NEWS FOR NEWCOMERS

FREE BUSINESS TRAINING FOR NEWCOMER ENTREPRENEURS

Ontario government is now accepting applications for the 2024-25 intake which will provide eligible entrepreneurs with free online business development training, culturally responsive coaching, networking supports and a one-time grant of $10,000. Image credit: MART PRODUCTION on Pexels.

From MINISTRY OF CITIZENSHIP AND MULTICULTURALISM

The Ontario government is investing $5 million in the Racialized and Indigenous Supports for Entrepreneurs (RAISE) program to provide free access to business coaching, training and grants for more than 400 Indigenous, Black and other racialized entrepreneurs.

This is part of the government’s $15 million investment over three years to provide more than 1,200 entrepreneurs with the training and support to launch and grow successful small businesses.

The RAISE program helps eliminate barriers faced by Indigenous, Black and other racialized entrepreneurs who want to start or grow their businesses. The government is now accepting applications for the 2024-25 intake which will provide eligible entrepreneurs with free online business development training, culturally responsive coaching, networking supports and a one-time grant of $10,000.

The online training includes modules on business financials, cash flow management, business operations, marketing and public relations strategies and digital transformation. In partnership with DMZ at Toronto Metropolitan University, the program also provides one-on-one and small group business coaching, as well as networking opportunities to assist entrepreneurs in developing and achieving their business action plans, building networks, connecting to market opportunities and accessing information and services.

Since its initial launch in 2022, the government has supported more than 900 Indigenous, Black and racialized entrepreneurs to build the skills they need to succeed.

A few quick facts:

To be eligible for the RAISE program, businesses must be registered/incorporated, based in Ontario and owned by an Indigenous, Black or other racialized individual. The RAISE program is helping break down barriers and create opportunities for Indigenous business owners so they can contribute to economic growth in their communities and across the province.

“We extend our heartfelt gratitude to the RAISE program for their transformative grant, which has been a true catalyst in advancing our mission at Rili Budding Scientists’ Lab,” said Dr. Umang Suthar, founder of Rili Budding Scientists’ Lab. “With RAISE’s support, we’ve been able to broaden our reach, empowering young minds through hands-on STEM education and fostering a passion for innovation in the next generation. Thank you for being a vital partner in shaping future scientists and innovators!”