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U of G Recieves Grant From Provincial Youth Jobs Strategy

Web posted on November 18, 2014

University of Guelph, November 17, 2014 A $400,000 grant from the provincial government will enable the University of Guelph to expand its student entrepreneurship centre, supporting young people in starting and growing their own businesses.

The grant will be used by the Centre for Business and Social Entrepreneurship (CBaSE) the College's enterprise unit to develop and deliver innovative learning opportunities and to support student-based entrepreneurial activities on campus.

"CBaSE supports creativity and entrepreneurial thinking. It promotes the college's commitment to entrepreneurship by equipping students with the knowledge and tools necessary to navigate the entrepreneurial space," said CBaSE director Melanie Lang.

The funding has come through the $5-million On-Campus Entrepreneurship Activities (OCEA) program. The program is managed by Ontario Centres of Excellence for the Ministry of Research and Innovation (MRI).

"Fostering the entrepreneurial spirit among students is a key component of Ontario's Youth Jobs Strategy through programs that help transfer their ideas and skills to the marketplace while creating rewarding careers," said Reza Moridi, Minister of Research and Innovation.

CBaSE will partner with Innovation Guelph (IG) to support local entrepreneurs. Innovation Guelph CEO Jamie Doran said, "IG's partnership with CBaSE means that entrepreneurial students at U of G can access top-level business mentors as well as education and funding programs focused on new entrepreneurs. CBaSE and IG are making it easier for students to choose entrepreneurship as a career choice."

The funding will expand initiatives designed to introduce businesses and students across campus to the culture of entrepreneurship and to support more youth-led businesses, said Julia Christensen Hughes, dean of CBE.