T H E I N V E S TME N T E N V I RONME N T Pa t hways t o Equ i t y
153
neurs by providing them with crucial resources to grow their businesses in communities in southern Ontario and across Canada. Another organization leading change is Backbone Angels. This collective of angel investors comes together to invest in women and non-bina- ry founders with a focus on invest- ments in Black, Indigenous, and women of colour-led companies. They believe that there is space for many founders to thrive and be suc- cessful, and they know that access to the resources it takes to succeed is not equitably distributed so their mission is to help close the gaps.
owned by entrepreneurs across North America. BMIG’s fund focus- es on underrepresented founders in high-growth markets. NACO re- cently announced a new partner- ship with BMIG to create the Black Presidents Club, a first of its kind in the investment community. This group of senior business leaders will be charged with investing in, guid- ing and championing young Black entrepreneurs and creating the next generation of Black presidents, CEOs and senior leaders. Leverag- ing the networks and expertise of both organizations, the Black Pres- idents Club will work to address the inequities faced by Black entrepre-
For example, SquareCircle Ven- tures supports Black entrepreneurs by offering a carefully curated, collaborative, worldwide ecosystem of expertise, resources, technology, and infrastructure, to produce qual- ified leads, training, content, and paid pilot projects. This organization provides accredited investors with a qualified, global pipeline of profit- able seed deals, startups, and ma- ture companies to acquire. Bay Mills Investment Group (BMIG) is focused on providing growth cap- ital, network resources, and top-ti- er mentoring to support and scale emerging businesses founded and
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
Powered by FlippingBook