youth
Summer Company
About Summer Company
The Summer Company program, funded by the Ontario government, has been helping students, aged 15 to 29, start and run their own businesses since 2001. As a Summer Company entrepreneur, participants receive hands-on business mentoring from local business leaders and up to $3,000 to make their dream job a reality.
If you’ve got a winning idea for starting a new business and are a student who is not afraid of hard work, you should consider applying to the Summer Company program – a great opportunity for enterprising young people who want to be their own BOSS! The program provides hands-on business coaching and mentoring from local community business leaders who will work with you to make your Summer Company a reality.
If your application is accepted, you will be eligible to receive an upfront award of up to $1,500 to put toward start-up costs and up to $1,500 upon successful completion of the program. Successful completion requires that you:
· Implement your project substantially in accordance with the business plan;
· Participate in coaching and training;
· Meet with local business mentors as specified;
· Provide documents related to the experience and business operations as required in the guidelines, and
· Meet all program requirements for establishing and operating the business
Applications are open until May 17, 2024.
Early intake for post-secondary students, April 1, 2024!
“Summer Company provided me with the resources they said they would and more. Honestly, it’s been one of the greatest experiences of my life.”
Meet the 2023 Summer Company Participants
Sam King – KingLine Lures
Sam King is more than just a 10th grader. He’s an emerging entrepreneur, the mastermind behind KingLine Lures, turning a fascination into a flourishing business venture. In this enterprise, Sam isn’t merely creating a product; he’s weaving a story, bringing to life the art and intricacy of lure-making.
Eric Colonna – Pick 6 Athletics
Eric Colonna, a seasoned defensive back, and a Commerce student at Queen’s University, is leveraging his knowledge of football to bring a unique business model to the Kingston community through Pick 6 Athletics. This specialized training program for football players aged 8-19 zeros in on speed and defensive back skills, bridging the gap between need and availability in the Kingston area.
Owen McDowell – World Outta Luck
Owen McDowell, a Queens University psychology student, is making strides in the fashion industry with an innovative and inclusive approach. Driven by his aspiration to make a difference and attain financial stability, Owen founded ‘World Outta Luck,’ aiming to make adaptive clothing and compression wear accessible to all communities.
Jasmine Woboditsch – JW Boutique
Jasmine Woboditsch, a talented college student based in Kingston, has transformed her love for macramé and decor into a flourishing business called JW Boutique. Specializing in handmade bohemian decor, JW Boutique breathes a fresh aesthetic into thrift store finds, crafting distinct macramé items such as hanging shelves, lanterns, and light fixtures.
Josh Bowry – Red Bridge Camping
Nestled between the serene towns of Tweed and Madoc, Red Bridge Camping offers a unique and affordable outdoor experience. The venture is the brainchild of high school senior Josh Bowry, aimed at couples and young families seeking a taste of rural Ontario’s tranquil beauty.
Nicolas Inscho – KingDetailing
High school graduation is an important milestone for any student, but for Nicolas Inscho, it marks the start of an entrepreneurial journey. His upcoming venture, KingDetailing, turns his passion for automobiles into a practical business. The spark for this idea came from his stepdad’s experience with luxury cars and advice from a family friend.
Ryleigh Hillier – The Draconic Crow
The stationery market is about to witness a distinct addition. The Draconic Crow, a unique venture spearheaded by final-year high school student Ryleigh Hillier, caters to those seeking an extraordinary touch to their everyday items. Drawing from their passion for art and design, Ryleigh plans to bring personalised stationery to life.
Mason Rice – Rice Photography
Emerging on the photography scene is Mason Rice, a Grade 12 student who’s turned his hobby into a bustling business venture amidst his schoolwork. With plans to continue his academic pursuits in engineering at Queens University next year, he is determined to carry his camera, entrepreneurial enthusiasm, and textbooks along.
Tyler Kraus – Oracle of Suffering
Tyler Kraus, a 17-year-old Sydenham High School student, is not just a musician; he’s a one-man band. Through his music project, Oracle of Suffering, he is revolutionizing the extreme music genre by drawing on his favourite aspects of the music that inspires him.
Roman Mironov – 199 Media
Roman Mironov, a determined third-year commerce student at Queens University, the company is carving out a niche for itself. By expertly navigating platforms such as Google Ads and Facebook Ads, Roman makes digital advertising more approachable for local businesses.
