CYBF Increases Age Limit to 18 – 39
Have you heard the news? The Canadian Youth Business Foundation (CYBF) has increased its age limit by 5 years, to 39.
This change represents the organizations first adjustment to the program to help better serve aspiring entrepreneurs.
Who is CYBF?
CYBF started over 16 years ago to help serve young and emerging entrepreneurs. Their Startup Program now offers entrepreneurs aged 18 – 39 the chance to obtain start-up financings, post and pre-launch business coaching, business resources and mentoring.
Small Business BC works closely with CYBF to help entrepreneurs across British Columbia get their business plans in-order and ready to be assessed, giving you a greater chance of success for obtaining finance.
Why the Change?
The change was made possible by a recent organizational shift from charity to not-for-profit that enables CYBF to actively engage and assist a larger diversity of entrepreneurs.
The change also aligns with a recent survey released by the Kauffman Foundation, the world’s largest foundation devoted to entrepreneurship, who found that from 2003–2008 the average age of small business founders increased across all new businesses categories. One example given of this increase is the average age of a technology start-up founder, which is now at an average of 39.
Find out More
To find out more about the CYBF’s funding programmes come in and speak to one of our advisors about your financing needs. They will then help recommend the most suited program for your business and guide you through the application process.
Contact our Client Services team at 604 775 5525 or at firstname.lastname@example.org
and ask for your free Funding assessment today.
This article was authored by a member of the Small Business BC team. When you find yourself asking "How do I...?" Give us a call. We'd be happy to help.