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$3,000 for student entrepreneurs to launch Durham start-ups

The region’s Business Advisory Centre Durham (BACD) is accepting applications for its Summer Company program, which offers returning students funding and support to launch a business.

According to BACD, successful applicants receive up to $3,000 in start-up funding, along with training, coaching, and mentoring from business advisors. The program is funded by the province and managed in Durham Region by BACD.

According to BACD, applicants must meet the following criteria:

  • Be between the ages of 15 and 29 (a parent or guardian must sign for those under 18).
  • Be currently enrolled in school and returning in the fall (including full-time, part-time, homeschooling, e-learning, distance learning, apprenticeships, and trade schools).
  • Be starting a new business.
  • Not be working another job or attending school for more than 12 hours per week during the program.
  • Be a Canadian citizen or permanent resident living in Ontario.
  • Not have received a Summer Company grant in the past.

Full eligibility requirements can be found on BACD’s Summer Company website.

BACD states that the Summer Company program generally runs from June to Labour Day (Monday, September 1). Participants must commit to:

  • A minimum of 280 hours if they are high school students.
  • A minimum of 420 hours if they are post-secondary students.

BACD describes the Summer Company program as an opportunity for students to gain hands-on experience in entrepreneurship. Participants will launch a business, develop marketing strategies, generate sales, and manage bookkeeping. BACD states that these skills provide students with practical business experience and preparation for future success.

Applications close on Sunday, May 4. More information is available through BACD.

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