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Black Women Talk Tech: Carving Our Path To Entrepreneurial Success
" Despite representing just 3% of the tech workforce and receiving only 0.1% of venture capital funding, Black women are rapidly emerging as leading entrepreneurs.
According to a 2021 report, there is no comparable Statistics Canada data on Black women entrepreneurs in Canada and limited information on their profiles. The study says the existing research “highlights the barriers that Black women entrepreneurs experience while operating and growing their businesses, namely: access to financing, cost of borrowing, and access to equity or capital.”
According to The Business Development Bank of Canada, access to capital is the greatest hurdle for Black entrepreneurs with 82% self-financing their business from personal savings, and with 44% of Black entrepreneurs not being able to pay themselves from their business. "
"Despite legal setbacks and systemic barriers, Black women are proving that they can and will overcome. With the ongoing efforts of Esosa and Regina through BWTT, the community of Black female entrepreneurs is not only surviving but thriving. As they prepare to take their mission to Toronto, the impact of their work will continue to grow, helping more Black women break through barriers and build successful tech ventures. "
