Ontario Invests In Aspiring Entrepreneurs



    
    McGuinty Government Providing Opportunities For Youth To Develop Business
    Skills
    

    TORONTO, May 27 /CNW/ -

    NEWS

    Ontario is giving youth with a flair for fashion a chance to hone their
business skills through the Youth Entrepreneurship Partnerships (YEP) program.
    Youth Employment Services, a recipient of a $70,000 grant under the YEP
program, has teamed up with the Toronto Fashion Incubator to provide training
and workshops on how to launch a career as a fashion designer. Their project,
A Passion for Fashion, will help participants learn about entrepreneurship in
the fashion industry. The project will serve youth and high school students in
13 priority neighbourhoods in Toronto.
    Launched in 2006, the YEP program provides funding to non-profit
organizations for projects that promote the entrepreneurial spirit in youth
aged 12-29. Nineteen organizations have been selected in this third round of
grants, totalling just over $1 million in support.

    QUOTES

    "This project will demystify the world of running your own business for
youth who otherwise may never have the chance to see how to build a career by
combining their creativity with entrepreneurship. The result can be a
rewarding career, where they are also likely to create jobs for others."
    -  Harinder Takhar, Minister of Small Business and Consumer Services
(http://www.sbe.gov.on.ca/ontcan/sbe/en/about_bio_takhar_en.jsp).

    "Our program will teach young people the basics of running their own
business in the fashion industry. With the support from the province, we can
awaken their entrepreneurial spirit with this innovative and exciting
project."
    -  Gabrielle Zilkha, Resource Development and Special Projects
Coordinator, Youth Employment Services.

    
    QUICK FACTS

    -  In its first two rounds of funding, YEP has provided approximately
       $2.27 million to 20 projects.
    -  Since 2006, the Ontario government has contributed grants totalling $4
       million to the Canadian Youth Business Foundation for their work in
       helping youth to create new businesses.
    -  Youth Employment Services was established in 1968 and is the first
       youth employment centre in Canada.

    LEARN MORE

    Find out about Youth Employment Services (http://www.yes.on.ca/) and the
Toronto Fashion Incubator (http://www.fashionincubator.on.ca/).

    Learn more about the Ontario government's other youth programs
(http://www.youthjobs.gov.on.ca/).

    -------------------------------------------------------------------------
                                              ontario.ca/small-business-news
                                                      Disponible en français


    BACKGROUNDER
    -------------------------------------------------------------------------

                     YOUTH ENTREPRENEURSHIP PARTNERSHIPS
    

    Youth Entrepreneurship Partnerships (YEP) provides grants to non-profit
organizations to run programs promoting the development of entrepreneurial
skills in young people (between the ages of 12-29).
    Launched in 2006, YEP provides opportunities for diverse youth groups
across Ontario, particularly youth who are under-served, outside the
mainstream educational system and/or living in rural and remote communities.
    In its first two rounds of funding, YEP has provided approximately $2.27
million to 20 projects which targeted more than 24,300 youth and youth
influencers across Ontario. YEP Round 1 funded six projects, totalling
$673,000, and Round 2 funded 14 projects, totalling approximately $1.59
million.
    Youth Employment Services is one of 19 successful third round recipients
of the YEP grants. For their project, A Passion for Fashion, Youth Employment
Services has partnered with the Toronto Fashion Incubator to offer
participants:

    
    -  A series of business and fashion design workshops to teach the basics
       of running their own business in the fashion industry
    -  Access to one-on-one mentorship from emerging and seasoned industry
       professionals
    -  A chance to compete in Fashionista's Den competition where
       participants will pitch their fashion business plans and sketches to a
       panel of expert judges. The winner will receive a $1,000 prize and a
       free Toronto Fashion Incubator membership which includes 50 hours of
       mentorship.

    OTHER YOUTH ENTREPRENEURSHIP PROGRAMS IN ONTARIO

    -  There are a number of programs for young entrepreneurs in Ontario,
       including: Summer Company
       (http://www.sbe.gov.on.ca/ontcan/sbe/en/youth_summerco_en.jsp), Future
       Entrepreneurs
       (http://www.sbe.gov.on.ca/ontcan/sbe/en/youth_future_en.jsp), Ontario
       Global Edge
       (http://www.sbe.gov.on.ca/ontcan/sbe/en/youth_global_en.jsp) and the
       Ontario Secondary School Business Plan Competition
       (http://www.sbe.gov.on.ca/ontcan/sbe/en/youth_schoolcomp_en.jsp).
    -  Summer Company is part of the government's Youth Opportunities
       Ontario. For information on other youth programs, visit Youth
       Opportunities Ontario (http://youthjobs.gov.on.ca/eng.html).

    -------------------------------------------------------------------------
                                              ontario.ca/small-business-news
                                                      Disponible en français
    




For further information:

For further information: Sarbjit Kaur, Minister's Office, (416)
326-1939;  Mark Skaff, Communications Branch, (416) 326-7279

Organization Profile

Ontario Ministry of Consumer Services

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890