Events
Young Black People Masterclass
Join us to network, learn, and empower yourself at the Black Youth Entrepreneurs Training. October 23, 2023; 11:30am-1:00pm MT University of Alberta
Event
About the event
a program designed to support young Black entrepreneurs in overcoming systemic barriers to their business success. This program aims to equip participants with the skills needed to navigate the world of entrepreneurship, strengthen their leadership, and provide them with practical tools to succeed in their career paths. The program will be structured around various interactive sessions, offering a mix of lectures, practical workshops, case studies, and mentoring sessions.
1. Program Objectives
- Developing Entrepreneurial Skills for Black Youth:Provide comprehensive training in business management, from strategic planning to financial and marketing management.
- Building Leadership and Self-Confidence:Helping young people overcome personal and social obstacles, build mental resilience, and develop leadership qualities.
- Promoting Empowerment: Encourage young people to become their own bosses, seize business opportunities and become agents of change in their communities.
- Fostering innovation and creativity: Encourage young people to innovate and create solutions to current challenges, whether social, economic or technological.
- Create networks and mentoring opportunities: Facilitate access to networks of entrepreneurs and influential mentors, so that participants can benefit from advice, experience and opportunities for collaboration.
2. Expected results
• Improved skills:A measurable increase in youth skills in business management, digital marketing, finance, and leadership.
• Business creation:A number of businesses created by participants after completing the training, measured within 6 to 12 months following the program.
• Entrepreneurial network strengthening:The number of connections made between participants and entrepreneurial mentors, investors, or business partners.
• Community impact:The number of youth impacted by the projects undertaken, creating jobs or bringing innovative solutions to their local communities.
3. Statistics to be included in the application
- To support your application and demonstrate the potential impact of the program, here are some relevant statistics to include:
- Racial Disparity in Entrepreneurship
- According to Statistics Canada, businesses owned by Black Canadians often have lower success rates and less access to financing than their non-racialized counterparts. In 2017, 8.7% of Black Canadians were entrepreneurs, compared to 12.7% of the general population.
- Systemic barriers
- A 2020 study by the Canadian Federation of Independent Business found that Black and Indigenous entrepreneurs are less likely to receive business loans due to racial bias and discrimination in financial systems.
- Mentoring and support needs
- A 2019 Canada Foundation survey showed that 64% of young Black entrepreneurs indicated that mentorship was one of the most important keys to their entrepreneurial success.
- Impact of entrepreneurship on communities
- According to a 2021 University of Calgary report, every business created in a marginalized community contributes to reducing economic inequality and increasing diversity in the business community.
4. Conclusion
- This program, by supporting Black youth to overcome systemic barriers and equipping them with the tools to succeed in business, will not only create successful entrepreneurs, but also community leaders who can positively transform their environment. By investing in this initiative, we are helping to build a more inclusive economy and enrich the social fabric of our communities.
Business Education
Grow your business more effectively and efficiently by generating huge profits.
September 22, 2023; 1:30-3:00 PM (MT)
@ University of Alberta
