After an intensive, six-month journey, the only thing standing between Whitby’s young entrepreneurs and up to $20,000 in money to use towards their new businesses, is three short minutes.
On November 15, 2016, participants in the Community Innovation Lab’s NEET Youth Incubator Whitby program will have reached the final part of their program – the pitch competition.
Within the Ajax Council Chambers, they will have three minutes to “pitch” their business to a panel of esteemed business experts from across Durham Region. It’s the culmination of months of training, including 12 weeks of in-class sessions on topics such as building a business plan, finance, human resources, marketing, advertising, plus another 12 weeks of mentoring.
The NEET Youth Incubator plays an important role in helping young people in Durham Region create employment for themselves. Statistics from the Oshawa CMA census in 2015 show that one in five youth were unemployed. That means since April 2014 there has been a loss of 1,700 full time and 300 part time jobs for young people, according to the Durham Workforce Authority.
Founded by Pramilla Ramdahani, The Community Innovation Lab champions the idea that through innovative programming, communities can come together to tackle tough issues and provide opportunities for entrepreneurs to showcase their skills, test-drive their ideas and rise to new heights.
Ajax Council Chambers, 65 Harwood Ave. S., Ajax. 12pm – 4pm.