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DMZ’s Black Innovation Summit will fund The Canadian Business Journal, a Canadian black-led technology startup, with $ 50,000.

Toronto, Canada, February 25, 2022 (GLOBE NEWSWIRE) — DMZ becomes a black-led technology startup at the annual Black Innovation Summit to continue driving the growth of Canada’s comprehensive technology ecosystem 50,000 CAD Funded.

The world’s leading incubator, the DMZ, hosted the second Annual Black Innovation Summit. At this summit, eight Black-led tech startups had the opportunity to pitch to the jury for the opportunity to secure up to $ 20,000 in grants. Winners of this year’s Black Innovation Summit included the following start-ups:

1st place: Reyts Fintech Inc. Ayobami Macaulay Co-founder and Chief Operating Officer – $ 20,000

2nd: BeautyN Brushes Co-founder Ruth Kasi – $ 10,000

3rd: Be One to Give Tony Colley Founder and CEO – $ 5,000

An additional C $ 15,000 was distributed as a grant to other promising startups such as GlobalPass, CarbonGraph, Language Immersion, Round the Block and Welkom-U. The annual summit, initiated by the Mayor of Toronto, John Tory, brings together a community of black entrepreneurs across Canada to showcase black innovation and highlight the importance of helping black startup founders in the technology ecosystem. Did. Participating startups are graduates of DMZ’s Black Innovation Bootcamp program and the Black Innovation Social Impact stream from Unilever Canada. These programs provided founders with hands-on support to expand their business operations and build lucrative industry connections to take their business to the next level.

Winner Reyts Fintech Inc. is a market where individuals can exchange currencies in a seamless and secure way, making it easy for users to exchange and spend like a local. Reyts Fintech Inc. Ayobami Macaulay Co-founder and Chief Operating Officer. Their startup journey before joining the DMZ was tough, and in a blink of an eye, he explained: Immigrants. DMZ support, along with our partners, has opened the door to solving the urgent needs of the immigrant community. You can build the systems and infrastructure you need for an underserved community to help build the wealth of generations. ”

“We take great pride in providing programming and support to promote the founders who identify blacks in the technology arena. The program’s marquee event, the Black Innovation Summit, catalyzes the founders. It works. ” Janey Buzugbe, Head of Black Innovation Program and Partnership in DMZ.. “The DMZ is working to access funds, one of the biggest obstacles facing the black community, by putting capital directly into the hands of black entrepreneurs.”

“I strongly believe in the importance of supporting the black entrepreneurial community and I am honored to be part of the DMZ’s Black Innovation Summit.” Kevin Johnson, CEO of GroupM Canada and speaker at the summit.. “Careful consideration of such channels of support, investment and promotion is one of the deliberate actions needed to influence the true change in Canada.”

Tech startups that participated in the Black Innovation Summit represented a variety of areas, including food waste management, fintech, cosmetology, fraud prevention, and edtech.

Founders who identify blacks looking for practical and customized startup support to take their business to the next level can access dmz.to/BIP for more information on DMZ’s Black Innovation Program. The DMZ’s 6-week boot camp is currently accepting applications for the following cohorts. Black founders accepted into the program will receive a $ 5,000 grant upon participation in the program.

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About DMZ’s Black Innovation Program

The Black Innovation Program gives startups led by black entrepreneurs a strong support for a leading university-based incubator network, plus additional programming, mentorship, events, industry, capital, alumni networks, and their success. Supports growth.

About DMZ

The DMZ is a leading startup incubator that provides the next generation of leading technology entrepreneurs with the tools they need to build, launch and scale influential startups. The DMZ’s customized approach helps innovators reach the next milestone in their entrepreneurial journey by providing connectivity to customers, coaching, capital, and communities. Through award-winning programming, the DMZ has helped more than 670 startups raise $ 1.55 billion in funding and create more than 4,550 jobs. Headquartered in Toronto, Canada, the DMZ is widely recognized for its globally accessible programming, offices in Vietnam and India, and partnerships in North America, Latin America, Africa and Asia. It has an international presence.

  • DMZ’s Black Innovation Summit will fund Canadian Black-led tech startups for $ 50,000


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DMZ’s Black Innovation Summit will fund The Canadian Business Journal, a Canadian black-led technology startup, with $ 50,000.

Source link DMZ’s Black Innovation Summit will fund The Canadian Business Journal, a Canadian black-led technology startup, with $ 50,000.

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