*This information is captured through an online application, reference check and a phone or online interview at the finalist stage held in April.
The application period begins on December 1, 2014, at 12:00:01 a.m. Eastern Time and ends on January 31, 2015, at 11:59:59 p.m. Eastern Time. No application submitted after 11:59:59 p.m. Eastern Time will be accepted. Only online applications will be accepted.
To be eligible for the BDC Mentorship Award contest (“the Contest”), the applicant must:
An applicant does not need to be a BDC client or a Futurpreneur Canada mentor to be eligible. BDC and Futurpreneur Canada employees and their families and 2015 contest judges and their families are not eligible.
To successfully enter the Contest, applicants must:
BDC, Futurpreneur Canada, its advertising and promotion agencies and the Contest judges (collectively the “Contest Parties”) are not responsible for late, lost, misdirected, delayed, incomplete or incompatible application files.
By submitting an application file, the nominator, mentor and mentees agree that the application file comply with all conditions stated in the 2015 BDC Mentorship Award Terms and Conditions.
The Contest Parties will bear no liability, expressed or implied, regarding the use of the application file by the Contest Parties and shall be held harmless by any applicant in the event that it is subsequently discovered that the applicant has departed from or not fully complied with any of the Terms and Conditions.
By participating in the Contest, each applicant agrees to be bound by the 2015 BDC Mentorship Award Terms and Conditions and by their interpretation by BDC and Futurpreneur Canada, and further warrants and represents that his/her application:
Any application file that BDC, Futurpreneur Canada and/or the Contest judges deem, in their sole discretion, to violate the Terms and Conditions will be rejected and the applicant will be disqualified.
Regional Selection Committee
Three selection committees – East (NL, PEI, NS and NB), Central (QC, ON and MB) and West (SK, AB, BC, YK, NWT and NU) – comprised of a regional BDC representative, Futurpreneur Canada representative and an entrepreneur or mentor representative will review applications and evaluate them based on a standard evaluation grid.
The following components of the application file will be reviewed by individual judges:
Once all application files have been evaluated, the Regional Selection Committees will determine who should be considered as potential finalists from their respective provinces or territories. Up to two mentees of the potential finalists will then be contacted by phone or email and one mentee will be required to submit their company’s financial information (revenues, profit and loss) within two business days of notification. If such financial information is not available, finalists will be required to submit the balance sheet and internal income statements for the past 12 months, together with the previous year’s, as well as any supporting materials to establish the claims made in the application form.
Upon receipt of financial information, the full application file will be subjected to due diligence, including reference checks. Once the due diligence has been completed, the potential finalist for each region will be contacted by email or phone early April, 2015 during business hours (Eastern Time). If applicants have not been contacted by mid-April, they may assume that they are not among the finalists.
Before being declared a regional finalist, the selected applicant must sign and return a declaration and release prepared by Futurpreneur Canada, which, among other things must:
If a potential finalist for a region cannot be reached by phone or email or fails to return the above declaration and release within the specified time, he/she will forfeit his/her opportunity to become a finalist for the BDC Mentorship Award. In such an event, the applicant whose application scored the second highest by the selection committee for his/her respective region will be deemed to be the alternate potential finalist for his/her province/the combined territories. The same administrative procedure as mentioned above will apply to the alternate potential finalist. If the alternate finalist cannot be reached by phone or email or fails to return the required documents within the specified timeframe, he/she will forfeit his/her opportunity to be a finalist.
National Selection Committee
Following the due diligence process, the finalist from each province and the three territories will be forwarded to the National Selection Committee, who will interview the finalists in person or online mid-April. The winner of the BDC Mentorship Award will be chosen by the National Selection Committee based on interviews with all finalists.
The winning mentor will receive:
The Contest Parties will keep all applications confidential. Unless the applicant authorizes BDC and Futurpreneur Canada to contact him/her for marketing or business development purposes, the personal data, information and documents included in the application file (“the Information”) will be kept confidential by BDC and Futurpreneur Canada according to their privacy policies and will be used only during the evaluation process and in the course of administering the Contest. In the course of an application’s evaluation, the Information will be divulged only to parties who are authorized to review it. If the applicant authorizes BDC to contact him/her for marketing or business development purposes, the Information may be provided to a BDC or Futurpreneur Canada representative, who will get in touch with the applicant to evaluate his/her needs. Notwithstanding the above, if a mentor is selected as a finalist, the finalist hereby authorizes BDC and Futurpreneur Canada to use the responses included in his/her application file, BDC and Futurpreneur Canada’s websites and other advertising/commercial material developed by BDC and Futurpreneur Canada, without the need to obtain any additional consent from the finalist. No financial data on the mentee’s company will be divulged. In all cases, the finalist’s Information will be retained by BDC and Futurpreneur Canada for analysis or statistical purposes, among others.
Each applicant expressly consents to BDC and Futurpreneur Canada, its agents and/or representatives, storing, sharing and using the personal information submitted with his/her entry only for the purpose of administering the Contest and in accordance with BDC and Futurpreneur Canada’s respective privacy policies, unless the applicant otherwise agrees.
