Black Entrepreneur Program
As part of its mandate to provide funding and capacity building support for Canadian Black-led businesses, Black Opportunity Fund (BOF) has established the Black Entrepreneur Program to provide Canadian Black entrepreneurs with business education, financial literacy, skills training and support to help build their capacity and knowledge to operate successful, sustainable businesses.
Through extensive research and consultation, BOF recognizes the significant pain points faced by Black entrepreneurs who attempt to pursue business education and capacity-building support programs, as they have to sacrifice valuable time and related revenue from operating their businesses, or from ancillary employment to pursue these courses. To help overcome these barriers that significantly impact Black entrepreneurship, BOF is pleased to be disbursing non repayable funds to entrepreneurs through this initiative, throughout the duration of their enrolment.
Wrap-around Support Partner
Black Opportunity Fund (BOF) is pleased to collaborate with Black Entrepreneurs and Businesses of Canada Society (BEBC Society) to empower Black entrepreneurs across Canada through an innovative certification pricing model. This partnership will allow Black-owned businesses to access procurement and certification services that enhance their market visibility and credibility. BEBC and BOF are collaborating on the BEBC Supplier Council x BOF Certification Refund Program, which provides financial support to Black-owned businesses that complete the BEBC Procurement and Certification Readiness Course. This program aims to equip Black entrepreneurs with the knowledge and skills to navigate procurement processes and grow their businesses successfully.
We are grateful to the generous donation from CIBC and the CIBC Foundation in support of BOF, as well as CIBC’s ongoing commitment to supporting Black communities and Black entrepreneurs, which has made this transformative initiative possible.
For more information about CIBC’s Black Entrepreneur Program
Program Details
- Wraparound services will be provided to Black entrepreneurs to help build their capacity as sustainable businesses, in areas such as:
- Financial literacy
- Creating a business plan
- Creating financial projections
- Improving credit score
Upon completion of key program milestones, clients will receive payment from Black Opportunity Fund in the form of non-repayable funding to support their journey through as they build their business capacity.
Black Opportunity Fund (BOF), through generous funding support from the CIBC Foundation is currently offering reimbursement of up to $2,000 each calendar year to cover the fees incurred to obtain licenses, permits, and certifications that are essential for business continuation and growth.
About Black Opportunity Fund
Black Opportunity Fund (BOF) is a community-led registered Canadian Charitable organization, whose mandate is to dismantle anti-Black racism by establishing a sustainable pool of capital to fund Black led businesses and Black led not for profits and charities, in order to improve the social and economic well-being of Canada’s Black communities.
Black Opportunity Fund will shortly be launching other important program supports related to its mandate, including a lending program for Black led businesses, and a grant program for Black led, Black community serving not for profit and charitable organizations.