Saturday, March 26, 2022

How to get money and advice to run a summer business in Ontario.

For Ontario students aged 15 to 29 with a business idea? 

The Summer Company program Opens in new window can help you launch and operate a business this summer. The program provides:

  • Business training and mentorship to help you get your business up and running
  • Opportunity for a grant up to $3,000 to help you launch your business

How it works

Through a program called Summer Company, you can get:

  • start-up money to kick-off a new summer business
  • advice and mentorship from local business leaders to help get the business up and running

Learning how to run your own student business is one of the best summer jobs you can have. You get to be your own boss while learning what it takes to manage a business. 

Sales, marketing, bookkeeping, customer relationship management and networking are just a few of the highly useful skills you’ll develop.

Maximum award: $3,000
Successful Summer Company applicants get:

  • up to $1,500 up front to help with start-up costs
  • up to $1,500 when you successfully complete the program requirements

You could be eligible, if you:

  • go to high school, college or university
  • live in Ontario
  • are a Canadian citizen or permanent resident
  • are between 15-29 years old (if under 18: a parent or guardian must sign the agreement for the applicant)
  • are not already running a business
  • are not working at another job or going to school for more than 12 hours a week during the program
  • are returning to school after the program ends

You cannot apply again, if you have received a Summer Company grant in the past.

If you are on social assistance (Ontario Works or Ontario Disability Support Program) you can still apply to Summer Company. Payments from the program may be exempt as income and assets under social assistance, so your monthly social assistance payment may not be affected.

Simple Application Process

  1. Check your Eligibility
    The first step is to check your eligibility. To be considered for the Summer Company Program, you must answer a few questions to see if you are eligible to apply to the program.
  2. Make an Application Inquiry
    If you meet the eligibility requirements, the next step is to complete your Application Inquiry. When selecting a Program Provider, select “Enterprise Toronto” (Scarborough, North York or Downtown). We will contact you and send you information, program schedule and document templates to complete your application package, which includes a business plan, start up budget and cash flow forecast.
  3. Submit Your Application
    Next step is to submit your program application, which will need to include your business plan, start up budget and cash flow forecast. Qualified applicants will be contacted for an interview. Selected candidates will be contacted and invited to participate in the program.

Ready to apply? Complete your eligibility checklist Opens in new window to get started.

Application deadline: 5 p.m. Friday, April 29, 2022


**********



Previous blog posts, education articles, links to information, education services and social media in the right side bar, 

List of education blogs below the posts.

No comments: