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
Yes, there are projects and activities eligible for this grant. Youth Ventures Program supports young people aged 12-29 in starting their own businesses through various services and mentorship.
- Business planning
- Marketing
- Financial advice
- Human resources information
- Mentoring
- Idea generation
- Market research
- Creating business plans
- Finding financial resources
- Creating marketing materials such as flyers
grant_single|admissibleProjectsExample
$30,000
Ottawa
Establishing a youth-led gardening initiative to promote sustainable urban living
$30,000
Calgary
Developing an artisanal bakery with a focus on locally sourced ingredients
$50,000
Montreal
Creating a business incubator for young entrepreneurs in the tech sector
$30,000
Vancouver
Establishing an eco-friendly café with a focus on zero-waste principles
$45,000
Toronto
Launching a mobile app providing mental health resources for youth
$35,000
Halifax
Launching an online platform to connect young artists with business opportunities
grant_single_labels|admissibility
Participants must be aged 12 to 29 and be interested in starting a business. The program is available to students across Newfoundland and Labrador from May to September each year.
- Aged 12 to 29
- Interest in starting a business
- Available for students in Newfoundland and Labrador
- Program available from May to September
grant_eligibility_criteria|who_can_apply
Eligible types of companies for the Youth Ventures grant include businesses that are organized or operated by youth aged 12 to 29 in Newfoundland and Labrador. The program is inclusive and supports a wide range of business types founded by young entrepreneurs.
- Businesses founded by youth aged 12-29
- Businesses located within Newfoundland and Labrador
- Startups or new business ideas
- Businesses from various sectors and industries
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include costs associated with business planning, marketing, financial advice, human resources information, and mentoring for youth aged 12 to 29.
- Business planning fees
- Marketing expenses
- Financial advisory costs
- Human resources information services
- Mentoring services
grant_eligibility_criteria|zone
The eligible geographic zones for this grant include various regions across Newfoundland and Labrador.
- Northern Peninsula
- All regions of Newfoundland and Labrador
grant_single_labels|register
- Step 1: Identify your business idea and passion - Think about what hobbies or interests you can turn into a profitable venture with the support of Youth Ventures.
- Step 2: Contact a Regional Coordinator - Reach out to one of the 25 Regional Coordinators across Newfoundland and Labrador for guidance and support.
- Step 3: Create a business plan - Work with your Regional Coordinator to draft a comprehensive business plan for your venture.
- Step 4: Conduct market research - Gather information about your target market, competition, and potential customers to ensure there is demand for your product or service.
- Step 5: Seek financing - Explore funding options and financial support that may be available to help start your business.
- Step 6: Develop marketing materials - Get assistance from Youth Ventures to create promotional materials such as flyers, posters, and social media content.
- Step 7: Launch your business - Utilize the support and resources provided by Youth Ventures to officially start your business and begin operations.
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
Summary of Youth Ventures Program
Youth Ventures empowers youth aged 12-29 in Newfoundland and Labrador to transform their hobbies, interests, and passions into profitable businesses through business planning, marketing, financial advice, and mentoring. With 25 regional coordinators and comprehensive support, Youth Ventures has helped over 7000 young people since 1992.
Comprehensive Guide to the Youth Ventures Program for Aspiring Young Entrepreneurs
The Youth Ventures Program is a unique initiative designed to nurture the entrepreneurial spirit among youth aged 12 to 29 in Newfoundland and Labrador. By providing extensive support ranging from business planning, marketing, financial advice to human resources information and mentoring, the program aims to transition hobbies and passions into thriving commercial ventures. Since its inception in 1992, Youth Ventures has significantly contributed to the economic landscape by aiding more than 7000 young entrepreneurs. This article delves deep into the intricacies of the Youth Ventures Program, offering a detailed overview of its history, mission, services, and the impact it has had on young entrepreneurs.
History and Evolution of Youth Ventures
Inception and Early Years
The Youth Ventures Program started in 1992 on the Northern Peninsula with just two participants. This initial small-scale effort was driven by the vision to provide young people with the tools and confidence needed to start their own businesses. The program quickly proved its worth by successfully assisting these first entrepreneurs, thereby laying the foundation for its future expansion.
Provincial Delivery
In 1996, the CBDC network (Community Business Development Corporations) took over the delivery of the Youth Ventures Program, enabling it to extend across various regions of Newfoundland and Labrador. This involvement marked a significant step in the program's evolution, allowing it to leverage the expertise and resources of CBDCs to reach a broader audience.
Expansion and Present Day
Over the years, the Youth Ventures Program expanded its reach to 15 delivery sites initially and grew to 25 sites. Today, it is delivered in partnership with various organizations including CBDCs, Chambers of Commerce, Community Youth Networks, Regional Development Boards, and Town Councils. This wide network of partners provides comprehensive coverage and specialized support to aspiring young entrepreneurs across the province.
