Future 100: New growth fund to support Black Entrepreneurs

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[et_pb_column type=”4_4″][et_pb_text admin_label=”Text”]A £1 million initiative from Sky and BEO (Black Equity Organisation) has been brought into action in order to help black-owned businesses thrive. The programme, which is being funded for three years, aims to reduce inequality at a time where 50% of black entrepreneurs consider racism a ‘significant barrier to their business aspirations’.

To quote, Future 100 will aim to offer:

  • Offer funding of up to £15,000 for the most innovative new business ideas and exciting existing companies.
  • Provide access for Black entrepreneurs to supply chains, connections and insights from a global business. Sky is actively diversifying its supply chains to create greater opportunities for Black businesses.
  • Offer tailored 12-week programme of workshops and insights days with Sky executives and other market-leading experts
  • Work with a network of mentors and community organisations to advise and assist new enterprises through direct financial support and products nurturing talent and innovation.
  • Support Black founders and entrepreneurs with relevant knowledge and skills, as well as opportunities to meet influential people, prospective partners and funders.
  • Generate much-needed research and data around what works in overcoming barriers faced by Black British entrepreneurs. Real examples of successes and challenges from Future 100 will be widely shared, encouraging investment by other corporates in future programmes.

The programme is open to applicants between 18 and 30 years old of Black African, Black Caribbean, Black British and/or Mixed-race descent who are UK residents.

Applications open on the 1st of July – check this link for updates and more information![/et_pb_text][/et_pb_column]