The Prince’s Operation Entrepreneur means business for our troops

February 12, 2013

The Prince’s Operation Entrepreneur means business for our troops

Program helps transitioning military members start and run successful businesses

TORONTO, ON (February 12, 2013) – Applications open today for The Prince’s Operation Entrepreneur, a program designed to assist Canadian Forces members interested in making the move from a military career to becoming an entrepreneur and improving their chance of business success.

Seeking a way for His Royal Highness The Prince of Wales to help transitioning Canadian servicemen and women, Prince’s Charities Canada looked to the Canadian Youth Business Foundation and Enactus Memorial to provide an option to those who see business ownership as their next career step.  His Royal Highness currently serves as Colonel-in-Chief to seven different Canadian Forces regiments. The Prince’s Operation Entrepreneur supports Canadian Forces members interested in realizing their ambitions of becoming entrepreneurs by providing:

  • Entrepreneurial education  and business planning support;
  • Start-up financing – participants may be eligible to receive up to $45,000;
  • One-on-one business mentoring – expert advice to help navigate the challenges of starting and running a business;
  • Based in Business – a dynamic, all-expense-paid, week-long entrepreneurial summer boot camp held at Memorial University of Newfoundland (July 21-27, 2013), Université Laval in Québec (held in French, August 11-17, 2013) and the University of Regina (August 18-24, 2013); and
  • Networking and community support.

“The Prince’s Operation Entrepreneur provides pathways to entrepreneurship for the men and women who have served our country with tireless dedication,” said Julia Deans, Chief Executive Officer, CYBF. “The remarkable organizations collaborating in The Prince’s Operation Entrepreneur are providing these individuals with the tools they need to create successful businesses, and CYBF is proud to continue our longstanding relationship with His Royal Highness The Prince of Wales as the Canadian affiliate of the Prince’s Youth Business International.”

The award-winning Based in Business entrepreneurial boot camp is the flagship component of the program, and applications for the summer 2013 program are now open at Here, participants will have access to corporate experts while working with university professors and business students to develop their business plan. After the course, participants may also receive vital support through CYBF, to help them start and run their businesses successfully, which may include up to two years of industry-leading mentoring, business support, start-up financing and access to a network of business experts.

“At first I couldn’t understand why non-Canadian Forces agencies and people were committed to offering such an incredible transition opportunity to aspiring entrepreneurs…for free,” said Lieutenant Commander Kathryn Hodgson, a retired personnel selection officer and graduate of last year’s Based in Business. “As participants in the program, we were blessed with this incredible opportunity to be taught, supported, mentored, and inspired by the best. The entire team has helped us realize our passion, potential, skills and energy, and we can now amplify these attributes within our individual areas of expertise within our own communities.”

The Prince’s Operation Entrepreneur builds on the successful track record of key partners; CYBF, Prince’s Charities Canada and Enactus Memorial; and is supported by the Department of National Defence (CF), Veterans Affairs Canada and Enactus Canada. The program is sponsored by the Government of Canada, The Prince of Wales’s Charitable Foundation, The Queen’s Silver Jubilee Trust and

Canadian Forces members of any age who are within 12 months of voluntarily releasing, have been voluntarily released from the military, or have been (or will be) medically released (no time restrictions) can learn more about the program and apply by visiting or calling 1-866-646-2922.

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Canadian Youth Business Foundation
The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing Canada’s economy one young entrepreneur at a time. We look at character not collateral, when providing youth, age 18-39, with pre-launch coaching, business resources, start-up financing and mentoring to help them launch and sustain a successful entrepreneurial business. CYBF is a founding member of the global G20 Young Entrepreneurs’ Alliance (G20 YEA). Visit

Prince’s Charities Canada
Prince’s Charities Canada (PCC) supports the Canadian charitable work of HRH The Prince of Wales. The work of PCC is focused on The Prince of Wales’s core interests, which have been well established in the UK for more than 30 years. These include improving the lives of disadvantaged youth, education, responsible business, improving the built environment, regeneration of heritage, environmental sustainability and support for the armed forces. PCC works with existing Canadian charities already connected to The Prince and facilitates new opportunities for charitable organizations in Canada and the U.K. to work together.

The organization’s objectives are guided by the work of The Prince’s Charities, a group of 16 non-profit U.K. organizations, of which The Prince of Wales is President. These charities collectively work in 38 countries and form the largest multi-cause charitable enterprise in the U.K., raising nearly $200 million each year. Initiatives are focused on The Prince’s main areas of work and are delivered by our partner organizations. Visit

Enactus Memorial
Enactus is an international non-profit organization that works with leaders in business and higher education to mobilize university students to make a difference in their communities while developing skills to become socially responsible business leaders. The Memorial University chapter has been internationally recognized for its program, “Based in Business,” which provides military veterans with business-skills training in a one-week summer residential setting. Visit

For more information please contact:
Lesley Wilmot
Director, Marketing and Communications, CYBF
(416) 408-2923, ext. 2203