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Mentorship contributes significantly to a company’s success. Learn more about mentors for startups, plus how to build a startup mentorship program.

Accelerators can help new businesses network, secure funding, and more. Discover the top startup accelerators and find the right one for your startup.

On a recent visit to Ghana, University of Toronto Scarborough alumnus Efosa Obano met with a small group of young African entrepreneurs – a meeting he later described as a highlight of his trip. The entrepreneurs – three Ashesi University students representing three separate startups – are all connected to Obano through the African Impact Challenge, a pitch and incubation program he helped launch with fellow African U of T students in 2020.

With venture capital funding plunging and Black founders historically facing greater challenges than others raising money, tech incubator programs in Canada are trying to help Black owned startups succeed. The objective of incubators like the Black Innovation Programs at Toronto Metropolitan University’s DMZ is to help Black-owned tech companies hone their ideas, find mentors, and connect with investors.

Leaders in the startup community remain optimistic about the strength of their industry and the role the Bay Area plays in driving innovation weeks after the collapse of Silicon Valley Bank.