Disruptors21 Feb 2020

Why Are There so Few Black Entrepreneurs in the Digital Economy?

Today on RBC Disruptors, John Stackhouse sits down with two Torontonians who are working to ensure black entrepreneurs have access to more opportunities in the city’s thriving tech sector. They discuss the challenges unique to Canadian black entrepreneurs, the barriers they face getting their ideas off the ground, and why companies that invest in diversity and inclusion tend to be more successful.

Isaac Olowolafe Jr., who heads a Toronto-based asset management firm, is the founder of Dream Maker Ventures – a venture capital fund that invests in diverse founders from marginalized communities. He’s joined by Abdullah Snobar, the Executive Director of the DMZ – a tech incubator at Ryerson University. Dream Maker Ventures and the DMZ raised $1M to launch the Black Innovation Fellowship – a program addressing the lack of diversity in the startup ecosystem.

In light of Black History Month, Isaac and Abdullah called for Canadians to consider the importance of access and championing of black innovators. Increased opportunity and visibility will be key in advancing black entrepreneurship in the digital economy.

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