The Libro Credit Union donates money to WE Tech Alliance, September 1, 2016. (Photo by Mike Vlasveld)The Libro Credit Union donates money to WE Tech Alliance, September 1, 2016. (Photo by Mike Vlasveld)
Windsor

Addressing Funding Gap For Local Entrepreneurs

WEtech Alliance is getting $50,000 to start a new program, aimed at helping new entrepreneurs over the age of 30.

"There are great programs from the province for youth entrepreneurs, however there's this gap for people over 30," says CEO Yvonne Pilon. "So this program will allow us to get them the seed capital and that seed mentorship that's really important in terms of their growth."

The money comes from the Libro Credit Union's Prosperity Fund, and will assist five local entrepreneurs over the course of 2017.

Pilon says the goal of the Libro Start-up Program is to provide working space, funding and intense mentoring to a few businesses, instead of minimal help for a dozen.

With 70% of its clients over the age of 30, WEtech feels this program will go a long way toward its end goal of creating jobs in Windsor-Essex.

Read More Local Stories