Visa Canada, in collaboration with IFundWomen, a market for women-owned organizations, is broadening its She’s Next Grant Program to assist Canadian females business owners grow their services.
As part of the program, the 2 business will as soon as again supply 10 women-owned Canadian small companies with grants of CA$10,000 each and service training for one year from leaders within the IFundWomen network, valued at roughly $1,800 CAD, to support organization development and growth.
Forty-eight percent of ladies small company owners showed that a grant would be useful for near-term survival or development, according to the January 2021 Visa Canada Small Company Outlook Spring study of 1,010 Canadian entrepreneur and organization decision-makers from numerous sectors The CA$10,000 grant would cover at least half of the funding requires for over 60 per cent of these companies.
In May, Visa Canada called 10 women-owned small companies amongst the receivers of its very first nationwide grant program, which it introduced in February 2021 in cooperation with IFundWomen, and the duo is set to assist 10 extra Canadian females business owners.
” We were so motivated by the submissions of the very first She’s Next Grant Program early this year, that we chose to release it once again, to continue making a significant distinction and assistance sustain the cumulative healing of the small company neighborhood,” stated Stacey Madge, president and nation supervisor, Visa Canada, in a news release.
While there are indications of healing, women-owned companies in Canada are taking almost two times as long to recuperate from the monetary problems caused by COVID-19 compared to companies owned by males, according to accounting software application company FreshBooks
” Beginning, owning or growing a company is an unbelievable journey however not constantly a simple one, particularly throughout a pandemic,” stated Madge. “The truth is, COVID-19 has actually had an out of proportion influence on females entrepreneur. Together with IFundWomen, we are thrilled to supply a much-needed grant to assist empower females business owners to deal with the distinct difficulties they deal with while much better placing them to lead our cumulative healing, and we stay dedicated to promoting Canada’s small company neighborhood.”
Applications are open to Canadian ladies business owners throughout all sectors till August 3,2021 Interested prospects can use here