Are you an Ontario student aged 15 to 29 with a business idea?
The Summer Company program can help you launch and operate a business this summer.
How to get money and advice to run a summer business in Ontario.
The Summer Company 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
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.
Application deadline: 5 p.m. Friday, April 29, 2022
Who is eligible
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.
Award amount - 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
Dates and hours
Start date: usually May to July.
End date: Labour Day (but you can choose to keep running your summer business while in school).
Over the summer program period, you must be prepared to commit:
a minimum of 280 hours for high school students
a minimum of 420 hours for post-secondary students
What kind of business
You can choose to start almost any type of business, as long as it:
is a sole proprietorship or corporation (where you are the majority shareholder)
is an independent business venture (not a part of an existing or family business)
qualifies as “self-employed” for income tax purposes
operates in Ontario on a full-time basis
follows government rules for operating a business
Learn more about self-employed workers (Canada Revenue Agency).
How to apply
The program for 2022 is open through May 31.
You apply through a Small Business Enterprise Centre.
How you’re approved
Your selected program provider will contact you and will ask you to submit an application, which includes a business plan and cash flow. Your program provider will help you with your application, if required.
Your program provider will review your application.
If your application meets the program’s requirements, your program provider will invite you for an interview.
After the interview, your program provider will let you know if you’ve been approved to participate in the program.
Deadlines
The general program deadline for applications is May 31, 2022.
Processing time
After your program provider has received your application:
Within 1 business day: your program provider confirms they have received the application
Within 15 business days: your program provider makes a decision on your application
Within 30 business days: the Program Provider will allocate the first payment
After you’re accepted You’ll need to:
sign an agreement with the program provider
agree to follow program guidelines
verify you’ve registered the business name
provide any other required licensing documents
have a bank account for the business
agree to at least one site visit from your program provider
meet your program provider and business mentor for a minimum of four meetings, over the program period.
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