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Source verified March 4, 2026
Black Entrepreneur Startup Program
Supporting young Black entrepreneurs with funding, mentorship and resources
Latest source updateLast Update: September 28, 2026Latest change: Futurpreneur’s industry eligibility guidance now clarifies additional acceptable and ineligible business types across several sectors.View change
Latest source update
Last Update: September 28, 2026
Latest change: Futurpreneur’s industry eligibility guidance now clarifies additional acceptable and ineligible business types across several sectors.
Industry eligibility guidance updated
Futurpreneur’s industry-eligibility guidance was updated with new clarifications across several business types and sectors. The revised PDF adds or refines treatment for payment services, insurance and investment brokers, construction projects, gaming and video arcades, firearms-related businesses, daycares, used goods, agriculture, and certain retail exceptions such as pharmacy sales of condoms or prosthetics and convenience-store tobacco sales. The document also distinguishes more clearly between eligible, ineligible, and case-by-case businesses, including certain software, online, and retail models.
Funding available
$ 75,000
Deadline
Open continuously
Location
Canada
Overview
The Black Entrepreneur Startup Program provides up to $75,000 in flexible, non-dilutive loan funding to support young Black entrepreneurs in launching or acquiring a business. The program also offers free mentorship and access to a national network and resources to help eligible participants establish and grow their companies.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Start a business
- Launch or market a product/service
Eligible Funding
- Maximum amount : 75,000 $
- Up to 25% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Black Canadians
- Canadians
- Youth (<40)
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Availability timeline
2026
Periods: 1
Activities funded
- Scaling your business even further
Documents Needed
- Business plan
- Financial forecasts for the next two years
- Government ID
- Financial statements, including a Notice of Assessment, for follow-on financing
Official resources
Eligibility
Who is eligible?
- Black entrepreneurs
- Black entrepreneurs who also identify as Indigenous
- Early-stage businesses owned by Black entrepreneurs
Eligible geographic areas
- Canada
How to apply
- Step 1: Register online
- Go to Futurpreneur’s website and register as a new entrepreneur through the application portal.
- Confirm your email address through the automatic email sent after registration.
- Step 2: Complete your application
- Fill out the form in the portal.
- Upload the required documents, including your business plan, financial forecasts, and government ID.
- Step 3: Review and follow up
- Wait for the application to be reviewed once all required documents are uploaded.
- Speak with the assigned analyst about your application and next steps.
Processing and Agreement
- Applications are reviewed after all required documents are uploaded.
- A Futurpreneur analyst contacts applicants to discuss the file and next steps.
- Approval for follow-on financing is not guaranteed.
Additional information
- The program includes up to two years of free mentorship for successful applicants.
- Participants gain access to a nationwide network of Black entrepreneurs and business management resources.
- There are opportunities for organizations to become community partners and help deliver resources and mentorship to Black entrepreneurs.
- Dedicated team members are available across Canada to support Black entrepreneurs through the program.
Frequently Asked Questions about the Black Entrepreneur Startup Program Program
What is the Black Entrepreneur Startup Program?
The Black Entrepreneur Startup Program provides up to $75,000 in flexible, non-dilutive loan funding to support young Black entrepreneurs in launching or acquiring a business. The program also offers free mentorship and access to a national network and resources to help eligible participants establish and grow their companies.
How much funding can be received?
Black Entrepreneur Startup Program Funds up to 25% of admissible expenses, capped at $75,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Black Entrepreneur Startup Program program?
To be eligible for the Black Entrepreneur Startup Program program, you must:
Black-owned business
Canadian citizen or permanent resident
Age 18 to 39
Where is the Black Entrepreneur Startup Program available?
The Black Entrepreneur Startup Program program is available across Canada.
Is the Black Entrepreneur Startup Program a grant, loan, or tax credit?
Black Entrepreneur Startup Program is a Other Support
Who are the financial supporters of the Black Entrepreneur Startup Program?
Black Entrepreneur Startup Program is funded by Futurpreneur Canada