You’re eligible to participate if you’re:
· A student between 15 and 29 years old as of April 30, 2022 (a parent or guardian must sign the application for applicants under 18)
· Starting a new business (if you’re unsure, contact your program provider)
· Attending school and returning to school in the fall (this includes full-time, part-time, homeschooling, e-learning, distance learning, apprenticeships, trade schools, etc.)
· A resident of Ontario
· A Canadian citizen or a permanent resident
· Not working at another job or attending school for more than 12 hours per week during the duration of the program
· Following the Canada Revenue Agency definition of being self-employed
· Able to work over the summer program period:
· A minimum of 280 hours if you’re a high school student
· A minimum of 420 hours if you’re a post-secondary student
· We may approve exceptions
· You must meet all of the above requirements
· You’re not eligible if you’ve received funding from Summer Company in the past
Almost any type of business is eligible, as long as it:
· Is a sole proprietorship or a corporation where you (the applicant) will be the majority shareholder
· Is an independent business venture
· Is a new business, not previously registered or operated on an on-going basis
· Operates at arm’s length from family business ventures
· Operates in Ontario
· Operates full-time as defined in the business plan
· Follows government rules and regulations for operating a business
· Businesses must meet all of the above requirements
These types of businesses are not eligible for funding:
· Partnerships/co-operatives
· Franchises
· Distributorships
· Incorporated businesses that are controlled directly or indirectly by a person who would not be eligible for a Summer Company award
· Business ventures that are subsidiaries or divisions of an existing business
· Business ventures that are continuations of existing commercial endeavours
· Commissioned sales
· Multi-level marketing ventures
· Single events such as a theatrical production, a DJ gig, a music concert, a dance/party event, a fundraiser, a sporting tournament, etc.
· Businesses that are strictly pay-per-click
· 1-900 businesses
The program gives students the full experience of running their own business. Note that:
· The program provider may, at its discretion, determine that a particular business is ineligible for the Summer Company program
· Online businesses are acceptable, but there must be face-to-face opportunities to market and sell your product
· App and tech businesses must be market ready and must generate sales by the end of the summer
· If you plan to run a business that requires certification, you’ll need to show proof to your program provider. If you’re unsure about certification obligations, ask your program provider. Certification examples include:
· Food handling certification for businesses that produce and/or sell food
· National Life Saving certification for businesses that offer swimming lessons
· Canada Professional Fitness Certification (CanFitPro) for businesses that offer personal fitness training
· Licences for businesses that specialize in drone photography
Once approved, you’ll be required to:
· Sign a Letter of Agreement with the program provider describing each party’s rights and responsibilities (a parent or guardian Must sign the agreement for applicants under 18)
· Sign a Release and Consent form (a parent or guardian must sign the form for participants under 18)
· Show your business name registration and any required licensing documents to your program provider for verification
· Open and operate a bank account for the business
· Spend your first payment within the first 30 days
· Operate your business over the summer program period, according to your business plan and cash flow, for:
· a minimum of 280 hours if you are a high school student
· a minimum of 420 hours if you are a post-secondary student
· Meet with your local program provider and mentors for a minimum of four meetings to review and track your progress
· Agree to one site visit by the program provider
· Maintain appropriate business records of income and expenditures including receipts
· Participate in business training with your program provider
To receive the second payment (up to $1,500), you need to:
· Meet your requirements to participate (listed above)
· Participate in an exit interview at the end of the summer
· Provide the following to your program provider for review, in a professional and business-like format:
· a cash flow record of your business operations
· copies of all your bank statements
· copies of all business receipts and invoices organized to show that you used the first payment for start-up costs
· Submit a signed confirmation that you’re returning to school
· Complete the anonymous online participant survey
If you don’t successfully complete the program, you will not receive the second payment and you may be asked to reimburse the first payment.
If you met all the requirements to complete the program but did not spend the full first payment within 30 days, the difference will be deducted from your second payment.
You may decide to start and/or continue your business while you’re in school, but for the purpose of the program’s administration, business operations can start no earlier than April 1 and must end by Labour Day.
The award is taxable under the Canada and Ontario Income Tax Acts. A T4A slip will be issued to the recipient of the award.
