Black Entrepreneur Startup Program

Overview of the Black Entrepreneur Startup Program program:

The Black Entrepreneur Startup Program offers participating Black entrepreneurs age 18-39 across Canada: Inclusive financing: from $5,000 to $60,000 in startup loan financing (up to $40,000 delivered by Futurpreneur, funded by Royal Bank of Canada [RBC]; and up to $20,000 loaned by BDC); and Mentorship: Up to two years of 1-1 expert mentorship; and Resources: From our Rock My Business series, interactive Business Plan Writer to our Cash Flow Template, we provide access to the resources you need to succeed; and Networking opportunities: Engage with a growing national network of Black entrepreneurs, leaders and Black-led community organizations at entrepreneurship events; and Follow-on financing: The opportunity to apply for up to $40,000 in follow-on financing delivered by Futurpreneur, funded by RBC, based on the first two to three years of successful business performance. Why does Futurpreneur have a spe

Benefits of the Black Entrepreneur Startup Program program:

• Financing from $5,000 to $60,000 in startup loan financing.
• Up to two years of 1-1 expert mentorship.

Eligibility criteria of the Black Entrepreneur Startup Program program:

• 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 aged 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%).