BDC invites young entrepreneurs to compete for $100,000

If you’re a young Canadian entrepreneur, the Business Development Bank of Canada (BDC) wants to hear from you.

BDC is taking applications for the 2013 edition of its BDC Young Entrepreneur Award. For a shot at $100,000, participating entrepreneurs aged 18 to 35 are invited to present a turning point their company has reached and the solution they propose to take their business to the next level. The first runner-up will win $25,000 in consulting services.

“Showcasing and supporting Canada’s best business talent is an important aspect of our mandate,” said Michel Bergeron, senior vice-president, marketing and public affairs at BDC, in a statement. “The BDC Young Entrepreneur Award is the premier venue to shine a spotlight on some of the challenges young business owners face today.”

Applications are due by April 2nd at noon, EDT. The contest is open to all Canadian entrepreneurs aged 18 to 35, that are Canadian citizens or permanent residents responsible for the daily management of a Canada-based business in which they hold at least 20 per cent of the company’s capital stock.

Applications will need to create a short video describing a turning point their business has reached and the solution that will help them achieve future growth.

“All companies reach a turning point,” said Bergeron. “Some may choose to tap into new markets by implementing an internet strategy; others may decide to acquire new equipment that will increase their overall profitability.

The contest winners will be selected by a public vote.

Source | BDC

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