Student entrepreneurs should take advantage of Summer Company

Student entrepreneurship: it’s possible
Students looking to start a summer company can get advice and money through a program called Summer Company. This program offers:

  • Startup money to kick off a new summer business
  • Advice and mentorship from local business leaders to help get the business up and running

Learning how to run your own student business is a valuable experience. Learn what it takes to manage a business. Work for the best boss ever — you! Develop a range of useful skills, including:

  • Sales
  • Marketing
  • Invoicing
  • Bookkeeping
  • Customer relations
  • Business management

What is Summer Company?
Summer Company is an annual program sponsored by the Ministry of Economic Development, Trade and Employment and small business centres across the province. It offers students aged 15 to 29 up to $3,000 in grant funding to develop and run their own summer business.

How to apply
First, fill out this questionnaire to see if you are eligible to apply. If so, you will be prompted to complete an application.

Students are also required to submit a business plan to the Vaughan Business Enterprise Centre (VBEC) and the Ministry of Economic Development, Trade and Employment as part of the application process. VBEC consultants can help you develop your business plan. Here is a sample business plan.

For assistance with your application, visit the VBEC website at vaughan.ca/VBEC or call 905-832-8526. Read the full 2014 Summer Company program guidelines on the Ministry of Economic Development, Trade and Employment’s website.

The deadline to apply is May 23, 2014.

More about the program
As part of the program, VBEC will arrange for local business owners to mentor students. Students are required to attend a full-day training session, bi-weekly meetings with a VBEC consultant and participate in VBEC seminars and workshops.

Success indicators
VBEC has offered the Summer Company program to students for the past 12 years, during which 90 students successfully completed the program. Last year, 14 students were accepted into the program, and at its conclusion, they had collectively earned $85,000 in revenues. Four of these students have decided to continue operating their business. One of the most successful Summer Company businesses, Vadim’s Drum Method, has since expanded, creating three new jobs.

Join now!

Julia Gersh
julia.gersh@vaughan.ca
Small Business Consultant
Vaughan Business Enterprise Centre

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