Canadian Youth Are Set Up to Fail in The New Economy; If They Fail, We All Fail
RBC Future Launch is a 10-year $500 million commitment to help Canadian youth prepare for the jobs of tomorrow. We are moving beyond financial investment by engaging the public and private sectors to further understand the issue and make a significant impact on the lives of young Canadians.
RBC Future Launch is a catalyst for change-bringing people together to co-create solutions so young people are better prepared for the future of work.
Young people today are faced with three critical barriers they need to overcome to be successful:
The lack of relevant experience will be addressed by giving young people equitable access to quality work-integrated learning experiences, to not only prepare them for the realities of the workplace, but also give them valuable resume building opportunities to meet the needs of employers.
Work experience opportunities may include:
- Work-integrated or experiential learning
- Paid internships (for at least the minimum wage)
- Vocational training
The skills gap will be addressed by ensuring that young people are future-ready by providing equitable access to 21st century skills including:
- Critical thinking
- Complex problem solving
- Social Perceptiveness
- Financial literacy
- Information communication/technology/Digital literacy
- Teamwork and collaboration
- Creativity and innovation
We will harness vast knowledge and goodwill of Canadians to guide young people to the opportunities that exist, and will exist, across Canada. We want to provide them with career development support, advice, and networks critical to gaining employment including:
- Work-relevant networks
- Skills assessments and relevant job matching
- Career counseling
- Job shadowing
- Access to labour market information
Creating solutions through RBC Future Launch
We will donate to charitable programs that:
- Target young people in their transitional years, specifically ages 15-29
- Focus on one or more of our solution areas (providing equitable access to work-integrated learning experiences, building long-term sustainable partnerships to address the skills gap, harnessing the knowledge and goodwill of Canadians using social media, mentorships and other resources to guide young people to opportunities)
- Demonstrate a thoughtful, evidence-based design that considers:
- Scale of intended impact
- Specific costs associated with creating impact
- Time required to achieve and report on impact
- Relevant risks
- Are inclusive, are informed by and enable us to reach and meet the needs of young people from diverse communities, including but not limited to people who are:
- Of different genders, sexual orientations or identities
- Indigenous, Inuit or Metis
- From diverse cultural, linguistic or ethnic backgrounds (e.g. newcomer populations)
- Geographically diverse (e.g. rural, remote or on-reserve)
- Living with physical or mental disabilities
- Various ages (e.g. mid or late teens: early, mid or late twenties)
The Application Process
To be considered for an RBC Future Launch grant, your organization must be a registered charitable organization with the Canada Revenue Agency (CRA), or a CRA-qualified donee operating in Canada, and have audited financial statements.
Prior to starting your online application, please review the
RBC general donations eligibility criteria.
For all RBC Strategic programs, including RBC Future Launch, applications (of $10,000 or more) are accepted on a rolling basis.
All applications for grants greater than $100,000 should be discussed with an RBC Donations Manager, based on the program/project’s location of impact, prior to being submitted. To identify your RBC Donations Manager, please contact email@example.com with the location of your program/project.
Note: RBC’s grant review process normally requires up to 90 days from submission to a decision. For that reason, we strongly recommend that you submit your application 3 to 6 months prior to the date upon which funds will be required for your program/project.