Black Entrepreneur Startup Program (BESP)

About this program

The Black Entrepreneur Startup Program (BESP), funded by RBC with additional loan financing from BDC, provides young Black Canadian entrepreneurs aged 18–39 with flexible, equity-free startup loan financing of $5,000–$75,000, up to two years of free mentorship, and access to a Canada-wide network of Black entrepreneurs. After two years of successful business performance, participants may also apply for up to $40,000 in follow-on financing.

What this program funds

The Black Entrepreneur Startup Program (BESP) is funded by RBC with loan financing from BDC and administered by Futurpreneur Canada. The program provides startup financing, mentorship, and networking support to young Black Canadian entrepreneurs.

Applicants must be Black Canadian entrepreneurs aged 18 to 39. Eligible organization types include startups, small businesses, and sole proprietors operating in any sector across Canada.

The program offers equity-free startup loans ranging from $5,000 to $75,000. Participants also receive up to two years of free mentorship and access to a Canada-wide network of Black entrepreneurs. After two years of successful business performance, participants may apply for up to $40,000 in follow-on financing.

Applications are accepted on a rolling basis with no specific deadline listed.

Written by AI from this listing's own details, with no facts added. How we use AI. Always confirm the details on the funder's official page before applying.