The Young Millionaires Program is coordinated throughout the province by Central Development Corporation for over 20 years and is traditionally offered throughout the Island by a variety of regional partners. The Young Millionaires Program provides an opportunity for young people across PEI to acquire strong entrepreneurial, self-confidence and adaptability skills. The program gives youth ages 8 – 16 the opportunity to learn about business, their community and themselves. Successful applicants will receive a grant of up to $100 ($150 for partnerships) to commence their own business and run it through the summer. Funding for the program is provided mainly through the ACOA Business Development Program as well as in-kind contributions from the regional partners. Since 1991 over 3,500 Island youth have participated in the program. The Young Millionaires Program Website is offered in both French and English: www.ymppei.com
Central Development Corporation has launched the Student Biz PEI 2016 program. Through StudentBiz you can start your own business with two key factors to enhance your probability of success. 1. Start-up money to kick-off a new summer business 2. Idea development and business plan training Who is eligible? You could be eligible, if you: • go to high school, college or university • are a resident of Prince Edward Island • are a Canadian citizen or permanent resident • are between 16-24 years old (if under 18: a parent needs to sign the application) • are not already running a business • are not working more than 15 hours week at another job during the program • are returning to school after the program ends Program Assistance: Successful applicants get: • $1,000 non-repayable contribution for start-up costs • $1,000 loan repayable by Oct 1 in the year of the award. • $500 towards tuition or into a RESP when you successfully complete the program requirements. Start Date Participants must commit to completing the business workshops and preparing their business plan between March and June. Business Workshops: 1. The Business Planning Process 2. Market Research 3. Financial Statements 4. Advertising and Marketing Applications will be accepted until February 20. 2017 APPLICATIONS CLOSED.
Full Program Guidelines
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