American Express Stock – Amex Canada’s new mentorship and grant program supports BIPOC owned businesses across Canada
Entrepreneurship is vital to the success of growing Canada’s economy, but unfortunately, access to entrepreneurship is not equally available to all Canadians. S0, American Express Canada created Blueprint: Backing BIPOC Businesses™, a mentorship and grant program designed to support the advancement of BIPOC business owners across Canada.
As part of Blueprint, 100 BIPOC business owners across Canada will take part in a comprehensive mentorship program, made possible by a grant from the American Express Foundation, designed to provide the tools, resources and community to help them thrive. Additionally, American Express Canada is contributing $1,000,000 in grants that will be dispersed between the 100 mentorship program participants, with each participant receiving $10,000 to fuel the growth of their business.
Blueprint is founded on research insights about the experiences of BIPOC business owners across Canada. According to a new survey commissioned by Amex, BIPOC business owners face barriers to running their businesses at a rate higher than their white counterparts.
- 61 per cent of BIPOC business owners agree that ongoing obstacles have impeded their business’s growth.
- Three quarters (75 per cent) of BIPOC business owners say access to capital is an important resource for their business.
- Close to one half (48 per cent) of BIPOC business owners believe that their race and/or the colour of their skin has negatively impacted their opportunities as a business owner.
- Over two thirds (68 per cent) of BIPOC business owners plan to access more support for their business this year.
To help respond to this need, Blueprint offers participants a 15-week mentorship and training program delivered by seasoned mentors and subject matter experts on topics ranging from sales and marketing, to operations and leadership. Participants will take part in workshops, 1:1 coaching sessions and group learning sessions designed to help fuel business growth. On top of this, all eligible applicants will have access to Blueprint’s independent online learning platform.
Apply HERE. Applications close July 27, 2021 EDT.