Fostering Student Entrepreneurship in Sarnia
Ontario Partnering with Lambton College to Create Innovative Programs
Ontario is helping student entrepreneurs in Sarnia gain business skills, mentorship and hands-on experience to start and grow a business.
The province is investing close to $200,000 through the On-Campus Entrepreneurship Activities (OCEA) program to support Lambton College's commitment to entrepreneurship.
Lambton College is developing a Centre of Research and Entrepreneurship. This centre will be the focal point for on-campus entrepreneurship activities as well as a regional connector for local start-up companies looking for assistance with applied research and development projects.
It will support job creation and economic development opportunities by encouraging on-campus entrepreneurship and innovation, with strong ties to entrepreneurial mentors.
The OCEA program is part of Ontario's Youth Jobs Strategy and is being launched at universities and colleges across the province.
Supporting entrepreneurship -- at any age -- is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
- Almost all postsecondary institutions across Ontario have on-campus entrepreneurship programs (42 out of 44 institutions).
- Ontario is providing more than $5 million over two years through the On-Campus Entrepreneurship Activities program.
- Ontario is also investing $20 million over two years in the Campus-Linked Accelerators program to build on world-class innovation and entrepreneurial programs at campuses across the province.
- OCEA and CLA programs are managed by Ontario Centres of Excellence.
- TechAlliance is the partnering Regional Innovation Centres (RIC) for Lambton College. As a member of the Ontario Network of Entrepreneurs (ONE), it will act as the conduit between the university and the region’s business community.
- Ontario is investing $295 million over two years in the Youth Jobs Strategy to help 30,000 more young people from across the province connect with the tools, experiences and entrepreneurial support they need to find employment or start their own businesses.
- More than 24,000 job opportunities have already been created under the Youth Jobs Strategy.
“Helping young entrepreneurs is another example of Ontario’s Youth Jobs Strategy at work in Sarnia and across the province. These programs will help harness their ideas, their vision and their enthusiasm and turn them into jobs for today and for tomorrow. Their innovative spirit will build Ontario’s future.”
“Fostering entrepreneurship opportunities on campus is one of Lambton College’s Strategic Mandate Agreement priorities. This funding allows us to jumpstart the growth of businesses in Sarnia-Lambton by providing resources and support to students and community innovators through The Cube, our newly established on-campus entrepreneurial hub.”
“Ontario Centres of Excellence is pleased to be able to deliver these projects as a trusted partner of the Government of Ontario. I look forward to putting our years of experience in connecting academia and industry, and our on-going support of young entrepreneurs in Ontario to good use in making these initiatives a tremendous success.”
Dr. Tom Corr