Ontario Helps Students Start Their Own Business
McGuinty Government’s Summer Company Program Provides Opportunities For Youth
Ontario students, who hope to find a summer job they love, will have a chance to be their own boss this summer thanks to the Summer Company program.
Summer Company is a unique program which assists young entrepreneurs with starting and running their own eight to 12-week business over the summer. The program provides practical hands-on business training, mentoring and the essential business skills they need to thrive. The government expects to accept between 300-400 students into the program in 2009.
Key elements of the Summer Company program are:
- Students between the ages of 15 and 29 are qualified to apply
- Students can receive up to $1,500 at the start, and up to an additional $1,500 on successful completion of the program
- Application deadline is May 4, 2009 (or earlier if the program is oversubscribed).
- Students who participated in the program from 2001-2006 generated an estimated $11.4M in revenue in 2007
- Summer Company program has supported almost 2,000 students since 2001
- In 2008, a record number of 368 students completed the program
- Small and medium-sized businesses represent 99 per cent of all businesses in Ontario.
“Summer Company gives our young people the practical, hands-on knowledge and experience they need to view entrepreneurship as an attractive and viable career choice.”
“Summer Company was a great opportunity to help turn my business idea into a reality. It introduced me to new marketing connections that have endured. I am proud to have been part of a leading youth entrepreneurship program such as Summer Company.”
“I don't think there has ever been a better time for programs like Summer Company. We're seeing a tremendous increase in interest from youth this year. I think they realize that Summer Company has a lot to offer besides the funding.”
Carol Ann Walker