Nigerian-born Ecosystem builders to get $2.8m from Canada govt

Nigerian-born Ecosystem builders to get 2.8m from Canada govt

The Canadian Imperial Advantage team at the virtual announcement of Government of Canada’s $2.8 million federal funding for the Black Entrepreneurship Program’s National Ecosystem Fund recently

Canadian Imperial Advantage (CIA) owned by Nigerian-born executives is set to receive $2.8 million in funding from the Canadian government.

The funding will come from the Black Entrepreneurship Programme’s National Ecosystem Fund which supports up to 300 businesses and provides training for 100 Black entrepreneurs.

A statement from Canadian Imperial Advantage (CIA) said the Canadian government expects them to use the $2.8 million “to establish and deliver the Black Business Advancement Programme which will support entrepreneurship and meet the needs of Black entrepreneurs and business owners in central and northern Alberta”.

The Black Business Advancement Project (BBAP) will provide expertise and knowledge to Black business owners including newcomers, to help them find and create business opportunities, access financing, and strengthen their businesses.

With this funding, the statement noted that “the Government of Canada is continuing to strengthen the National entrepreneurship ecosystem for Canada’s Black entrepreneurs and business owners”.

Canada’s Minister of Northern Affairs Daniel Vandal, met with two Black-led organizations to hear from them about their vision to support entrepreneurship and meet the needs of Black business owners across Western Canada.

After the meeting, he announced a federal investment of $5.4 million to help them turn their vision into a reality.

Popoola Akande, the President of Canadian Imperial Advantage in his remarks said “access to capital is a key factor for most businesses, especially SMEs, so we have made it our core offering to support the business network with credit advisory services.”

According to Popoola Akande, “there are opportunities out there, change the way you think about business, think big and let’s do it!”



Please enter your comment!
Please enter your name here