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Who are Canada's Best Young Entrepreneurs?

April 21, 2011

News Releases

PROFIT Magazine and Impact Entrepreneurship Group launch the innovative FuEL Awards to promote youth entrepreneurship and secure Canada’s economic future

TORONTO, April 21 /CNW/ – Every year, thousands of eager and confident young Canadians, brimming with innovative ideas and a passion for shaping the future, strike out on their own in business.  

Canada needs many more of them. In fact, our economic prospects depend on them.  

That’s the impetus for the FuEL Awards, being launched today by PROFIT Magazine in partnership with Impact Entrepreneurship Group. Celebrating Canada’s Future Entrepreneurial Leaders (FuEL), the awards will honour the achievements and aspirations of entrepreneurs under the age of 30, identify role models for progressive business practices and inspire youth to make entrepreneurship their No. 1 career choice.  

The FuEL Awards take a unique and innovative approach by engaging Canadians of all ages and walks of life in determining the winners. The program integrates today’s most popular social media tools to attract nominations, applications and votes for the candidates.Votes from the general public will constitute 20% of each candidate’s total score, with the remainder determined by a panel of judges from the entrepreneurial community.  

All Canadians are encouraged to get involved in this exciting initiative by visiting to:

–    Nominate a young entrepreneur
–    Apply for the awards
–   Vote for their favourite candidates  

The application deadline is June 30, 2011. Voting closes July 31, 2011.  

“Canada’s future competitiveness rests in its ability to nurture entrepreneurs who can produce world-beating innovations, create high-quality jobs and build sustainable businesses,” said Ian Portsmouth, editor-in-chief of PROFIT Magazine. “The FuEL Awards will play a leading role in this effort, inspiring youth to choose the entrepreneurial path and giving today’s young entrepreneurs the credit they deserve for their achievements.”  

Winners of the 2011 FuEL Awards will receive:

–   Profile on the FuEL Awards website and in an extensive editorial package in PROFIT Magazine
–   A one-day business consultation with KPMG Enterprise  professionals
–   A chance to be named FuEL Entrepreneur of the Year and attend the exclusive QuantumShift™ program at the Richard Ivey School of Business at the University of Western Ontario, courtesy of KPMG Enterprise –    Also, the applicant who attracts the most votes from the public will receive the  People’s Choice Award  

“Impact is proud to be a founding partner of the FuEL Awards,” said Vino Jeyapalan, President of Impact Entrepreneurship Group. “We believe the FuEL Awards will be the biggest endeavour to date that brings together the entrepreneurial community in support of young entrepreneurs.”  

The inaugural FuEL Awards are produced with the support of Presenting Sponsor Rogers, National Sponsors KPMG Enterprise and TD Bank Financial Group and Associate Sponsor Filemobile.  

The winners of the 2011 FuEL Awards will be announced on November 14, 2011, and profiled in the December 2011/January 2012 issue of PROFIT.  

An editorial arguing for more support for youth entrepreneurship appears in the May 2011 of PROFIT, and is available at

For more information about the FuEL Awards, visit

About PROFIT Magazine
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior manag­ers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generat­ing positive economic and social change. Visit PROFIT online at

About  Impact Entrepreneurship Group
Founded in 2004, Impact Entrepreneurship Group is Canada’s leading youth-run, non-profit organization dedicated to strengthening youth entrepreneurship. Through its various programs, Impact encourages youth to venture down the path of entrepreneurship and supports their endeavours along the way. Impact succeeds in these efforts due to its driven members, strong alumni network and many supportive partners. Visit Impact online at