"While entrepreneurship can be challenging, Black founders often face additional barriers in accessing funding, mentorship, and networks, barriers that can also create psychological hurdles. In fact, a 2025 BDC study found that 72% of Black entrepreneurs shared that the fear of racial stereotypes almost stopped them from starting a business. To support founders on every stage of their journey, we've updated our guide to highlight programs, funding, mentorship, and community resources specifically for Black entrepreneurs across Canada!"
"ANZA, based in Alberta, supports Black youth aged 18 to 30 turn ideas into actionable business plans through a 25-week strategy. Through mentorship, workshops, and practical skills-building, participants gain the tools and confidence to launch their ventures. BBVA helps Black founders start and build tech businesses through events, resources, and programming. Their Mwanzo Program supports Black entrepreneurs who are testing their business ideas and learning how to develop business foundations through a free, four-week hybrid program."
Black founders face additional barriers in accessing funding, mentorship, and networks that can create psychological hurdles. A 2025 BDC study found that 72% of Black entrepreneurs shared that the fear of racial stereotypes almost stopped them from starting a business. A national guide highlights programs, funding, mentorship, and community resources for Black entrepreneurs across Canada, covering every stage from idea validation to financing and growth. ANZA's Black Entrepreneur Ecosystem Program supports Black youth aged 18–30 through a 25-week strategy with mentorship, workshops, and practical skills-building. BBVA's Mwanzo Program provides a free four-week hybrid course for founders testing ideas. Futurepreneur's Black Entrepreneurs Startup Program (BESP), funded by RBC and BDC, offers inclusive startup loans, mentorship, networking, and follow-up financing for founders aged 18–39. Black Founders Network (BFN) provides industry- and stage-agnostic mentoring, sponsorships, and accelerator access.
Read at www.startupcan.ca
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