Ecosystem Fund

What is the Ecosystem Fund

The goal of the Ecosystem Fund is to strengthen the entrepreneurship ecosystem for Black entrepreneurs and business owners across Canada. It allows not-for-profit Black-led organizations to develop new services or expand those they already offer such as mentorship, networking, financial planning, and business training for Black entrepreneurs.

The Ecosystem Fund is a component of the Black Entrepreneurship Program, a partnership between the Government of Canada, Black-led business organizations, post-secondary or other accredited educational institutions, the Business Development Bank of Canada. and financial institutions.

The Ecosystem Fund is an investment of $100 million, and has so far approved $92 million in funding to 38 Black-led organizations across the country.

Note: The window for submitting applications is closed and the program is no longer accepting applications.

A list of successful organizations that have received funding to date is provided below by Province.

Recipients of the BEP Ecosystem Fund

Organization Total Funding
AB
African Canadian Civic Engagement Council $ 2,333,356.00
Bipoc Foundation $ 2,600,000.00
Black Business Ventures Association $ 1,853,000.00
Black Canadian Women in Action Society $ 3,000,000.00
Canadian Imperial Advantage $ 2,800,000.00
Council for Advancement of African Canadians in Alberta $ 3,000,000.00
BC
Black Business Association of BC $ 2,751,930.00
Atlantic
Black Business Initiative $ 2,359,390.00
The Tribe Network $ 2,890,000.00
ON
Afro Caribbean Business Network Foundation $ 1,315,298.00
Africa Development Network Foundation $ 832,000.00
Aspire for Higher Elite Basketball $ 977,070.00
Black Business and Professional Association  $ 5,000,000.00
Black Creek Community Health Centre $ 2,999,431.00
Canadian Black Chamber of Commerce $ 5,000,000.00
Caribbean Canadian Association of Waterloo Region $ 2,999,687.00
CaribbeanTales $ 648,000.00
Casa Foundation for International Development $ 4,740,000.00
CONNECTURE CANADA $ 1,126,705.00
Conseil Économique et Social d'Ottawa Carleton (CÉSOC) $ 1,715,216.00
Dream Legacy Foundation $ 3,000,000.00
Foodpreneur Lab $ 2,999,657.00
La Solidarité des femmes et familles interconnectées francophones du Niagara (SOFIFRAN) $ 352,006.00
Mouvement Ontarien des Femmes Immigrantes Francophones $ 1,757,552.00
Nigerian Canadians for Cultural, Educational and Economic Progress $ 1,677,676.00
OYA Black Arts Coalition $ 3,000,000.00
Open HXOUSE Inc $ 3,000,000.00
Festival Management Committee $ 1,800,000.00
Reelworld Foundation $ 1,425,000.00
Northern Ontario
The Afro-Heritage Association of Sudbury (AHA) $ 1,150,000.00
Quebec
0rijin Village $ 2,348,190.00
Audace au Féminin $ 500,000.00
Centre d'Encadrement Pour Jeunes Femmes Immigrantes (CEJFI) $ 2,400,000.00
Côte Des Neiges Black Community Association Inc. $ 2,999,716.00
DESTA Black Youth Network $ 462,500.00
Fondation Fabienne Colas $3,000,000.00
Fonds Afro-entrepreneurs $ 2,995,600.00
Groupe 3737 $ 4,985,776.00
Réseau des Entrepreneurs et Professionnels Africains (REPAF) $ 2,618,966.00
Sommet socioéconomique des jeunes des communautés noires $ 2,300,000.00

Program Administration

The program is administered by the Regional Development Agencies (RDAs)