed to support new and existing youth entrepreneurs and provide them with resources and information to explore self-employment as a viable career path.

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This initiative supports projects designed to enhance entrepreneurial skills and opportunities for youth in the Fredericton area. The eligible activities focus on fostering the growth and development of young entrepreneurs through targeted support and resources.

Workshops and training sessions to develop entrepreneurial skills and knowledge.
Mentorship and networking opportunities with established entrepreneurs and industry professionals.
Access to financing and funding options to support business startup and growth.
Business planning and advisory services to assist in new business creation or expansion.
Facilitation of market research and feasibility studies to explore business opportunities.

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The Youth Entrepreneurship Development Initiative (YEDI) grant has specific evaluation and selection criteria. Applicants will be evaluated based on the following criteria:

Clarity and feasibility of the business proposal
Demonstrated entrepreneurial spirit and commitment
Potential for long-term success and growth
Alignment with the objectives of the program

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Here are the steps to submit an application for this grant:

Step 1: Initial Inquiry
- Contact the CBDC Southwest office to express interest in the Youth Entrepreneurship Development Initiative (YEDI).
- Request detailed information and guidance on the application process.
Step 2: Access Application Forms
- Visit the official CBDC Southwest website or contact their office to obtain the necessary application forms.
- Ensure that you have all the required documents and information ready for completion.
Step 3: Complete Application
- Fill out the application form with your personal details, entrepreneurial idea or business plan, and any required supporting documentation.
- Detail your business objectives, strategies, and expected outcomes.
Step 4: Review and Edit
- Carefully review your application for any errors or missing information.
- Edit and revise the content to ensure clarity and completeness.
Step 5: Submit Application
- Submit the completed application form and supporting documents to the CBDC Southwest office by email, mail, or through their online submission portal if available.
- Ensure submission before the stated deadline.
Step 6: Confirmation of Application Receipt
- Receive a confirmation from CBDC Southwest acknowledging receipt of your application.
- Keep this confirmation for your records and for any follow-up required.

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Here are additional relevant details for this grant:

The initiative may provide access to mentorship opportunities through a network of established entrepreneurs.
Participants might have the chance to attend workshops and training sessions designed to enhance entrepreneurial skills.
Networking events could be organized to connect young entrepreneurs with potential investors and partners.
Support services such as business plan development and financial literacy training may be available.

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1-888-303-2232

Apply to this program

Empowering Youth Entrepreneurs in the Southwest

The Youth Entrepreneurship Development Initiative (YEDI) is an empowering program designed to support and nurture the entrepreneurial spirit among youth aged 18 to 34 in the CBDC Southwest service area, including Fredericton. This initiative aims to inspire young individuals to explore self-employment as a viable career choice, offering extensive resources and guidance to potential and existing entrepreneurs.

Detailed Insight into the Youth Entrepreneurship Development Initiative (YEDI)

YEDI is a transformative initiative aimed at boosting entrepreneurial activities among youth within the CBDC Southwest region. Recognizing the vital role young entrepreneurs play in economic growth and innovation, YEDI's mission is to equip young business minds with the skills, resources, and support necessary to turn their self-employment aspirations into reality. Through a holistic approach, the program is committed to breaking down barriers to entry in the business world by providing tailored support to address the unique challenges faced by young entrepreneurs.

The initiative provides a comprehensive suite of services designed to foster a culture of entrepreneurship among the youth. These services include hands-on workshops, mentorship programs, access to financial advice, and exposure to a network of like-minded individuals and seasoned entrepreneurs. These resources are critical in helping young entrepreneurs develop robust business plans, understand market dynamics, and effectively manage their enterprises.

YEDI is structured to be flexible and adaptive to the needs of individual entrepreneurs. It encompasses tailored mentorship arrangements where young entrepreneurs are paired with industry experts who offer invaluable insights and advice. This mentorship component is particularly crucial for providing personalized guidance and fostering an environment conducive to learning and growth.

Additionally, the initiative emphasizes the importance of education in entrepreneurship. Through its workshops and training sessions, YEDI covers various essential topics such as digital marketing, financial management, legal compliance, and innovative business practices. By equipping young entrepreneurs with this knowledge, the initiative helps them stay ahead in the competitive business landscape.

Financial assistance is another cornerstone of YEDI, designed to alleviate the financial burdens that often deter young individuals from pursuing self-employment. By providing access to start-up funding, business grants, and financial planning services, the initiative ensures that youth are well-positioned to launch and sustain their businesses.

The long-term goal of YEDI is not only to kickstart new businesses but to create a supportive entrepreneurial ecosystem that fosters sustainable economic growth within the CBDC Southwest area. By encouraging the development of innovative products and services, the initiative aims to diversify local industries and improve the overall economic resilience of the region.

In summary, the Youth Entrepreneurship Development Initiative (YEDI) is more than just a support program; it is a catalyst for change that seeks to empower young people to become successful entrepreneurs. By addressing the key barriers to youth entrepreneurship and providing essential resources and guidance, YEDI plays a crucial role in shaping the future of business in the CBDC Southwest service area. Through this initiative, a new generation of business leaders is nurtured, contributing to a vibrant and thriving economic environment in New Brunswick and beyond.