Plan To Boost Entrepreneurship In PG
By 250 News
Prince George, B.C. - The city of Prince George lags behind other benchmark communities when it comes to the creation of new businesses, and a plan is afoot to change that...
A proposed Northern Innovation and Entrepreneurship Initiative is in the process of being formed. If approved, funding for the proposed $350-thousand dollar community partnership would come from the B.C. Innovation Council, Western Economic Diversification, the federal Industrial Research Assistance Program, UNBC and other partners. Initiatives Prince George would be the administrative partner in developing the program, at no cost to its core budget.
IPG's V-P of Economic Development, Kathy Scouten, says, right now, there is a gap in services out there for entrepreneurs looking to create a small business and the program's goal is fill in some of those holes.
Scouten says, in the past, Prince George has had a boom-and-bust type economy and may have made some people unwilling to take on the risk of a small business venture. "But one of the huge advantages that we have now that we haven't had before is the strength of the university: we have over 600 graduate students in various science and social science research programs and they're innovating everyday in the work that they do; we have a business program at UNBC that is graduating MBAs," says the IPG spokesperson. "So we have huge resources there that, with this kind of program, we could tap into the potential that they have for boosting our rate of entrepreneurship."
"That's really the end goal - to have more small firm creation," she says. "And part of that is really about creating a culture of entrepreneurship, so that people who have ideas see a way of turning them into commercial opportunities that generate jobs and grow the economic wealth here."
Funding applications have gone into the various groups. An intial application to the B.C. Innovation Council would be 'leveraged up' through the Western Economic Diversification Fund.
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