Your great idea could score you cash

If you have an idea for a new project or company but lack the financial support, you're not alone — according to a survey, you're among the two-thirds of Canadians who would like to start something on their own but can't begin the project because of a lack of funding. Start Something with Alesse is a contest designed to encourage young entrepreneurs to pursue their ideas by providing funding and guidance. Now in its third year, the contest is giving away two $5,000 prizes to help two individuals make their idea a reality.

The contest conducted a survey of Canadians aged 18 to 34 and discovered that 86 per cent of young adults define personal success as doing something they are passionate about. Almost threequarters (72 per cent) of these young adults want to be their own boss as opposed to working for someone else.

The competition aims to encourage young Canadians to expand their unique values and interests into larger projects to evoke social change. Start Something with Alesse encourages any new project idea, such as a new charity, company or social and cultural event. Past submissions include projects such as The Community Soccer Project; Love Floats: Random Acts of Kindness; and Reusable Evening Gowns.

Last year's winners created projects that reflected their education and personal passions. Alyssa Reid's project addressed the global issue of obesity and malnutrition through Planet Pounds. "For those who are interested in losing weight, you raise funds through sponsorship, and these funds are pledged to a charity fighting world malnutrition," was the description on the website.

Jesse Robson was able to extend her project Centre for the Arts Exchange, which brings seniors of all ages and abilities together to engage in physical, creative and social activities. "I encourage other young Canadians with a dream to submit their idea for something they want to start in order to help make their dream a reality," she said.

Entries will be accepted until October 31. For more details, check out startsomethingwithalesse.ca.