Youth Ventures NL
Highlights
Hello,
If you're a young entrepreneur with a business idea in Newfoundland and Labrador, this program is just for you. It's designed to provide expert guidance in key areas to help your business thrive. You'll benefit from business planning support, ensuring you have a solid roadmap to follow. Plus, you'll receive marketing direction and materials to make your business stand out in the crowd.
Navigating the financial side of a business can be tricky, but this program offers financial advice to help you manage it with confidence. Thinking about expanding your team? You'll get human resources information to help decide when and who to hire. And the best part? You'll have the support of mentorship from experienced professionals who can offer ongoing advice and support.
This program is a fantastic opportunity to turn your business idea into reality. It's tailored to young entrepreneurs like you, offering the right support and guidance across all sectors. With these resources, you'll have everything you need to get your business up and running smoothly.
Financing Details
Grant: The program offers a non-repayable grant to support your business initiatives. This means you receive financial aid without the obligation to repay, allowing you to focus fully on growing your business.
Eligible Expenses: The grant can be used towards various business-related expenses including but not limited to marketing materials, business planning services, and hiring employees. This flexibility ensures that the funds can be utilized in areas that are crucial for the development and expansion of your business.
Restrictions on Use of Funds: It's important to note that the funds cannot be used for personal expenses or non-business related activities. The goal is to ensure that every dollar goes towards enhancing your business capabilities.
Fees: There are no application or processing fees associated with this grant. This makes the program highly accessible as you can apply and receive funds without any financial burden from additional costs.
Qualifications
Age Requirement: Business owners must be between the ages of 12 and 29.
Location: The business must be located in Newfoundland and Labrador (NL).
Business Idea: Applicants should have a business idea they want to develop.
Entrepreneurial Effort: Young entrepreneurs who have made an outstanding effort throughout the program may be eligible for awards.
Description
If you're between the ages of 12 and 29 and have a business idea, this program is designed for you. It offers expert guidance in several key areas to help your business succeed. You'll receive help with business planning, ensuring you have a solid roadmap to follow. Need to get the word out? You'll get marketing direction and materials to make your business stand out.
Financial aspects can be tricky, but don't worry. You'll have access to financial advice to navigate the financial side of your business. If you're thinking about expanding your team, the program provides human resources information to help you decide when and who to hire. Plus, you'll have the support of mentorship from experienced professionals who can offer ongoing advice and support.
This program is available to young entrepreneurs in Newfoundland and Labrador, across all sectors. It's a fantastic opportunity to turn your business idea into reality with the right support and guidance.
Program Steps
Prepare Your Business Idea
Clearly outline your business idea, including how it fits your skills and personal goals.Create a Business Plan
Develop a detailed business plan that serves as a roadmap for your business.Gather Required Documentation
Collect the necessary documents for your application, including:- A copy of your business plan
- Proof of age (e.g., ID or birth certificate)
- Any relevant financial documents (e.g., budget, funding needs)
- Marketing materials or ideas (if available)
Complete the Application Form
Fill out the application form accurately, providing all requested information.Submit Your Application
Send your completed application along with the required documentation to the designated program contact.Prepare for an Interview (if applicable)
Be ready to discuss your business idea and plans in more detail during a potential interview.Await Confirmation
Wait for a response regarding your application status. You will be notified if you are accepted into the program.
