The Bold Spirit Awards

The BOLD SPIRIT Awards is a grant program that celebrates and supports young entrepreneurs in Canada who demonstrate resilience, innovation, and leadership by awarding $5,000 to help grow their business.

Business in the Streets (BITS)

Overview of the The Bold Spirit Awards program:

The BOLD SPIRIT Awards, an initiative by Business in the Streets (BITS), is designed to recognize and financially empower young entrepreneurs aged 18–34 who have shown exceptional determination, creativity, and leadership in building their businesses. This award focuses on individuals who have overcome personal and professional challenges to pursue entrepreneurship, while uplifting their communities through innovative business ideas. The program offers a $5,000 grant to three recipients annually. It is not merely about business success, but about celebrating the spirit and journey of entrepreneurship—particularly for those from underserved or marginalized communities. The selection process places heavy emphasis on personal story, resilience, and social impact. Applicants are asked to submit a written application, a 2-minute video describing their journey and business, and proof of their business's registration or operation in Canada. Finalists are selected based on their vision, grit, and how their business positively influences the broader community. The BOLD SPIRIT Awards are part of BITS’ broader mission to provide youth with access to resources, mentorship, and capital to pursue entrepreneurship as a viable career path.

Benefits of the The Bold Spirit Awards program:

$5,000 cash grant for business development
Recognition as a BOLD SPIRIT Award recipient
Opportunity to share your business story and journey publicly
Exposure through the BITS community and social media channels
Validation and support for young entrepreneurs, especially those who have overcome adversity
Empowerment and visibility for entrepreneurs who give back to their communities
Encouragement for business growth and personal development

Eligibility criteria of the The Bold Spirit Awards program:

Must be between 18 and 34 years old at the time of application
Must be a resident of Canada
Must own or operate a registered business or a clearly operational business in Canada
Must be able to demonstrate resilience, leadership, and positive community impact
Must submit a 2-minute video, a completed application form, and relevant documents
Preference is given to entrepreneurs who are making a difference in underserved or marginalized communities
Applicants do not need to be incorporated, but must show their business is functioning
Open to all industries, as long as the business demonstrates purpose and spiri