Business challenge continues to thrive

The province, Futurpreneur, and Prince Rupert LNG have provided a combined $356,000 to continue the ThriveNorth Business Challenge

The Province of B.C., Futurpreneur Canada and BG Canada’s Prince Rupert LNG have provided a combined $356,000 to continue the popular ThriveNorth Business Challenge into 2017.

The challenge, an opportunity for entrepreneurs aged 18-39 to win thousands of dollars when presenting their new or growing business to a panel of judges and audiences, focuses on helping northwest B.C. business start-ups.

This year, the competition will help up to 600 youth participate in the business challenge and various networking events. Forty-four will receive entrepreneurial training and coaching, 20 will receive financial help through grants or loans and 11 will receive mentoring support. 2017 also marks the introduction of Smithers, Kitimat, Haisla and Nisga’a communities into the running, joining Prince Rupert, Terrace and Tsimshian communities.

“Creating new opportunities for younger generations and stimulating local business are key pieces in helping B.C. communities grow. This 2017 partnership provides valuable access to resources, mentorship and networking to help these businesses flourish,” said Rosa Miller of Prince Rupert LNG.

“ThriveNorth will help youth in northwest B.C. learn important business skills, and give them the opportunity to secure funding to help turn their dreams into reality. Teaching youth new skills will lead to more small businesses opening throughout B.C., positively impacting communities and growing B.C.’s economy,” added Coralee Oakes, Minister of Small Business and Red Tape Reduction.

The partnership includes $170,000 from the province, $86,000 from Futurpreneur Canada and $200,000 from Prince Rupert LNG.