FedDev Ontario pledges millions to support Black entrepreneurs
Summary
FedDev Ontario is investing $2.4 million in Toronto's Black Creek Community Health Centre to expand the Black Entrepreneurship Alliance incubator programs. The funding will add business process improvement training, export-readiness support, and an annual forum for Black-led businesses. The BEA also runs a venture catalyst program for early-stage Black-owned tech startups and an investment bootcamp for fundraising skills. The initiative aims to support more than 350 businesses and professionals across the Greater Toronto Area.
Funding
Amount
$1.8M
Total raised
Date
September 3, 2025
Announcement date
Investors
York University
Lead investors
Company
-
Funded company
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