Magnet — Outcome Campus Connect
Highlights
This program is designed for businesses like yours, offering a unique opportunity to access financing that can significantly benefit your operations. Why is this program for you? It provides a streamlined way to secure funds, ensuring you have the resources needed to grow and thrive.
What You Get
- Up to $1,000,000 in financing
- An additional $150,000 for software or day-to-day operating costs
The funds can be used for:
- Operating expenses
- Restorations
- New equipment
- Software
- And much more
What sets this financing apart is that it is backed by the government, offering you flexible repayment options with up to 15 years to pay it back. This makes it a more secure and manageable option compared to other loans. Being approved for this program can provide the financial stability and support your business needs to succeed. Plus, qualifying is straightforward, making it easier for you to access these benefits quickly.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- No repayment is required.
- No interest rates apply.
Eligible Expenses:
- Wages for student employees.
- Training costs directly related to the student’s role.
- Costs associated with onboarding and integrating the student into the workplace.
Ineligible Expenses:
- Overhead costs not directly related to the student’s employment.
- Capital expenditures such as equipment or office space.
- Any expenses not directly tied to the student’s work placement.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a post-secondary institution, government entity, or business.
- Must be committed to providing at least one work-integrated learning experience to every post-secondary student in Canada before graduation.
- Must be able to provide students with direct login access from the school’s website or student portal.
Must be located in Canada.
Disqualifications:
- None specified.
Description
This program is designed to help your business grow by connecting you with talented students from universities and colleges across Canada. You can access a wide range of work-integrated learning experiences, which means you can find students who are ready to contribute to your business right away.
The program is free and easy to use. You can post job opportunities and skill development projects directly to students in specific fields of study. This ensures you get the right candidates for your needs, saving you time and effort in the hiring process.
By participating, you are investing in the future workforce. You help students gain valuable experience while benefiting from their fresh perspectives and up-to-date knowledge. This program aims to give every student at least one work-integrated learning experience before they graduate, making it a win-win for both your business and the students.
Program Steps
Register Your Business on the Platform:
- Visit the Outcome Campus Connect website.
- Create an account for your business.
- Complete the registration form with your business details.
Prepare Required Documentation:
- Business registration details.
- Proof of business operations (e.g., business license).
- Financial statements (recent balance sheet and income statement).
- Description of the work integrated learning opportunities you plan to offer.
Create a Business Profile:
- Log in to your newly created account.
- Fill out your business profile with relevant information.
- Include details about your business, mission, and the types of opportunities you offer.
Post Opportunities:
- Navigate to the job posting section.
- Create and post the work integrated learning opportunities.
- Provide detailed descriptions, requirements, and application instructions.
Review and Manage Applications:
- Monitor the applications received through the platform.
- Review candidate profiles and resumes.
- Schedule interviews and communicate with potential candidates.
Select Candidates:
- Conduct interviews and select the best candidates for your opportunities.
- Offer positions to the chosen students.
Report and Provide Feedback:
- Report the outcomes of the placements to Outcome Campus Connect.
- Provide feedback on the platform and the students' performance.
Maintain Engagement:
- Stay active on the platform.
- Continue posting new opportunities as they arise.
- Engage with the network to maximize the benefits for your business.