The Business Development Bank of Canada (BDC) is giving away $100,000 as part of its Young Entrepreneur Award 2014.
It rewards Canadian entrepreneurs aged 18 to 35, whose company has “reached a turning point” and whose propose is to build innovative solutions.
“When your business is at a crossroads, you have two choices: to continue at your current pace or take it to the next level. If you’re choosing to grow your business, the BDC Young Entrepreneur Award contest is for you.”
The grand prize is $100,000 while 2nd prize is $25,000 in consulting services with BDC specialists and “national exposure”.
The application runs until April 3, so Canadian entrepreneurs should hurry. The finalist selections runs until May 28 and the voting period is May 29 to June 12. The winners announcement is on June 18.
Selection committees—one for every province and one for the three territories (Yukon, Northwest Territories and Nunavut)—will choose the finalist for their region, for a total of up to 11 finalists across Canada.
A national committee will evaluate the quality of the regional finalists’ applications as a whole and will give each finalist a score that will be combined with the public vote. The votes from the public will account for 70% of the finalist’s total votes and the votes that correspond to the national committee score will account for 30% of the finalist’s total votes.
All finalists will be featured on the BDC’s website and will benefit from nationwide visibility.
The winners of the 2014 BDC Young Entrepreneur Award contest will be determined by a public vote combined with the score attributed to each finalist by the national committee.
Think its for you? Get going on that application here.