FedDev Ontario invests $2 million in Foodpreneur Lab to support entrepreneurs in the food and beverage sector across southern Ontario to overcome barriers and grow their businesses
Black and equity-deserving entrepreneurs make invaluable contributions to communities across southern Ontario, and their success is essential to Canada's long‑term economic resilience. Yet many continue to face barriers when starting or growing their businesses. As the Government of Canada takes action to address rising food costs and strengthen national food security, it remains equally committed to ensuring all Canadians have the opportunities, tools, and resources they need to build successful, sustainable businesses.
In celebration of Black History Month, the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a federal investment of $2 million for Foodpreneur Lab to expand its current programming that prioritizes Black and equity-deserving entrepreneurs to overcome barriers in the food and beverage sector.
Through this investment, up to 75 food entrepreneurs will gain personalized, hands-on product development support and access to industry expertise, empowering them to scale their Canadian companies and drive innovation, growth, and diversification within southern Ontario's food and beverage sector.
Today's investment in Foodpreneur Lab aligns with the Government of Canada's broader efforts to strengthen food security and affordability as it empowers entrepreneurs to bring new, diverse products to market-strengthening both economic inclusion and the resilience of Canada's economy.
