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Black Entrepreneur Startup Program
Supporting young Black entrepreneurs with funding, mentorship and resources
Last Update: March 4, 2026
Funding available
$ 75,000
Timeline
- 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.
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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
Timeline
- Open continuously
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
Activities funded
- Starting a new business
- Buying an existing business
- Growing an early-stage business
- Applying for follow-on financing after successful initial participation
Documents Needed
- Business plan
- Financial forecasts for the next two years
- Government ID
- Financial statements, including a Notice of Assessment, for follow-on financing
Eligibility
Who is eligible?
- Black entrepreneurs
- Black entrepreneurs who also identify as Indigenous
- Early-stage businesses owned by Black entrepreneurs
Eligible expenses
- Startup or business acquisition costs covered by a flexible loan of up to $75,000.
- Access to mentorship and business resource tools to support business growth.
Eligible geographic areas
- Canada
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
Here are answers to the most common questions about the Black Entrepreneur Startup Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
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.
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
What expenses are eligible under Black Entrepreneur Startup Program?
Starting a new business
Buying an existing business
Growing an early-stage business
Applying for follow-on financing after successful initial participation
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