Youth Ventures NL
NL, Canada
Help for young entrepreneurs in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Youth Ventures NL
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grant_card_status|open
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Business planning, marketing, financial advice, human resources information and mentoring for youth aged 12 to 29.
grant_single_labels|projects
This grant targets companies located in Newfoundland and Labrador, as evidenced by the program's network and delivery sites. The aim is to empower young people in this province to develop entrepreneurial ventures.
- Businesses in Newfoundland and Labrador.
grant_single|admissibleProjectsExample
$30,000
Establishing a youth-led gardening initiative to promote sustainable urban living
$30,000
Developing an artisanal bakery with a focus on locally sourced ingredients
$50,000
Creating a business incubator for young entrepreneurs in the tech sector
$30,000
Establishing an eco-friendly café with a focus on zero-waste principles
$45,000
Launching a mobile app providing mental health resources for youth
$35,000
Launching an online platform to connect young artists with business opportunities
grant_single_labels|admissibility
Eligibility for accessing the Youth Ventures program is based on specific age-related criteria and participation scope.
- Applicants must be aged between 12 and 29 years old.
- The program is available to students across Newfoundland and Labrador.
- The program is specifically designed for those interested in entrepreneurship.
grant_eligibility_criteria|who_can_apply
Youth aged 12 to 29 who are interested in entrepreneurship are eligible to apply, particularly students across Newfoundland and Labrador seeking to start businesses.
grant_eligibility_criteria|eligible_expenses
This grant aims to support activities that foster entrepreneurship and business development among young individuals. It focuses on empowering youth aged 12 to 29 by providing them with the necessary resources and guidance to initiate and grow their own businesses.
- Business planning and strategy development for start-ups led by youth.
- Marketing support and advice tailored for young entrepreneurs.
- Financial guidance and assistance for youth-led business ventures.
- Access to human resources information to aid in business development.
- Mentorship programs for young individuals interested in entrepreneurship.
- Support for creating promotional materials such as flyers for youth-owned businesses.
grant_eligibility_criteria|zone
The grant covers specific expenses directly related to supporting youth entrepreneurship through business planning and related services.
- Business planning and development costs.
- Marketing and promotional expenses.
- Financial advisory services.
- Human resources consulting and informational services.
- Mentoring and support program costs for young entrepreneurs.
grant_single_labels|criteria
The evaluation and selection criteria for this specific grant were not provided in the context or through accessible online resources, hence detailed criteria and point scores cannot be listed.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Explore Eligibility and Resources
- Review the Youth Ventures program guidelines to ensure eligibility.
- Explore available resources and supports provided by Youth Ventures, such as business planning tools and marketing advice.
- Step 2: Contact a Regional Coordinator
- Find and contact one of the 25 Regional Coordinators across Newfoundland and Labrador for guidance and support.
- Discuss your business idea and receive assistance in shaping it into a viable business plan.
- Step 3: Develop a Business Plan
- Work with the Regional Coordinator to create a comprehensive business plan.
- Include market research, financial projections, and marketing strategies.
- Step 4: Identify Funding Opportunities
- Get guidance from the Regional Coordinator on available funding opportunities specific to your business idea and needs.
- Prepare any required documentation to apply for financing options.
- Step 5: Submit Your Business Plan
- Submit your completed business plan and any supplementary documents to the relevant Youth Ventures contact or funding agency as advised.
- Ensure all documents meet submission guidelines and deadlines.
- Step 6: Follow-Up and Receive Feedback
- Await feedback or additional requests for information regarding your application.
- Provide any further documentation if required.
- Step 7: Participate in Program Activities
- If accepted, engage in the activities and supports offered by Youth Ventures, such as mentoring and workshops.
- Utilize these resources to refine and implement your business venture.
grant_single_labels|otherInfo
Youth Ventures empowers young people aged 12 to 29 to turn their hobbies and passions into profitable businesses, offering support in business planning, marketing, financial advice, and more. The program operates across Newfoundland and Labrador with 25 regional coordinators available to assist students each year.
- Open to youth aged 12-29
- Assistance available from May-September, with a Provincial Coordinator available year-round
- Started in 1992 on the Northern Peninsula
- Delivered through 25 sites in partnership with multiple organizations
- Helps nearly 300 students annually start almost 200 businesses
- Program includes help with creating flyers and market research
- Partnerships with CBDCs, Chambers of Commerce, Community Youth Networks, Regional Development Boards, and Town Councils
Apply to this program
Empowering Youth through Entrepreneurial Support
This grant initiative is dedicated to fostering entrepreneurship among young individuals in Newfoundland and Labrador by providing a comprehensive suite of services. It aims to transform youthful enthusiasm and innovative ideas into thriving business ventures across the province.
In-Depth Insights into Youth Ventures Grant and Its Beneficial Framework
The Youth Ventures Grant is a unique program tailored to inspire and empower youth aged 12 to 29 in Newfoundland and Labrador, facilitating their journey into the world of entrepreneurship. Since its inception in 1992, the program has grown significantly, expanding from its initial location on the Northern Peninsula to 25 Regional Sites across the province. The primary mission of Youth Ventures is to guide young people in converting their passions and hobbies into profitable business undertakings, thus fostering a spirit of innovation and entrepreneurship among the young population.
With over 7000 young entrepreneurs nurtured since its founding, the Youth Ventures Grant stands as a testament to the effective support and resources it offers to aspiring business minds. The program is operational primarily during the May-September period each year, offering a wide array of services including business planning, marketing strategy development, financial advice, and mentoring. Even though its peak operational phase is limited to a few months, the Provincial Coordinator remains available year-round to provide ongoing support and guidance.
The program's comprehensive framework ensures that young entrepreneurs are equipped with the necessary tools to succeed. This includes guidance on creating a robust business plan, conducting market research, and identifying potential funding sources required to turn ideas into viable businesses. Youth Ventures doesn't just stop at planning; it also extends its support to practical aspects like marketing, by helping create promotional materials such as flyers or enhancing digital presence.
Furthermore, the grant emphasizes inclusivity and accessibility, encouraging students as young as 12, and even younger, to embark on their entrepreneurial journey. Such inclusivity ensures that the program taps into the creative potential at an early stage, thus building a strong foundation for future business success. The strategic partnership with various community organizations such as CBDCs, Chambers of Commerce, and Community Youth Networks strengthens the support ecosystem, providing a well-rounded mentoring and resource platform for the youth.
The expansion of delivery sites also signifies the program's commitment to broadening its reach and impact, ensuring that even the most remote regions of the province have access to these invaluable resources. These partners play a crucial role in helping to navigate the province's unique business landscape, providing tailored advice and lending expertise needed to overcome region-specific challenges.
One of the standout features of the Youth Ventures Grant is its adaptability and relevance to an ever-evolving market. As the economic landscape shifts, the program positions its young participants to not only adapt but thrive amidst changes by continuously offering updated resources and mentoring aligned with current market trends. This proactive approach ensures that the funded ventures are not only initiated but are sustainable and scalable over the long term.
Moreover, Youth Ventures fosters a strong sense of community among its participants, creating a network of young entrepreneurs who can share experiences, insights, and support one another. This network acts as a catalyst for innovation, cross-collaboration, and peer-to-peer mentorship, all of which are critical components in a thriving entrepreneurial ecosystem.
In conclusion, the Youth Ventures Grant is more than just a funding opportunity; it is a comprehensive developmental platform designed to nurture and expand the entrepreneurial capabilities of young Newfoundlanders and Labradorians. By bridging the gap between innovative ideas and practical implementation, the program not only fuels economic growth but also empowers the younger generation to play a pivotal role in shaping the province's economic future.