Mission and Core Values
The mission of Youth Ventures is to empower young people to turn their hobbies, interests, and passions into profitable and sustainable businesses. The underlying philosophy is that there is no one too young or too old to start a business. The program focuses on nurturing entrepreneurial spirit by providing the necessary support and resources to help young people succeed in their ventures.
Core Values
- **Empowerment:** Youth Ventures is dedicated to empowering young individuals by offering them the tools and knowledge required to start and maintain successful businesses. - **Inclusivity:** The program is designed to be inclusive, covering ages from as young as 7 up to 29, ensuring that everyone, irrespective of their age, can benefit from the support provided. - **Sustainability:** Youth Ventures aims to help young entrepreneurs build businesses that are not only profitable but also sustainable in the long run. - **Community:** By partnering with local organizations, Youth Ventures ensures that the support provided is community-centered and relevant to specific regional needs.
Comprehensive Support Offered
One of the standout features of the Youth Ventures Program is the extensive range of support services it offers. These services are designed to cover every aspect of business creation and development, ensuring that young entrepreneurs have access to all the tools they need to succeed.
Business Planning
Youth Ventures assists participants in creating comprehensive business plans. This includes helping them articulate their business ideas, defining their goals, identifying target markets, and formulating strategies to achieve their objectives. A well-crafted business plan is crucial for securing financing and providing a roadmap for business growth.
Marketing
Effective marketing is vital for the success of any business. Youth Ventures offers guidance on developing marketing strategies, creating promotional materials, and leveraging various marketing channels to reach potential customers. Whether it's social media marketing, email campaigns, or traditional advertising, the program provides the necessary expertise to ensure that young entrepreneurs can effectively promote their businesses.
Financial Advice
Navigating the financial aspects of starting and running a business can be challenging, especially for young entrepreneurs with limited experience. Youth Ventures provides expert financial advice, including budgeting, financial planning, and identifying funding sources. The program also helps participants understand tax obligations and financial compliance requirements.
Human Resources Information
As businesses grow, managing human resources becomes increasingly important. Youth Ventures offers information and guidance on HR practices, including recruitment, employee management, and legal requirements. This ensures that young entrepreneurs can build and maintain effective teams to support their business growth.
Mentoring
Mentorship is a key component of the Youth Ventures Program. Participants have access to experienced mentors who offer guidance, support, and valuable insights based on their own entrepreneurial journeys. This mentorship helps young entrepreneurs navigate challenges, make informed decisions, and build confidence in their abilities.
Success Stories and Impact
Since its inception, the Youth Ventures Program has made a significant impact on the lives of young entrepreneurs in Newfoundland and Labrador. The program's success can be attributed to its comprehensive support, dedicated mentors, and the collaborative efforts of various partner organizations.
Notable Success Stories
- **[Entrepreneur's Name]**: [Brief description of their business and how Youth Ventures helped them succeed.] - **[Entrepreneur's Name]**: [Brief description of their business and how Youth Ventures helped them succeed.] These success stories highlight the transformative impact that Youth Ventures has had on young entrepreneurs, helping them turn their dreams into reality.
Overall Impact
- **Number of Participants**: Youth Ventures works with close to 300 students each year, helping start almost 200 businesses annually. - **Economic Contribution**: The businesses started through Youth Ventures contribute to the local economy by creating jobs, providing valuable services, and fostering a culture of entrepreneurship. - **Community Engagement**: The program promotes community engagement by partnering with local organizations, ensuring that the support provided is tailored to the specific needs of different regions.
How to Get Involved
Eligibility Criteria
The Youth Ventures Program is open to individuals aged 12-29 who are interested in starting their own businesses. There is no requirement for prior business experience, making it accessible to anyone with a passion and a business idea.
Application Process
Interested participants can get involved by reaching out to their local Youth Ventures site. The program operates from May to September each year, but the Provincial Coordinator is available year-round to provide support and answer any questions regarding the application process.
Steps to Apply
1. **Contact Local Site Coordinator**: Reach out to the nearest Youth Ventures site coordinator to express your interest and learn more about the program. 2. **Initial Consultation**: Schedule a consultation to discuss your business idea and the support you need. 3. **Develop a Business Plan**: Work with the coordinator to develop a comprehensive business plan. 4. **Access Resources**: Leverage the various support services offered, including marketing, financial advice, and mentoring. 5. **Launch Your Business**: With the guidance and support of Youth Ventures, launch your business and start your entrepreneurial journey.
Support Beyond the Program
While the program operates primarily from May to September, the support doesn't end there. The Provincial Coordinator is available year-round to provide ongoing assistance and address any queries or challenges that arise after the business is launched.
Conclusion
The Youth Ventures Program stands as a beacon of support for young entrepreneurs in Newfoundland and Labrador. By providing comprehensive resources, expert guidance, and a nurturing community, the program empowers youth to turn their passions into profitable ventures. Whether you're a young individual with a hobby you want to commercialize or a student with a groundbreaking business idea, Youth Ventures offers the support you need to succeed. Join the ranks of over 7000 young entrepreneurs who have benefited from this transformative program and take the first step towards realizing your entrepreneurial dreams.
