CBC News | | Jun 8, 2023

Image: Unsplash/Tim Bieler
The Canadian government has pledged $25M to launch the nation’s first-ever LGBTQ entrepreneurship program, deemed a “game-changer” by proponents. This initiative, the first of its kind globally, is aimed at fostering a more inclusive economy and society.
- Administered by the CGLCC, the program will include a business scale-up program, an ecosystem fund, and a knowledge hub. These components are designed to address the unique challenges faced by LGBTQ entrepreneurs, such as discrimination and difficulty in accessing funding.
- The federal Economic Development Department reports that there are over 100,000 LGBTQ-owned businesses in Canada, contributing significantly to the economy but still facing unique barriers.
See: The Rise of Impact Investing in Tech Startups: Aligning Profit with Purpose
- The program has been applauded by LGBTQ entrepreneurs, who anticipate it will provide much-needed resources, networks, and mentorship for greater inclusion and success in the economy. Verification of LGBTQ status for the program will be managed by the CGLCC, reinforcing the community-driven nature of this initiative.
Darrell Schuurman, co-founder and CEO of the CGLCC:
“All entrepreneurs have had their share of struggles but this program recognizes that there are additional unique challenges and barriers faced by diverse-owned businesses and 2SLGBTQI+ entrepreneurs. Some businesses have actually lost contracts because of their ownership. People are sometimes hiding who they are and not fully bringing their true selves to their business and it has a negative impact on the growth of their business and, ultimately, on the economy.”
Keywords: Canada, LGBTQ entrepreneurship program, $25M, inclusion, economy, society, CGLCC, business scale-up, ecosystem fund, knowledge hub, LGBTQ-owned businesses, discrimination, funding, resources, networks, mentorship, verification.
Continue to the full article –> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada’s Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
Related Posts
- SEO Powered Content & PR Distribution. Get Amplified Today.
- EVM Finance. Unified Interface for Decentralized Finance. Access Here.
- Quantum Media Group. IR/PR Amplified. Access Here.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Source: https://ncfacanada.org/boosting-inclusion-canadas-groundbreaking-25m-lgbtq-entrepreneurship-program/
- :has
- :is
- :not
- 000
- 2018
- 300
- 32
- 8
- a
- access
- actually
- Additional
- address
- affiliates
- aimed
- All
- alternative
- alternative finance
- an
- and
- anticipate
- ARE
- article
- AS
- Assets
- Association
- At
- barriers
- BE
- because
- become
- been
- blockchain
- boosting
- Bringing
- business
- businesses
- but
- by
- cache
- Canada
- Canadian
- capital
- ceo
- challenges
- closely
- Co-founder
- community
- Community Driven
- components
- contracts
- contributing
- create
- Crowdfunding
- cryptocurrency
- decentralized
- deemed
- Department
- designed
- Development
- Difficulty
- digital
- Digital Assets
- Discrimination
- distributed
- Diversity
- Economic
- Economic Development
- economy
- ecosystem
- Education
- engaged
- entrepreneurs
- entrepreneurship
- Ether (ETH)
- faced
- facing
- Federal
- finance
- financial
- financial innovation
- fintech
- First
- first-ever
- For
- fostering
- from
- full
- fully
- fund
- funding
- funding opportunities
- game-changer
- gap
- get
- Global
- Globally
- Government
- greater
- groundbreaking
- Growth
- had
- Have
- helps
- http
- HTTPS
- Hub
- Impact
- Impact Investing
- improving
- in
- include
- inclusion
- Inclusive
- industry
- information
- Initiative
- Innovation
- innovative
- Insurtech
- Intelligence
- investing
- investment
- IT
- ITS
- Jan
- jpg
- Kind
- knowledge
- launch
- LGBTQ
- lost
- managed
- Market
- max-width
- member
- Members
- Mentorship
- more
- much-needed
- nation
- National
- Nature
- negative
- networking
- networks
- of
- on
- opportunities
- or
- over
- ownership
- partners
- payments
- peer to peer
- People
- perks
- plato
- Plato Data Intelligence
- PlatoData
- please
- pride
- Profit
- Program
- Progress
- projects
- provides
- purpose
- real
- recognizes
- Regtech
- report
- Reports
- Resources
- Rise
- s
- scale-up
- Sectors
- Services
- Share
- significantly
- Society
- some
- stakeholders
- Startups
- Status
- Stewardship
- Still
- Story
- Struggles
- success
- such
- tech
- tech startups
- that
- The
- their
- There.
- These
- they
- this
- thousands
- threatens
- Tim
- to
- today
- Tokens
- true
- Ultimately
- unique
- Unsplash
- Verification
- vibrant
- Visit
- WHO
- will
- with
- works
- zephyrnet