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This Holiday Season, Support BIPOC Women in the Fashion Zone.

BIPOC women are critically underrepresented and underfunded in business.
By: The Fashion Zone
December 11, 2020

The Problem

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Building a successful fashion, design or technology company is challenging for any entrepreneur. But BIPOC women face distinct barriers that can prevent them from realizing their entrepreneurship dreams. One of the most significant obstacles for BIPOC female-led ventures is the lack of early-stage funding – an issue only amplified by the pandemic.

The Fashion Zone at Ryerson provides the resources these entrepreneurs need on their road to success – including training, mentorship, and access to space and equipment. But without access to funding, these entrepreneurs are not able to make the next step investments in inventory, marketing and staff.

Our Solution

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The BIPOC Women in Fashion Prize will provide crucial funding and incubator resources to support the growth and success of high potential BIPOC founders – when they need it most. The Fashion Zone will match your generosity by providing one fee-free year of incubation and business support to take these entrepreneurs to the next level.

How Donors Can Help

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Please help us reach our goal – to offer one prize of $ 2,500 each year to a promising BIPOC entrepreneur or team. Your gift will directly support the growth of a successful, sustainable business. Your tax-deductible donation to the BIPOC Women in Fashion Prize at the Fashion Zone will champion diversity and support new talent in the entrepreneurship community. Please join us.

Why it Matters

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We have recognized a gap in available funding for BIPOC female-led ventures. We can provide resources, but without funding, they can’t invest in inventory, marketing, and staff. The BIPOC Women in Fashion Award acts as a bridge to carry BIPOC founders from bootstrapping to their first application for working capital from Banks, Futurpreneur, and BDC.

How To Donate

1. Click the link above or visit bit.ly/bipocwomen-donate

2. Specify donation amount for your contribution.

3. Input Donor Information and Contact Information.

4. Select Fashion Zone as payment "Designation."

5. Input payment details.

6. Click "Next" button.

Statistics to Consider

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29.5%

 

of self-employed Black entrepreneurs are women.

85%

 

of Black-owned businesses can survive less than one month.

40%

 

of self-employed Indigenous entrepreneurs are women.

80%

 

of Black entrepreneurs do not think they qualify for the Canada Emergency Business Account.

78.4%

 

of self-employed women have no paid help, versus 67.5% for men.