Black Entrepreneurship Fund
Promoting autonomy and sustainability of Black people in various economic areas
![](http://novo.brazilfoundation.org/wp-content/uploads/2023/01/Copia-de-young-businesswomen-of-black-ethnicity-in-a-business-meeting-in-a-cafeteria-1.jpg)
Objective
This fund aims to overcome the legacy of racism in Brazil – that excludes over half of the population from educational and economic opportunities. We support initiatives to build a more inclusive ecosystem to enable Black entrepreneurs with to access capital, supply chains, markets, and financial autonomy.
70%
of the population below poverty line are Black
46%
of Black entrepreneurs started their own business due to necessity or unemployment
Why Black Entrepreneurship?
Brazil is home to the world’s largest Afro-descendant population outside the African continent.
While over half of the Brazilian population identifies as Black or brown, this group is extremely underrepresented in the country’s social-economic development agenda (IBGE, 2018).
Black and brown Brazilians face severe disadvantages in the job market, income distribution, living conditions, education, and political representation. Afro-descendant individuals are twice as likely to be poor as white Brazilians. Chances are even higher if you are Black and female.
![](http://novo.brazilfoundation.org/wp-content/uploads/2023/01/Copia-de-young-african-american-people-chatting-in-office-2021-09-24-03-47-57-utc-1024x683.jpg)
To provides Black entrepreneurs with tools to achieve sustainable financial autonomy
Despite Black entrepreneurs’ clear market potential, absence of seed funding and angel investment is a barrier for all entrepreneurs, disproportionately impacting women and *minorities. Such hostile business environment for Black entrepreneurs undermines national economic growth and racial and socioeconomic equity.
Supported organizations
![](https://brazilfoundation.org/wp-content/uploads/2024/01/Movimento-Black-Money.jpeg)
Movimento Black Money
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2023/06/Instituto-Feira-Preta.jpg)
Instituto Feira Preta
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2024/01/Fundo-Agbara.jpeg)
Fundo Agbara
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2024/01/Move-Cultura-MG.png)
Associação Move Cultura
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2024/01/FUNAFRO.png)
Instituto Nacional de Negócios e Afroempreendedorismo – FUNAFRO
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2023/04/BlackRocks.jpg)
Associação BlackRocks Startups
![](https://brazilfoundation.org/wp-content/uploads/2024/01/Instituto-Mae-Hilda-Jitolu_.jpg)
Instituto da Mulher Negra Mãe Hilda Jitolu
Black Entrepreneurship
![](https://brazilfoundation.org/wp-content/uploads/2024/01/Casa-Dharma.jpeg)
Associação Casa Dharma
Black Entrepreneurship
Instituto Nacional de Negócios e Afroempreendedorismo – FUNAFRO
Associação BlackRocks Startups
Instituto da Mulher Negra Mãe Hilda Jitolu
Associação Casa Dharma