Entrepreneur Grants: $10K for Indigenous and Racialized Founders

RAISE Grant Ontario Opens Applications for $10,000 Business Funding.The Ontario government is now accepting applications for its RAISE grant program. This initiative provides crucial support to Indigenous, Black, and other racialized entrepreneurs. The deadline for submissions is October 1, 2025.The program offers a significant financial boost alongside training and coaching. It is designed to help small businesses scale their operations and achieve long-term success.

Eligibility and Program Benefits for Ontario Entrepreneurs

To qualify, a business must be registered with the Canada Revenue Agency. It must also operate in Ontario and employ between one and five people.Annual gross revenue cannot exceed $750,000. The business owner must self-identify as Indigenous, Black, or another racialized person.According to official program guidelines, successful applicants receive comprehensive support. This includes tailored business coaching and valuable networking opportunities.The cornerstone of the program is a one-time $10,000 grant. This funding must be used for eligible expenses outlined in a business action plan.

A Strategic Investment in Economic Inclusion

The RAISE grant aims to level the playing field for underrepresented business owners. It addresses systemic barriers that often limit access to capital and resources.This investment strengthens local economies and fosters diverse community growth. It empowers entrepreneurs to expand their operations and create new jobs.The program reflects a broader commitment to equity and inclusion in Ontario. It provides a direct pathway for skilled entrepreneurs to achieve their business goals.

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The RAISE Grant Ontario program is a vital resource for eligible business owners. Applicants are encouraged to submit their forms well before the October deadline. This opportunity can provide the necessary capital to fuel significant growth.

Info at your fingertips

Who is eligible for the RAISE grant?

The grant is for Indigenous, Black, and racialized entrepreneurs in Ontario. Their business must be registered with the CRA and employ 1-5 people. Annual revenue must be under $750,000.

What can the $10,000 grant be used for?

The funding must be used for eligible business development expenses. These are detailed in a required Business Action Plan. Participants must report back on how the funds were spent.

Is there a cost to apply for the RAISE grant?

No, there is no fee to apply for this government program. The application process is free for all eligible Ontario entrepreneurs. The grant itself is non-repayable.

When is the application deadline?

All applications must be submitted by 5:00 p.m. EST on October 1, 2025. The program operates on a first-come, first-served basis. Early application is strongly advised.

What businesses are not eligible?

Franchises, non-profits, and idea-stage businesses cannot apply. Businesses involved in tobacco, firearms, or cryptocurrency are also ineligible. The full list of exclusions is detailed in the official guidelines.