February 11, 2022

New program Aims To Scale Black-led Tech Startups Across Canada

A new initiative, launched by Dream Legacy Foundation (DLF), an organization that runs innovative programs to boost entrepreneurship within the Black Community and Ryerson University’s business incubator, has just taken off.

The new three-month program is designed to support Black founders looking to accelerate their tech startup’s growth.

Supported by a $3 million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario(FedDev Ontario), and the Black Entrepreneurship Program Ecosystem Fund, the Connections program will provide Black founders with a track-based coaching program customized to address their needs and the business barriers Black-led startups often face.

The newly launched Black Innovation Connections program will focus on helping Black founders establish product-market fit, attract talent, and secure investment funds.

Founders taking part will receive peer-to-peer and mentorship sessions, exclusive access to DMZ events, access to office and hotel space, loan assessment opportunities, pitch opportunities through Black Innovation Capital, and a $5,000 grant.

“The time is now. We’re thrilled to be expanding our Black Innovation Programs, and have no doubt that Connections will unlock even more opportunities for Black founders,” said Janey Buzugbe, head of the Black Innovation Programs and Partnerships at the DMZ, said in an official statement.

“Support from the Government of Canada will help the DMZ and Dream Legacy Foundation empower the next wave of Black-led startups through coaching, mentorship, and financial support — resources that have been systematically inaccessible to the Black community for far too long,” she added.

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Abbianca Makoni

Abbianca Makoni is a content executive and writer at POCIT! She has years of experience reporting on critical issues affecting diverse communities around the globe.