What is the BDC Young Entrepreneur Award?
Is your company at a crossroads? The BDC Young Entrepreneur Award contest rewards Canadian entrepreneurs aged 18 to 35 whose company has reached a turning point and who propose innovative solutions to ensure their company's growth.
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.
$100,000 to implement the winning project
$25,000 in consulting services with BDC specialists
+ national visibility
After the contest, the Grand Prize winner will track the project's progress through a video journal on the contest website or another communication tool. The project's progress will be reflected in a section featuring the winners and the public will have the chance to follow the various stages of the project's implementation.
How to apply
1) First, think about your hopes for the future of your business. Are you at a turning point or a decisive moment in its history? Do you want to implement a solution that will grow your business and take it to the next level? If so, this is your chance!
2) Get your application ready by making a short video in which you explain the turning point your company is facing, as well as the solution you want to implement to ensure its growth. Warning: your application must present a solution that has NOT yet been implemented. The prizes are intended to help the winners through the change process.
3) Fill out the application form and submit your application.
For more information, check out the Application Requirements (PDF).
Selection of finalists
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.
Please note that there may be fewer than 11 finalists if the applications received do not fully meet the contest's eligibility and selection criteria.
Then, 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 our website and will benefit from nationwide visibility.
- The solution has not yet been implemented (the prizes are meant to help the winners during the change process)
You describe the turning point or decisive moment
your company is facing (and include an overview
of market conditions)
- You introduce your proposed solution
- You describe the expected outcome
- Your solution will help grow your business
- Your project is feasible
Selection of winners
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. The public will be able to vote through this website. The $100,000 Grand Prize will go to the finalist with the highest number of votes, that is, votes from the public (70% of total votes) combined with the votes that correspond to the national committee score (30% of total votes). The second prize of $25,000 in consulting services will go to the finalist who receives the second highest number of votes.
More information can be found in the
BDC Young Entrepreneur Award FAQ.
For all the details, read the Contest Rules.