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”YO-No.5 www.mn1m Rainy aklaa didn’t atop that young paopla "om anioylng Whoa on midway [idea dining tho 15th annual Waiodoo Daya hallwal hold in Watorloo Park on the “an; Foul math“ cauaad tho cancellation' of many of the 30 'tg'aPgtt,; gal Manda of aroa naidanta btavod the olomonta to Ma part in tun-ill family ”Milan. See additional photos on paga 6. WA TERLOO DA rs, WET, YET FUN! THIS WEEK INSIDE The chief makes his‘ (pitch = SEE PAGE " -._tt.r'tetot' students with an oppor- tunity to make enough money to get back to school. to give them some expertise in busi- ness and to provide the opportunity or hiring other students. hlost of the programs approved this year, he said, are in the mutate name are” such " painting, home in! movement: and grass- VENTURE CAPITAL PROQAM Unemployed students start new businesses The purpose of the program. said Jack Middleman. executive vice-president of the Kitchener Chamber of Commerce who is one of tour members of a local selection commit- tee which reviews all project applications. is Summer Venture Capital Program is an Experience '82 pro- gram sponsored and administered by the Ontario Youth Score tariat in cooperation with the Ontario Chamber of Commerce and the Royal Bank of Canada. when”? - to These are Just three of over 20 projects operating in the K-W area this summer which are funded by the provincial govern- ment’s Summer Ven- ture Capital Program. The idea behind the program is simple: give eligible students a $2,000 interest-free loan, repayable by Oct. l, and let them loose to set up and run their own business. And, that is also why the city of Waterloo’s business community now includes such firms " Lundy Enter- prises. Hague Lighten- Ing Blinds, and JR By “clothe Martinuk If you can't find a company to work for, start your own. That is what almost two dozen local high school and university students have decided to do this summer to overcome a slow student summer Jolt market. She’s head of Meals on Wheels - SEE PAGE 4 Lundy came up with the idea of the t-shirt after the last flight of the shuttle. “Everyone was talking about the space arm. and I won- dered why no one had attempted to use it The brainchild of a 25-year-old University of Waterloo economics student. Jlm_Lundy, Lundy Enterprises markets Him and baseball caps bearing a specially-designed. stylized illustration of the Canadian-made space arm of the US. space shuttle. Lundy Enterprises is one of the Cindividual" projects. cutting. But, Middle- mass added. there are some “individual - as well." Laurier board approves 9% salary hikes Wilfrid Laurier Univ,ersity's board of governots approved a nine per cent across-the-board salary increase effective July 1 for Its 214 faculty members at a special meetIng Tuesday. Further adjustments also effective July 1 of up to " per cent could be given, depending on salary settlement at other Ontario universities. Currently minimum salaries by rank at Laurler are 321,506 for assistant profes- sors. 827.702 " associate professors and $34,041 for full professors. The average salary for all faculty members " Wilfrid Laurier University currently is $35,750. President Neale Tayler, who made the recommendations. reported they had been accepted earlier by the (acuity associa- his company to sue- ceed. the student said. “If I don't make a lot of money. I don't care." "This is not a money- making process, it's a learning experience for the future." explained (Continued on page 3) some way." So, he had a Mend, a commercial artist in Toronto, design the logo and got to work planning his company. For Lundy, the ven- ture capital program is providing much more than a chance to raise money needed to re- turn to school. Even more impor- tant, it provides an inside look at the prob- lems of running ahusi- mentioned on Page 3) Naturally, he'd like