(CALGARY) MARCH 2, 2020 – Ennovate is an entrepreneurial education project developed by a team at the University of British Columbia – Vancouver that empowers high school students through product development, marketing, and personal budgeting workshops.
Similarly, students from Simon Fraser University launched Bright Ideas, a multi-week entrepreneurship education program that empowers high school students to create their own businesses.
Enactus University of British Columbia – Vancouver and Enactus Simon Fraser University have been named the 2020 Scotiabank Youth Empowerment Challenge Regional Champions. The winning teams were selected by Canada’s largest experiential learning platform, Enactus Canada, and program supporter Scotiabank.
“Our youth are facing unique challenges that can result in record-high debt and unemployment.” said Nicole Almond, President of Enactus Canada. “Thanks to this challenge and the work done by our Enactus students, we can help youth take greater control of their future.”
Over 1,500 have benefited from the Ennovate program. Thanks to the Bright Ideas program, over 7 businesses have been launched by youth.
“Congratulations to both teams for their inspiring work,” says Rod Wendt, District Vice President, Calgary Central District, Scotiabank. “Scotiabank knows that how we support young people today can prepare them for tomorrow, and that’s why we are proud to play a role in empowering them to help other young people reach their infinite potential.”
The Scotiabank Youth Empowerment Challenge encourages post-secondary students to develop and deliver projects that address the needs and opportunities facing youth. Focused on education, skill development and supporting the life-long success of youth aged 25 and under, this challenge has engaged 8,315 students since 2015, who have impacted more than 65,345 youth through 609 empowerment projects.
On February 28, student teams demonstrated their youth empowerment projects to panels of business executives as part of the Enactus Canada Regional Exposition – Western Canada, held in Calgary.
Enactus University of British Columbia – Vancouver and Enactus Simon Fraser University will now move on to the national level of competition taking place May 19-21 at the 2020 Enactus Canada National Exposition, taking place in Toronto.
ABOUT ENACTUS CANADA: Enactus Canada, a national charity and the country’s largest post-secondary experiential learning platform, is shaping entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Guided by academic advisors and business experts, more than 3,400 post-secondary students led 267 community empowerment projects and business ventures last year in communities coast to coast, directly impacting over 50,000 lives.
As a global network of 37 countries, Enactus uses the power of entrepreneurial action to transform lives and shape a better, more sustainable world. For more information, visit enactus.ca.
ABOUT SCOTIABANK: Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 100,000 employees and assets of approximately $1.2 trillion (as at January 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.
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