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No specific deadline mentioned; program was extended with $189 million over five years per 2024 Fall Economic Statement.
The Black Entrepreneurship Program (BEP) is a Canadian federal initiative from Innovation, Science and Economic Development Canada (ISED), co-developed with the Black business community, investing $189 million over five years to address systemic barriers facing Black business owners and entrepreneurs.
The program has three components: the Black Entrepreneurship Loan Fund (loans up to $250,000 through FACE and BDC), the Ecosystem Fund (delivered by regional development agencies to support Black-led nonprofits and business organizations), and a Knowledge and Research component to improve data on Black entrepreneurship in Canada. Eligible applicants are Black entrepreneurs and business owners across Canada.
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Black Entrepreneurship Program Black Entrepreneurship Program The Black Entrepreneurship Program (BEP) is an initiative developed with the Black business community to help address systemic barriers faced by Black business owners and entrepreneurs.
Through its three components, BEP provides targeted support to Black business owners and entrepreneurs to help improve access to capital and business support services (such as training, advisory services, mentoring and networking) and seeks to improve the quality and availability of data on Black entrepreneurship in Canada.
BEP was extended with an investment of $189 million over five years, as laid out in the 2024 Fall Economic Statement. Components of the program Black Entrepreneurship Loan Fund The Black Entrepreneurship Loan Fund provides loans of up to $250,000 to Black business owners and entrepreneurs across the country to start, grow and maintain their businesses.
The Loan Fund is administered by the Federation of African Canadian Economics (FACE), in partnership with the Business Development Bank of Canada.
Frequently asked questions Delivered by the regional development agencies, the Ecosystem Fund supports not-for-profit Black led business organizations across the country in their capacity to provide support services such as mentorship, financial planning and business training for Black entrepreneurs.
Black Entrepreneurship Knowledge Hub The Black Entrepreneurship Knowledge Hub conducts research on Black entrepreneurship in Canada to help identify barriers to success and opportunities for growth for Black business owners and entrepreneurs. The Knowledge Hub is led by Carleton University's Sprott School of Business and the Dream Legacy Foundation.
Canadians who would like to provide feedback or find out more information about the Black Entrepreneurship Program, please contact bep-pecn@ised-isde. gc. ca .
Minister Valdez announces $189 million investment to help Black entrepreneurs start up, scale up, and build Canada’s economy Minister Ng announces the launch of the Black Entrepreneurship Loan Fund Prime Minister announces support for Black entrepreneurs and business owners Combatting systemic racism and discrimination in Canada: Canada's Anti-Racism Strategy 2024–2028 Support for Community Organizations Helping Canadians Canada's Black Justice Strategy Consultation summary report: What we heard
Based on current listing details, eligibility includes: Black entrepreneurs and business owners in Canada. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Funding amounts vary based on project scope and sponsor guidance. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
AI Compute Access Fund is sponsored by Innovation, Science and Economic Development Canada (ISED). The AI Compute Access Fund is a national initiative to help Canadian innovators and businesses (SMEs) access high-performance computing resources. It aims to accelerate the development and deployment of made-in-Canada AI solutions by offsetting the high cost of compute resources, particularly in sectors requiring significant computing capacity like life sciences, energy, and advanced manufacturing.
AI Sovereign Compute Infrastructure Program (SCIP) is sponsored by Innovation, Science and Economic Development Canada (ISED). Canada is investing in a new, state-of-the-art, Canadian-owned and located AI supercomputing system to support researchers and a cross-section of industry. This program aims to exponentially increase the compute power currently available in Canada.
The AI Sovereign Compute Infrastructure Program (AISCIP) supports the design, construction, and operation of a national public AI supercomputing system in Canada. With approximately CAD $890 million allocated over seven fiscal years starting FY2026-27, this initiative is a core pillar of Canada's broader Sovereign AI Compute Strategy. The program funds hardware installation, data centre operations, and systems administration for high-performance AI-optimized compute infrastructure with Canadian data residency requirements. Successful applicants must demonstrate rapid deployment capability, scalable design, Canadian governance with data residency control, and broader economic benefits including domestic supply chain strengthening. This is distinct from the separately-funded AI Compute Access Fund, which subsidizes researcher access to existing compute resources. An informational webinar is available for prospective applicants.
Manufacturing Grants (Jeff Lawrence Innovation Fund) is sponsored by FuzeHub (New York State). These grants, part of the Jeff Lawrence Innovation Fund, encourage collaboration between not-for-profit organizations and small to medium-sized manufacturing companies in New York State. Project categories include adoption of new technology to enhance a process and/or product, prototype development, design for manufacturing, proof-of-concept manufacturing, certain equipment purchases, and manufacturing scale-up.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.