Gunn's Hill Artisan Cheese's Shep Ysselstein claims $100,000 Grand Prize
MONTREAL, June 18, 2014 /CNW Telbec/ - The Business Development Bank of
Canada (BDC) today announced that Canadian voters have chosen the
turning point project Cheese Champs, submitted by Shep Ysselstein, owner of Gunn's Hill Artisan Cheese in Woodstock, Ontario, as the winner of the 2014 BDC Young Entrepreneur Award $100,000 Grand Prize.
Shep's project involves the construction of a 2,000 square-foot,
climate-controlled curing and aging extension to his current building
that would allow him to double his annual production of cheese to
60,000 kilograms. His business needs to invest in this expansion to
keep up with high consumer demand for his premium cheeses from grocery
chains and specialty food shops across the province.
"Winning the BDC Young Entrepreneur Award contest means a lot to our
business and to the local dairy economy," says Shep. "We've been
overwhelmed by the amazing public support and I want to thank everyone
who voted for us. I also want to thank BDC for creating a contest that
inspires entrepreneurs to take a hard look at their businesses and come
up with concrete projects that will drive new growth."
"I congratulate Shep on winning the 2014 BDC Young Entrepreneur Award,"
says Michel Bergeron, Senior Vice President, Marketing and Public
Affairs at BDC. "His business illustrates how an entrepreneurial vision
can create real opportunities for any industry, anywhere in Canada.
Gunn's Hill is more than a cheese plant; it's a rural enterprise that
creates jobs and economic activity and drives a small community
"We plan to use the $100,000 Grand Prize to accelerate the growth of our
business," says Shep. "The new curing and aging rooms will allow us to
double our workforce, meet demand for our current products, and create
new premium aged cheeses that will further boost our revenue. We also
hope this boost will put us on track for a future national expansion,
so we can start selling our products across Canada."
The contest runner-up, who will receive $25,000 in consulting services
offered by BDC, is the project Bee Wrapped, submitted by Toni Desrosiers, owner of Abeego Designs, Inc. in Victoria, British Columbia.
About the 2014 BDC Young Entrepreneur Award contest
Created by the Business Development Bank of Canada in 1988, the BDC
Young Entrepreneur Award contest pays tribute to remarkable Canadian
entrepreneurs between 18 and 35. For the first time in 2014, a national
committee evaluated the quality of the finalist projects and gave each
finalist a ranking that was combined with the public vote. The national
committee evaluation was weighted to account for 30% of each project's
final ranking and the public vote accounted for the remaining 70% of
the ranking. Online voting in the BDC Young Entrepreneur Award contest
took place between May 29 and June 12 at www.bdc.ca/yea.
About the 2014 BDC Young Entrepreneur Award finalists
Nine projects competed for Canada's votes in the 2014 BDC Young
Entrepreneur Award contest. Each finalist described, via a video
submission, a turning point their company had reached as well as their
solution to achieve future growth and success:
Bee Wrapped, Toni Desrosiers, 34, Abeego Designs, Inc., Victoria, British Columbia
Waste with Purpose, Devin Goss, 29, BluPlanet Recycling Inc., Calgary, Alberta
Building Boom, Nathan Wilhelm, 30, Wilhelm Construction Services Inc., Estevan,
Compost Kings, Dale Overton, 34, Overton Environmental Enterprises Inc. (OEE),
Cheese Champs, Shep Ysselstein, 31, Gunn's Hill Artisan Cheese, Woodstock, Ontario
Room with a View, Louis-Philippe Noel, 34, Innvue, Quebec City, Quebec
Clear Waters, Pat Whalen, 33, LuminUltra Technologies Ltd., Fredericton, New
Brighter Smiles, Paula MacPherson, 31, Southgate Dentistry, Bedford South, Nova Scotia
Northern Exposure, Nicole Redvers, 32, Gaia Integrative Clinic, Yellowknife, Northwest
Canada's business development bank, BDC puts entrepreneurs first. With
almost 2,000 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital,
securitization and consulting services to more than 28,000 small and
medium-sized companies. Their success is vital to Canada's economic
SOURCE: Business Development Bank of Canada
For further information:
Senior Advisor, Public relations