Black Entrepreneur Startup Program was launched in March 2021, and it is delivered by a team with lived experience and builds upon all the offerings of Futurpreneur�s core Startup Program. Funded by RBC, with additional loan financing from BDC, it provides participants with $5,000 to $60,000 in inclusive startup loan financing and networking opportunities. It also offers the opportunity to apply for up to $40,000 in follow-on financing, funded by RBC, based on the first two years of successful business performance.
The Black Entrepreneur Program for�Black entrepreneurs age 18-39�provides�startup loan financing�and up to�two years of mentorship, plus access to resources and networking opportunities with fellow entrepreneurs across Canada.
This program is funded by�RBC, with additional loan financing from�BDC.
Eligibility Requirements
The following are the high-level eligibility requirements for the�Black Entrepreneur Startup Program:
* * Participants must�self-identify as Black�and be Canadian citizens or permanent residents�age 18-39; and * When there are only two partners (owners) of the applicant business, the business must be majority Black-owned (> 50%); and * When there are more than two partners (owners), the business must be at least 25% Black-owned (�25%).
Benefits
Inclusive Financing
Financing from $5,000 to $60,000 in startup loan financing * (up to $40,000 of which is delivered by Futurpreneur, funded by RBC; and up to $20,000 loaned by BDC)
Mentorship
Up to two years of 1-1 expert mentorship.
Resources
- From our interactive Business Plan Writer to our Cash Flow Template, gain access to the resources you need to succeed.
Networking Opportunities
- Engage with a national network of Black entrepreneurs, leaders and Black-led community organizations at a range of entrepreneurship events
Follow-On Financing
The opportunity to apply for up to $40,000 in follow-on financing funded by RBC, based on the first two years of successful business performance.
For More Information: Visit Black Entrepreneur Startup Program
