Canadian Council for Indigenous Business (CCIB) launches its first grant dedicated to young Indigenous entrepreneurs, the Young Indigenous Business Grant.

The grant, presented by Loblaw Companies Limited with contributions from CIBC and Apex Distribution, is open to Indigenous entrepreneurs under the age of 35 operating their businesses in Canada. Twenty-two successful applicants will receive $2,500 each as well as a one-year CCIB membership to help expand their businesses.

“Supporting and encouraging Indigenous youth to pursue entrepreneurial ventures will benefit the entire economy. Entrepreneurs bring innovation and opportunities and create jobs. They are the key drivers for a prosperous future, sustainable growth, and a path to self-determination,” said CCIB president and CEO Tabatha Bull. “We are thankful for the support from Loblaw Companies Limited, CIBC, and Apex Distribution for their contribution towards empowering Indigenous youth.”

The 2021 Census has shown that not only is the Indigenous population the fastest growing, but also the youngest in Canada, with over 40 percent under the age of 25.

“We’re proud to support Canadian Council for Indigenous Business in this inaugural year of the Young Indigenous Business Grant, supporting the next generation of young Indigenous entrepreneurs as they embark on their business journeys. We applaud the ongoing work of the Council to advance social equity for Indigenous Peoples through economic empowerment and participation,” said Alain Brandon, VP of Sustainability, Social Impact & Government Relations, Loblaw Companies Limited.

Applications are now open and can be submitted until July 25, 2024. For more information, visit www.ccib.ca/yibg.

The Young Indigenous Business Grant is administered through CCIB’s Tools for Indigenous Business (TIB) program.