I recently received an e-mail about this intense national youth competition in Canada known as Impact Microcredit. I like to think of Microcredit as a war of entrepreneurs. Teams of youth across Canada are given a small amount of $100 from Impact – hence the microcredit – and you invest it in a business venture to make as much money as possible within a period of ten days.
Wait, what’s Impact anyway? Well, the Impact Entrepreneurship Group is the largest non-profit student-run organization in Canada dedicated to encouraging the entrepreneurial spirit within youth. Actually, the person who started it was a Shad alumni, Kunal Gupta, who is now the CEO of his personally founded mobile software company Polar Mobile. (Go Shads!)
Back to the competition. So, teams of 3-5 friends in high school from coast to coast compete vigorously from April 21st – 30th, pushing the boundaries of innovation and initiative to new heights. In other words: they combine their passion for entrepreneurship, with their incredible ideas, and turn that $100 into as much money as they can.
So what do you do with the money after ten days? Keep it, obviously. Just kidding ^_^ Where would the altruism be in that? That’s why all profits of the competition are donated to a charity of your choosing! So, not only do you get to raise money for tons of worthy charities, but there are amazing scholarships and prizes up for grabs for all the teams that participate.
You can see a list of rules and important dates here, and basically all answers to any other questions you may have. However, you must register before April 9th, and I’m sure none of you will miss that deadline because you’re already brimming with ideas!
$100. 10 Days. One Challenge.
Make an Impact.
found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later