Youth Entrepreneurship Impact in Nova Scotia's Communities
GrantID: 76207
Grant Funding Amount Low: $10,000
Deadline: Ongoing
Grant Amount High: $10,000
Summary
Grant Overview
Capacity Gaps in Nova Scotia's Youth Entrepreneurship
Nova Scotia faces notable challenges in empowering its youth with essential entrepreneurial skills, contributing to limited job prospects in many communities. The province, with a youthful demographic and a variety of emerging industries, has seen an increase in the unemployment rate among young people, now standing at approximately 15%. Despite this, many young individuals express a desire to start their own businesses, yet lack the knowledge and resources to turn their ideas into reality.
Who Should Apply for Youth Entrepreneurship and Business Training
This initiative is designed for young people aged 15-29 in Nova Scotia who are aspiring entrepreneurs or individuals interested in enhancing their business acumen. The program encourages applications from diverse backgrounds, particularly targeting those who may face barriers to accessing entrepreneurship education, such as economic disadvantage or lack of mentorship opportunities.
Local organizations that support youth development and entrepreneurship are also encouraged to apply as partners in delivering the training workshops, ensuring a holistic approach to youth empowerment across the province.
Application Process and Requirements in Nova Scotia
Interested applicants must submit an application form detailing their business idea or entrepreneurial aspirations. Youth organizations and community groups must outline their intent to facilitate training workshops and how they plan to engage with youth participants. As part of the application, potential applicants are encouraged to submit letters of intent from local business leaders who would be willing to mentor or collaborate with the candidates.
Additionally, participants must attend initial orientation sessions to understand the curriculum and objectives of the training, fostering a community of support among the applicants.
Fit Assessment for Entrepreneurship in Nova Scotia
The Youth Entrepreneurship and Business Training initiative directly addresses Nova Scotia's need for enhanced entrepreneurial readiness and skill development among the younger population. By providing practical skills such as budgeting, marketing, and business planning through collaboration with local business leaders, the program aims to foster a generation of capable entrepreneurs who can contribute to their local economies.
The goal is to launch at least ten youth-led businesses in the first year, creating significant job opportunities and stimulating economic growth in various Nova Scotian communities. This program is structured to empower youth while simultaneously addressing local economic needs, thereby ensuring a sustainable and impactful approach to entrepreneurship in the province.
Eligible Regions
Interests
Eligible Requirements
