Canada announces $20M fund for women entrepreneurs

27th October, 2018 – New federal program will provide up to $100,000 for female business owners to grow their operations.
Women entrepreneurs in Canada will now have access to $20-million in federal cash, thanks to a new fund announced by the government late last week.

The Women Entrepreneurship Fund, part of the Women Entrepreneurship Strategy announced with the 2018 budget, is intended to help female business owners of small- and medium-sized businesses grow their companies and increase access to international markets.

The $20-million Women Entrepreneurship Fund is one way to help solve those inequalities, she said.

The fund will be available on an application basis for the next two years. Each applicant will be able to request up to $100,000 in non-repayable contribution funding.

Applications by diverse women (including Indigenous women, women with disabilities, recent immigrants, visible minorities and women in rural or remote regions), businesses that deal with Canada’s key economic strategy sectors (advanced manufacturing, agri-food, clean technology, digital industries, health/bio-sciences and resources of the future), or businesses looking to pursue international markets will be given priority.

More…https://www.surreynowleader.com/news/canada-announces-20m-fund-for-women-entrepreneurs/

Written by Surry Now Leader