Program Costs and Related Earnings
The Next 36 costs approximately $30,000 per participant to deliver. These costs are generously covered for each young entrepreneur by the individuals, organizations and foundations supporting this program.
Program costs are substantial, due to a number of high value-added elements:
An intensive selection process that culminates in a fully-funded national selection weekend (the costs of all finalists’ travel and accommodation are covered by The Next 36)
Up to $80,000 in seed capital per venture to research, develop, prototype and pilot a new venture in the mobile environment
Access to communication tools to facilitate national teamwork
Guidance on high-tech new venture development from experienced industry leaders
International faculty traveling from around the world to teach award-winning courses to The Next 36
Mentorship from extraordinary Canadian entrepreneurs and business leaders
Unique opportunity to access investors, build a company and own a piece of its equity
Students will be expected to cover their own travel costs to and from the program, and their room and board in Toronto for 16 weeks during Phase II of The Entrepreneurship Institute. During the summer of 2013 students will live in residence at the University of Toronto.
In 2012, each team shared a 4-bedroom suite at Innis College Residence. Each suite featured: private bedrooms; living room, 1.5 bathrooms, linens, a shared kitchen equipped with fridge/freezer, stove/oven, microwave. Meals were not provided. The building’s common facilities include study rooms, laundry rooms (coin operated - $1/wash, $1/dry, loonies only), 2 large-screen television rooms, a music room with baby grand piano, and a fitness room. The residence is fully air-conditioned and accommodation included weekly cleaning of the suite’s common areas and access to the University’s Internet network. The cost for living in residence for the summer from early May 2012 to mid August 2012 was approx. $2,600 (including taxes). Students participating in The Next 36 are responsible for covering this cost.