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

Castlegar Remembers

Hundreds gathered at Kinsmen Park on Sunday to mark the Centenary of the end of WW1

B.C. Legions in need of young members to continue aiding veterans into the future

Lest we forget what thousands of men and women did to fight for Canada’s freedoms – but without new membership, many Legion chapters face dwindling numbers

Nine-vehicle pileup closes Highway 3 near Castlegar

Two separate incidents on slushy highway; reports of injuries

UPDATE: Police seek witnesses in Castlegar road rampage

Lake Country man faces 13 charges, including robbery, dangerous driving, flight from police, assault with a weapon, theft, and drug charges.

U.S.-based tech company planning Rossland location

GoToTags will use city as base to service Canadian customers

VIDEO: Marvel Comics’ Stan Lee dies

Marvel co-creator was well-known for making cameo appearances in superhero movies

Surging Rangers beat visiting Canucks 2-1

Goalie Lundqvist ties Plante on all-time wins list

VIDEO: Newcomer kids see first Canadian snowfall

Children arrived in Canada with their mother and two siblings last week from Eritrea

Calgary 2026 leader expects close vote in Winter Games plebiscite

Residents to choose in a non-binding vote on Tuesday whether they want city to bid on 2026 Olympics

Feds dropped ball with WWI anniversary tributes: historians

Wrote one historian: ‘Other than the Vimy Ridge celebration … I think they have done a very bad job’

Sides ‘far apart’ in Canada Post talks despite mediation, says union

The lack of a breakthrough means rotating strikes will resume Tuesday

Feds’ appeal of solitary confinement decision in B.C. to be heard

Judge ruled in January that indefinite such confinement is unconstitutional, causes permanent harm

B.C. health care payroll tax approved, takes effect Jan. 1

Employers calculating cost, including property taxes increases

Nunavut urges new plan to deal with too many polar bears

Territory recommends a proposal that contradicts much of conventional scientific thinking

Most Read