Students getting and giving an education both in and out of the
TORONTO, Feb. 13, 2012 /CNW Telbec/ - Advancing Canadian
Entrepreneurship (ACE) students are helping to fuel Canada's economic
and entrepreneurial engine and are getting support through a
partnership with the Business Development Bank of Canada (BDC).
As part of a new commitment, BDC recently pledged $150,000 over a
three-year term to support Students In Free Enterprise (SIFE), a team
program operated by ACE. The partnership has been improved by the
development and launch of a grant program that empowers student teams
with the skills and resources to make a meaningful difference in their
communities through entrepreneurship.
BDC SIFE Entrepreneurs First! Project Fund has awarded six grants of
$2,500 to six SIFE teams to develop and implement projects that serve
to accelerate the success of Canadian entrepreneurs. Teams are also
assigned a local BDC project advisor to help support their efforts.
The schools participating in this year's BDC SIFE Entrepreneurs First!
Project Fund include Brandon University (Brandon, Manitoba), Concordia
University (Montreal, Québec), Lakehead University (Thunder Bay,
Ontario), Okanagan College (Kelowna, British Columbia), Saint Mary's
University (Halifax, Nova Scotia) and the University of Windsor
"As part of our commitment to entrepreneurship, we recognize the
importance of promoting business education and creating opportunities
for future entrepreneurs," says Michel Bergeron, Vice President,
Corporate Relations at BDC. "BDC is proud to partner with ACE and SIFE
to encourage student involvement in local communities. SIFE projects
target students at an age when they start to think about career
choices. This is an ideal time to discover that being entrepreneurial
in tackling social and business challenges can be a very valuable and
Projects are based on specific needs identified by the students in each
community. Initiatives include: providing skills and confidence to new
immigrants to start entrepreneurial ventures; kick starting struggling
small businesses to encourage growth and prosperity; tackling local
unemployment issues with skills diversification; and, promoting
sustainable entrepreneurship in depressed aboriginal areas.
"BDC is a natural fit for ACE because we both share a passion for
encouraging communities to find unique, entrepreneurial solutions to
everyday economic problems," says Amy Harder, President of ACE. "The
students involved with our program are making a difference by improving
the livelihood of others while becoming stronger individuals
Teams will present the outcomes of their projects as part of their
overall entrepreneurship program at upcoming regional and national
competitions taking place throughout Canada in March and May 2012.
Advancing Canadian Entrepreneurship (ACE) is a national, charitable
organization that is teaching and igniting young Canadians to create
brighter futures for themselves and their communities. By implementing
entrepreneurial projects and ventures with real impact, ACE students
make a meaningful contribution to their communities today, while also
discovering their potential to achieve an even greater impact as the
leaders of tomorrow. ACE delivers a team-based program called Students
In Free Enterprise (SIFE) and an individual-based program, Student
Entrepreneur. SIFE projects allow students to apply business concepts
learned in the classroom to develop and implement community outreach
projects that improve the quality of life and standard of living for
people in need. The Student Entrepreneur program has been credited with
enhancing the success of students operating their own businesses,
creating jobs and encouraging economic growth.
In the past year alone, ACE students ran over 500 projects, created over
640 jobs, directly impacted over 94,500 people, logged 287,000
volunteer hours and generated over $12,000,000 in economic opportunity.
ACE is currently established on 60 post-secondary campuses across
Visit www.acecanada.ca for more information.
Canada's business development bank, BDC, puts entrepreneurs first. With
almost 1,900 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital
and consulting services to 29,000 small and medium-sized companies.
Their success is vital to Canada's economic prosperity.
Visit www.bdc.ca for more information.
SOURCE BUSINESS DEVELOPMENT BANK OF CANADA
For further information:
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