Welcome!

News Feed Item

Government Committed to Building Canada's Next Generation of Entrepreneurs

Economic Action Plan 2013 Helps Young Entrepreneurs and Builds Canada's Economy

OTTAWA, ONTARIO -- (Marketwired) -- 02/06/14 -- Industry Canada

Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture), today participated in a Canadian Youth Business Foundation (CYBF) round table to discuss how to build a strong culture of youth entrepreneurship in Canada. He also highlighted the Government of Canada's continued support for young entrepreneurs as announced in Canada's Economic Action Plan 2013.

This funding will help the CYBF continue to support the ideas, innovation and entrepreneurial spirit of our young business minds, while helping them to create jobs and economic growth in Canada.

The Minister of State also reinforced the key role of entrepreneurs in creating jobs and spurring economic growth. He explained the Government of Canada's efforts to cut unnecessary government red tape, which will save entrepreneurs time and money.

Quick facts


--  The CYBF is a national not-for-profit organization that works with young
    entrepreneurs to help them become the business leaders of tomorrow
    through mentorship, expert advice, learning resources and start-up
    financing.
--  The CYBF has helped approximately 5,600 young business people establish
    successful enterprises that have generated 23,000 new jobs. Small
    businesses are the engine of the Canadian economy. In Canada, small
    businesses represent 98 percent of all businesses, account for nearly 7
    in 10 jobs in the private sector and contribute about 30 percent to GDP,
    proving to be important economic drivers and sources of job creation.

Quotes

"Investing in Canada's young entrepreneurs will provide them with the tools they need to turn their ideas into successful businesses. Actions have been taken to create the best possible business environment and to empower Canada's young entrepreneurs to grow their businesses and grow our economy."

- Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture)

"With the federal government's investment of $18 million over two years, CYBF and its many partners will help thousands of young entrepreneurs to realize their dreams and to start and grow businesses in communities across Canada. This investment and belief in youth enterprise means more job creation and economic growth for the benefit of all Canadians. We are delighted to partner with the Government of Canada to help more young entrepreneurs succeed."

- Julia Deans, CEO, Canadian Youth Business Foundation

Related products


--  Backgrounder

Associated links


--  www.cybf.ca

Follow us on Twitter: @IndustryCanada

BACKGROUNDER

CANADIAN YOUTH BUSINESS FOUNDATION

Small and medium-sized enterprises play a vital role in our economy. The Government of Canada is working to help small businesses access the resources and capital that they need to grow into globally competitive firms.

The Canadian Youth Business Foundation (CYBF) supports these efforts by filling an important gap and providing support to the next generation of business leaders by offering financing of up to $15,000 to young entrepreneurs aged 18 to 39 who would not likely be able to secure financing elsewhere. The CYBF is different from other programs in that it matches its clients with experienced volunteer business mentors that provide them with business advice, coaching and support. This combination is key to the entrepreneur's success.

The CYBF has helped approximately 5,600 young entrepreneurs to establish successful businesses that have created some 23,000 new jobs since 2001.

The Government of Canada has invested over $75.5 million to support the CYBF. Economic Action Plan 2010 allocated $10 million to support young entrepreneurs. Economic Action Plan 2011 invested $20 million over two years, and Economic Action Plan 2013 provides a further $18 million over two years to enable the CYBF to continue its important support to young entrepreneurs.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...