Without limitation, the Contest Parties will not be liable for:
The Contest parties shall not be responsible for any errors or omissions in the advertising or administration of this Contest.
The Contest Parties will not be liable for any damage to an Applicant’s application or any other person’s computer related to or resulting from participating or downloading any material for the Contest.
By entering the Contest, the applicant hereby:
(i) agrees to release and hold harmless the Contest Parties and each of their respective agents, employees, directors, successors, and assigns from and against any and all claims based on publicity rights, defamation, invasion of privacy, copyright infringement, trademark infringement or any other intellectual property-related cause of action;
(ii) in consideration of being selected as a finalist or winner and receiving the BDC Mentorship Award described above, agrees to the use of his/her name, business, city, province or territory of residence, and/or photograph/logo for advertising or publicity purposes by BDC, Futurpreneur Canada or its designees, the whole without any right for compensation and without the need for BDC, Futurpreneur Canada or its designees to obtain any further authorization or consent.
In the event of any conflict, inconsistency or discrepancy between any advertising relating to this Contest and the terms of the Terms and Conditions, the terms of the Terms and Conditions shall govern. In the event of any conflict, inconsistency or discrepancy between the French and English versions of the Terms and Conditions, the terms of the English version of the Terms and Conditions shall govern.
BDC and Futurpreneur Canada reserve the right, without any previous notice, to withdraw or modify this Contest and/or the Terms and Conditions without any justification to the applicants including, but not limited to, in the event of an advertising or administrative error, omission, technical problem, computer virus, bugs, tampering, unauthorized intervention, fraud, technical failure or any other cause beyond the reasonable control of BDC and Futurpreneur Canada that interferes with the proper conduct of the Contest as contemplated by the Terms and Conditions.
Any attempt to deliberately damage any website or to undermine the legitimate operation of this Contest is a violation of criminal and civil laws and should such an attempt be made, BDC and Futurpreneur Canada reserve the right to seek remedies and damages to the fullest extent permitted by law.
The decisions of BDC, Futurpreneur Canada and the Contest judges with respect to all aspects of this Contest are final and binding on all applicants without right of appeal.
One finalist will be selected from each province and one from the three territories where the applicant meets the evaluation criteria. Finalists will be selected by three regional, three-member selection committees (east, central and west), comprised of representatives from BDC, Futurpreneur Canada and a mentor/or entrepreneurial representative. The finalists from each province and the three territories, where selected, will then be forwarded to the National Selection Committee, who will interview the finalists in person or online in April, prior to selecting the BDC Mentorship Award winner.
Three Regional Selection Committees will be responsible for evaluating the following provinces and territories:
Senior Vice President, Marketing and Public Affairs,
Business Development Bank of Canada
Chief Executive Officer,
Chief Financial Officer,
Chief Executive Officer,
The Eureka Project
Financial Post Entrepreneur and Careers Editor
“I could not have imagined starting my business without having Ryan as my mentor, he is the reason I believe my company has been such a success today. Looking back at my experience with him, I can’t even begin to explain how much he has meant to me as an individual and entrepreneur. He has taught me many valuable life lessons as well as business lessons, and will always go the extra mile and take time out of his day to help someone else.”
Anthony Merkel, mentee
Inaugural Winner, 2014 BDC Mentorship Award Presented by Futurpreneur Canada
Principal and managing director, RAMECO Consulting Group
Medicine Hat, Alberta
Ryan is a Certified Management Consultant and member of the Institute of Certified Management Consultants of Alberta. He is also a contributing business columnist for Southern Alberta Newspapers and serves as the Entrepreneur in Residence (emeritus) at Medicine Hat College. A true-to-form entrepreneur, Ryan continues to have ownership in operating businesses in retail, hospitality and real estate development and is actively involved as Managing Director in all of the companies that he co-owns. In addition to Ryan’s business ventures, he is the former Chairman of the Medicine Hat Police Commission, Chair of Alberta Law Enforcement Response Teams and is a member of The Alberta Business Link’s Board of Directors. Ryan was named Business Person of the Year in 2011 by the Medicine Hat College and was awarded the Queen’s Diamond Jubilee Medal in 2013 for service to his community.
These individuals were selected by Regional Selection Committees to represent all of Canada in competition for the inaugural 2014 BDC Mentorship Award Presented by Futurpreneur Canada.
“Ellen’s infectious passion for entrepreneurship is directly responsible for inspiring many of her students to pursue their own businesses. This passion gave me the confidence, knowledge and support to pursue my own business, which I am still running more than seven years later.”
Duncan Enman, mentee
Associate Professor, The Sobey School of Business at Saint Mary’s University
Region Represented: East – Halifax, NS
Ellen has formally mentored four professionals, and has had more than 15 long-term mentoring relationships over the past 15 years. She has spoken at numerous entrepreneurial events, worked with a local grassroots organization to help setup mentoring partnerships for students, and is on the board for Enactus. Ellen also created an honour award for young entrepreneurs who are working to put themselves through university, and recently began working with the province of Nova Scotia to conduct a review of government venture capital.
