Students prepare to enter Junior Dragons’ Den

Junior Dragons' Den is now accepting applications for this year's event.

Junior Dragons’ Den is returning to the West Kootenays.

Put on by Community Futures Development Corporation since 2014, the competition is for youth from Grade 8 to post-secondary school and is based on the popular CBC show, Dragons’ Den.

Asked what the idea behind the competition was, John Reed, junior initiatives coordinator for Community Futures of Greater Trail, said, “To create an opportunity for students to be creative, inventive, learn leadership skills. We’re big advocates of financial literacy, so it’s a really nice, fun challenging way for students to either create a business or to expand an existing business, if they have one.”

Youth submit applications pitching a business idea or a business improvement idea. Short listed applicants five from each category, including Junior (Grades 8-10), Senior (Grades 11-12) and College/University/Trades are then assigned a mentor from the local business community who will help them refine their business concept and turn it into a one-page business plan with financial statements. Those who make it this far will also have to create a video elevator pitch.

Students will only have so long to prepare, because they’ll have to present their business plans at a regional competition in Trail on Thursday, April 21, in front of a live audience and a panel of local business leaders.

The first, second and third place winners from each age category will be rewarded cash prizes and awards to go toward the start-up costs of their business, or to expand their existing business.

“The cash prizing portion needs to go toward business start-up and/or expansion, and it can also go toward continuing education or tuition,” says Reed.

Winners of the regional competition will then advance to the Junior Dragons’ Den Championship 2016, also in Trail on Saturday, April 30, where they’ll face the winners from the other two regions.

Past winners include Eric Gonzalez, who has a video company, and Jordan Strobel, who runs Ebon Supply Company.

Reed says they anticipate receiving over 200 entries from the West Kootenay Boundary region alone this year. So far three students from Rossland, ten students from Nelson, over 60 students from Castlegar, and over 80 students from Trail are expected to apply.

Interested students can apply at juniordragonsden.com; the deadline has been extended to Tuesday, March 1.

 

Just Posted

First Nations included in latest Columbia River Treaty talks

Seventh round of negotiations between Canada and U.S. wrap up in Washington D.C.

Close to 1000 people expected to hear international evangelist Angus Buchan this weekend

The Mighty Men’s Conference is taking place in Castlegar June 28-30.

PHOTOS: Canadian National Peony Show this weekend in Castlegar

A glimpse of what is happening at the Community Complex this weekend.

Students learn about making a difference

Girl’s leadership program bears fruit at Kinnaird Elementary

Three times the love: Identical triplets return home to Nelson

Katherine van der Veen gave birth to Ainsley, Olivia and Abigail last month

Video shows fireworks shot at swan in Alberta

Alberta Fish and Wildlife is investigating the incident in Grande Prairie

B.C. teen killed by fallen tree on field trip remembered as hero

13-year-old Tai Caverhill was the first to spot the tree falling and warned his friends

Surrey RCMP raises Pride flag amid din of protesters

There were about 30 protesters on either side, and 20 Mounties doing crowd control

‘Text neck’ causing bone spurs to grow from millennials’ skulls, researchers say

Technology use from early childhood causing abnormal bone growths in 41 per cent of young adults

Should B.C. get rid of Daylight Saving Time?

The province wants to know, as state governments down south make the move

Air Canada reviewing how crew left sleeping passenger on parked plane

In a Facebook post, the woman said she woke up ‘all alone’ on a ‘cold dark’ aircraft

Canadians crash out of Women’s World Cup in 0-1 loss to Sweden

Canada missed a chance to tie the game on a penalty shot

Four-year-old boy assaulted at B.C. soccer game

It happened at a weekend tournament in Ashcroft

Two bear cubs saved near Revelstoke after mother hit by car

Conservation officers trapped the cubs and transported them to a wildlife sanctuary

Most Read