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Black Opportunity Fund |Grant for Black Entrepreneurs

Black Opportunity Fund | Black Restaurant Entrepreneurs

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Black Opportunity Fund has launched a grant for Black Restaurant Entrepreneurs.

With their ongoing commitment to helping level the playing field for Black entrepreneurs, DoorDash is partnering with Black Opportunity Fund to provide #BlackFoodEnergy grants of $10,000 to Canadian Black-Owned Restaurants that are focused on innovation within the food industry.

Black Opportunity Fund partners strategically with community organizations, businesses, philanthropic organizations, and government to provide Black-led community organizations and Black-led businesses with the capital and other resources they need to build capacity and to fulfill their mandates.

#BlackFoodEnergy is an extension of the DoorDash Entrepreneurship & Access Program, which offers additional support for restaurants on the DoorDash platform owned by women and people of colour.

#BlackFoodEnergy specifically celebrates, amplifies and supports Black Chefs and Black-Owned restaurants and the amazing things they are serving up in neighbourhoods across Canada.

In conjunction with our grant announcement, we are looking for additional volunteers to join our regional Grant Adjudication teams.    

 

More information

Applications accepted: September 29, 2022 (12:00 am) EDT

Application closes: October 28, 2022 (11:59 pm) EDT

Decisions announced: January 20, 2023

Award amounts: 13 Restaurants will each receive a $10,000 grant

 

The focus area for this Grants Program will be Black-Owned Restaurants across Canada.

Connection to grant objectives/criteria

Below are some examples of proposed project activities for the Restaurant businesses:

  • Technology Improvement
  • Upgrading Restaurant Interior
  • Upgrading Equipment
  • Market Expansion & Branding

 

The focus area for this Grants Program will be Black-Owned Restaurants across Canada.

Connection to grant objectives/criteria

Below are some examples of proposed project activities for the Restaurant businesses:

  • Technology Improvement
  • Upgrading Restaurant Interior
  • Upgrading Equipment
  • Market Expansion & Branding

Eligibility criteria 

  • Be a majority Black-Owned restaurant;
  • Must have a valid CRA business number and be incorporated and in good standing under a relevant federal or provincial corporate statute;
  • Must not have been declared bankrupt or subject to a consumer proposal plan;
  • Must have 1-3 physical locations, open for at least 6 months continuously;
  • Must have 50 or fewer employees per location;
  • Must have a web presence (social media acceptable)
  • Must be able to demonstrate how they help to support their local neighbourhood/community
  • Must articulate what #Black Food Energy means to them;
  • Must articulate the Restaurant innovation
  • Must be able to provide a project budget for the initiative for which funding is being sought;
  • Must have a dedicated business account;

*Black Ownership:

At least three-quarters of executives (e.g., board, management, management team) must identify as Black.

Please direct program-related questions to: grants@blackopportunityfund.org

 

 

 

Read more here:

Distribution for Ladies Corner Magazine ~ High Foot Locations in Alberta

 

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