News and Events
RBC continues commitment to entrepreneurship
March 1, 2021
As a longtime supporter and founding partner of the Medicine Hat College (MHC) Entrepreneur Development Centre (EDC), the Royal Bank of Canada Foundation (RBC) has reaffirmed their commitment to preparing students for the future of work with a $75,000 contribution for the 2020/2021 academic year.
The funding is being utilized in the stewardship and enhancement of a number of EDC programs that provide mentorship and experiential learning opportunities to students and aspiring entrepreneurs in our region.
With EDC programs and events typically offered in an in-person format, Christie Wilson, MHC’s entrepreneur outreach coordinator, explains how adapting to the current environment of virtual learning was critical.
“One of the many things we were able to do with RBC’s support this year was to pivot our existing programming to online delivery, which improved learning flexibility and reduced the barriers for students to access the content and materials.”
“For example, our Venture Start Up program is offered in multiple local high schools and involves eight weeks of entrepreneurial mentorship from industry professionals as well as practical coursework for the students to complete throughout the semester. We were able to create online self-serve modules, ensuring that students would not miss out on the valuable information and skills that greatly benefit and support their futures in entrepreneurship.”
A second EDC program that will be offered in an online format this year is Start Up Essentials, an eight-week program designed to help aspiring and early stage entrepreneurs turn their idea into a viable business venture through the acquisition of essential skills and mentorship from industry leaders.
Participants learn how to validate their concept through business modelling, refine their business strategy, and attain the capital necessary to create value and grow their business, describes Wilson. Important pivots have occurred recently to put the program online so that more people in our region can access and benefit from Start Up Essentials.”
Wilson further explains that RBC’s contribution generated the opportunity to create new programs that address needs in learning opportunities and provide additional ongoing support to our local workforce and business community.
We recognized that there was an opportunity to continue to support and follow entrepreneurs throughout their journey, from the initial venture start-up on to when their business has been operational for some time.
Scale Up Essentials is a brand new program that is designed to fill that gap and help established business owners grow their venture in scope and scale.”
Suited for solo-prenuers, small business owners, and student entrepreneurs that are considering growing or pivoting their business, participants will learn how to identify and validate new product lines, develop a growth funding strategy, and devote time to renewing their business model through six-weeks of course material, mentorship, and coaching.
“We are very grateful for RBC’s continued support and commitment to building a better future of work, which enables MHC to offer these types of entrepreneurial-focused educational opportunities to our community,” adds Wilson.
Registration is now open for both Start Up Essentials and Scale Up Essentials, with programming to run through April and May. Learn more about these offerings and register here.
Note: Start Up Essentials and Scale Up Essentials are free to MHC students and recent graduates. To apply for the EDC tuition discount, complete this form. MHC alumni are eligible for a $100 discount code by filling out the registration form here.