Canadian Black Chamber of Commerce set to bring its sixth CBCC Innovation Hub to Toronto on June 26

Canadian Black Chamber of Commerce set to bring its sixth CBCC Innovation Hub to Toronto on June 26

TORONTO, ON, June 19, 2024 – The Canadian Black Chamber of Commerce (CBCC), a national, non-profit, bilingual organization formed as a cultural chamber of commerce, announced the launch of its sixth CBCC Innovation Hub, set to debut in Toronto at the CBCC office on June 26, 2024. The announcement of their Toronto Innovation Hub builds upon the CBCC’s national effort to establish open-source, physical and virtual space across strategic Canadian cities.

Each Hub presents a generational economic opportunity for Black Canadians in business – with its incubators for capacity building and resource accessibility. By providing Black Canadian entrepreneurs with an inclusive space that attracts and uplifts the growing Black business community in Canada, the CBCC hopes to encourage more information sharing between entrepreneurs, corporations, and venture capital investors – regardless of industry or level.

“With five successful Innovation Hubs, the next step was to establish one in our Toronto base,” said Micheal Forrest, Founder at CBCC. “By establishing a new space of innovation and excellence, we are contributing to the generational pipeline we want to see move the community forward.”

“The new Toronto Innovation Hub represents the best practices of community building,” said Nikki Clarke, National Business and Membership Manager at CBCC, who will also serve as the newly appointed Toronto Innovation Hub Lead. “It allows us to create more connections and bridge gaps previously overlooked.”

Local startups, corporations, and venture capital investors, regardless of industry, can finally come together to exchange ideas and collaborate for shared success. At launch, Black Canadian entrepreneurs and business professionals will have the opportunity to explore our Toronto-based, national-focused CBCC facility, and learn about the co-working accommodations, including existing services like the Elevate Black Business Project (EBBP) and a network of diverse Business Advisors.

The CBCC is part of an ecosystem of Black-led, non-profit business organizations that offer support and financial planning services to Black Canadian entrepreneurs. In 2021, a study by the CBCC, in partnership with the Business Development Bank of Canada (BDC), highlighted access to capital, skills for advertising and promotion, as well as personal development and mentorship, as the most critical needs for Black business owners. While the Government of Canada has made commitments to Black-focused initiatives with its Black Entrepreneurship Program, and further endorsements through the United Nations (UN) International Decade for People of African Descent until 2028, the CBCC is leaning into its purpose to create “economic and trade development for the betterment of the Black diaspora and the Canadian economy.” Each Hub, including the Toronto Innovation Hub, will be the cornerstone of driving the Black business renaissance.

Be a part of how we redefine innovation for Black Canadian entrepreneurs in the Greater Toronto Area. 

For more information about the Toronto Innovation Hub and its upcoming launch:

Media contacts:
David Adade, Communications Specialist

communications@canadianblackchamber.ca

Nikki Clarke, National Business and Membership Manager

nclarke@canadianblackchamber.ca

For downloadable press material, click here.

About the Canadian Black Chamber of Commerce
The Canadian Black Chamber of Commerce (CBCC) is the national hub of the Black business ecosystem and the voice of Black businesses across Canada. As a national, non-profit, bilingual organization, working to create value, access, and opportunities representing the economic interests of all firms and founders in our growing community, we empower Black Canadian entrepreneurs to invest in themselves and their business success. The CBCC provides advocacy, business solutions, resources and information to elevate Black businesses in Canada to the global Black diaspora and the mainstream markets.

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