“Ken is a very smart guy. He’s easy to talk to and always has time for me when I need it. I’ve learned so much from him, and I wish I could carry him around with me in my back pocket!”
Jason Montefrisco, mentee
President and CEO, PropertyGuys.com
Region Represented: East – Moncton, NB
Ken has formally mentored six entrepreneurs, and has informally mentored 20 more. He initiated a one-of-a-kind opportunity by awarding a franchise license as a prize on a special Ypreneur Gene edition of Dragon’s Den in 2009, and speaks publicly on the challenges facing youth in business.
“Business angels are well known, but who would have thought that with SAGE mentorat d’affaires, I would meet another type of angel: my mentor, Christiane Bélanger. Christiane has been working with me for 8 months now and she has allowed me to progress the equivalent of 5 years, both personally and professionally.”
Amélie Doyon, mentee
Choreographer, ballet producer, director, and founder of four Quebec-based dance organizations
Region Represented: Central – Quebec City, Quebec
Christiane’s approach to mentoring is to listen and talk from her heart. As a mentee herself, she believes mentoring is the greatest gift an entrepreneur can give themselves.
“Vicki has made a lifetime commitment to mentoring young entrepreneurs, helping them reach their true potential and create the world they want to live in. She is a force to be reckoned with as the impact she is creating on the world is not only being recognized through her own entrepreneurial ventures, but is reverberating through each and every one of her mentees.”
Anne Marie Paquette, mentee
Region Represented: Central – Toronto, ON
Vicki is a serial entrepreneur, author, passionate mentor, advisor-at-large to the next generation of change makers and leading advocate for entrepreneurship as a way of creating positive transformation in the world. Vicki was selected as a Global Leader for Tomorrow by the World Economic Forum and is a regular speaker at conferences around the world.
“If it weren’t for Gary I wouldn’t be the successful business woman I am today, proud of what I’ve accomplished in a short time, with big investors on board. I am fortunate to have Gary as a mentor and a part of our advisory board as well.”
Azadeh Nobakht, mentee
CEO, Bizzo Management Group
Region Represented: West – Vancouver, BC
Gary has been a Mentor and/or Business Coach to more than business leaders, investors and entrepreneurs. His latest book, “How to Start a Successful Business – The First Time!” is on Amazon and has been nominated for the International 2014 Small Business Book Awards. He was a Nominee for the 2014 Small Business Influencer Award.
A mentor is someone who provides personalized support to help an entrepreneur build their own skills and abilities to start and grow their business. Great entrepreneurial mentors emphasize feedback and reflection by the entrepreneur. A mentor is not the “doer,” but builds self-reliance and leadership in entrepreneurs. In a great entrepreneurial mentoring relationship, the entrepreneur sets the agenda and the relationship is often not time-limited. Mentors help entrepreneurs discover their own insights, options, solutions and decisions. Mentors fulfill many different roles throughout the relationship and know when and how to step into each role as needed: investigator, friend, mentor, advisor, coach, teacher, networker, cheerleader, etc.
An entrepreneur is an individual who undertakes risk in order to create a product or service that is designed to bring about growth and create new social and economic wealth. Often an entrepreneur sees an opportunity where there is an unmet need, even where uncertainty exists. They create something of value for society (this includes cases where a start-up fails but nevertheless enables the entrepreneur to learn from it). Ultimately, an entrepreneur is any business founder/venture founder, co-founder or business manager, who is/was actively participating in the running of the business and is/was a shareholder during the time of the mentoring relationship.
Yes, a you can nominate yourself as a mentor, and you will need to provide references from two mentees.
No, the eligibility criteria requires two distinct mentorships each lasting for a minimum of one year.
You do not need permission from the mentor, as he or she will be asked to either accept or decline the nomination within the application process itself.
You can still nominate your mentor for the BDC Mentorship Award and they can still be chosen as a finalist. However, the mentor cannot win the award as he or she must be available for the May event in Toronto.
If your mentor progresses to the due diligence stage of the evaluation process, one of his or her mentees will be asked to substantiate the impact their mentor has made on their business. This is done through the submission of financials and other documents.
There are three Regional Selection Committees appointed to the BDC Mentorship Award program: East (Newfoundland, Prince Edward Island, Nova Scotia and New Brunswick), Central (Quebec, Ontario and Manitoba) and West (Saskatchewan, Alberta, British Columbia, Yukon, North West Territories and Nunavut). These three-member committees will be comprised of a BDC representative, a Futurpreneur Canada representative and either an entrepreneur or mentor, all from the region they represent.
A finalist will be chosen from each province and one from the three territories, providing the mentor meets the eligibility requirements, the nomination application is complete, has passed the due diligence process and meets the minimum assessment criteria.