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Youth Ventures NL - NL - Canada

Youth Ventures NL

Last Update: January 24, 2025
NL, Canada
Help for young entrepreneurs in Newfoundland and Labrador

At a glance

Eligible Funding
  • No Condition
Timeline
  • Unspecified
Financing Type
Expert Advice
Eligible Industries
  • All industries
Funds Providers
Program status
Open

Overview

Business planning, marketing, financial advice, human resources information and mentoring for youth aged 12 to 29.

Activities funded

Youth Ventures NL provides various supports to students who want to start their own business. The eligible projects and activities focus on essential aspects of starting and managing a business, as well as personal mentorship and guidance.

  • Business idea development and conceptualization.
  • Creation and refinement of business plans.
  • Conducting market research to validate business concepts.
  • Guidance and direction towards obtaining financing and financial advice.
  • Support for marketing efforts, including assistance with promotional materials.
  • Ongoing mentoring and personal support from business professionals.
  • Providing human resources information and advice for new businesses.
Examples of admissible projects:
$ 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

Eligibility

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.

Who is eligible?

Youth aged 12 to 29 who are interested in entrepreneurship are eligible to apply, particularly students across Newfoundland and Labrador seeking to start businesses.

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.

Eligible geographic areas

This grant is specifically available to young entrepreneurs located within Newfoundland and Labrador, as it is delivered through multiple local sites across the province.

  • All regions across Newfoundland and Labrador.

Selection 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.

How to apply

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.
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.
3

Develop a Business Plan

  • Work with the Regional Coordinator to create a comprehensive business plan.
  • Include market research, financial projections, and marketing strategies.
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.
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.
6

Follow-Up and Receive Feedback

  • Await feedback or additional requests for information regarding your application.
  • Provide any further documentation if required.
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.

Additional information

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

Frequently Asked Questions about the Youth Ventures NL Program

Here are answers to the most common questions about the Youth Ventures NL. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Youth Ventures NL?

How much funding can be received?

What expenses are eligible under Youth Ventures NL?

What is the deadline to apply?

Is the Youth Ventures NL a grant, loan, or tax credit?

Who are the financial supporters of the Youth Ventures NL?

Who is eligible for the Youth Ventures NL program?

Who can I contact for more information about the Youth Ventures NL?

Where is the Youth Ventures NL available?

Are startups eligible for the Youth Ventures NL program?

Are youth (under 40) eligible for the Youth Ventures NL program?

Apply to this program

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