Starting today, the Business Development Bank of Canada (BDC) is accepting applications for its annual BDC Young Entrepreneur Awards. The grand prize is a respectable $100,000, followed by a runner-up $25,000 worth of consulting services, and of course some solid press coverage for your business.
The contest is open to Canadian entrepreneurs aged 18 to 35, whose company has “reached a turning point” and looking to “seize opportunities for growth.” Other requirements in the fine print reveal that you have been responsible for the company’s day-to-day management for a minimum of two years, and that you hold at least 20% of the company’s capital stock.
The entry deadline is March 18th and up to 11 finalists will be chosen from across the country and will be required to each produce a video explaining their business. The winner will be announced in June.
In 2014, Shep Ysselstein of Gunn’s Hill Artisan Cheese won the $100,000 Grand Prize. Toni Desrosiers of Abeego Designs Inc. won $25,000 in consulting services from BDC.