Starter Company Plus Initiative. Provide training, mentoring and Micro-Financing opportunities for Approved Participants to start, expand or buy a small business. • Address local and/or regional economic development needs, and where appropriate focus on special industries and sectors.
Starter Company Plus Initiative. The Recipient shall deliver all four components at their sites: 1. Approved Participant Intake 2. Training and Skills Development 3. Mentorship 4. Micro-Financing (Funds contributed by the Province up to $5,000) The Recipient shall ensure that all Approved Participants who are eligible and approved by the Recipient undertake the first three components. The fourth component is not required. The availability of the Micro-Financing component for an Approved Participant shall be determined by the Recipient. The Recipient shall determine an individual’s eligibility and suitability for Starter Company Plus Initiative as well as their general business needs. The Recipient shall: • Assess individuals based on eligibility requirements outlined in the Guidelines and the local suitability criteria developed by the Recipient. o If the individual is eligible and suitable, and the individual wishes to proceed with the Initiative, the Recipient accepts the individual as an Approved Participant. o If the individual is not eligible or not suitable for Starter Company Plus Initiative, the Recipient shall direct the individual to other entrepreneurship initiatives, programs and services. • Have a decision model in place that provides rationale for approval to participate in the Starter Company Plus Initiative. • Work with the Approved Participant to develop a customized Learning Plan outlining required training and mentorship based on the Approved Participant’s business needs and goals. Training and Skills Development The objective of the Training and Skills Development component is to help Approved Participants start, expand or purchase a business by providing short term workshops or activities. This can include seminars, workshops, networking events and experiential learning. Activities can be completed in a classroom, one-on-one, or in a group setting. The Recipient shall: • Develop content and a suitable delivery method of training and skills development for each Approved Participant. The Recipient will organize, schedule and sequence the workshops to meet Approved Participants’ needs in a way that is suitable for their organization. • Provide short-term training and skills development opportunities to enhance business knowledge and skills to support Approved Participants in starting, expanding or purchasing a business. • Monitor when an Approved Participant has finished the identified training on their Learning Plan. Mentoring The Recipient must match each Approved Part...
