Our actions will evolve as we start to measure our results, learn, adapt and grow. Some actions will yield results quickly; others may take longer to implement or achieve desired outcomes.
In August 2020, we established a “Diversity & Inclusion Council”, led by our Head of Diversity & Inclusion. The Council’s objectives are to advocate for, advise on, implement and monitor the actions taken to achieve the vision we have for diversity & inclusion, both internally and externally. Council membership and related Diversity & Inclusion committees are open to all employees and we have formalized this work in members’ performance responsibilities and evaluation.
We will increase our focus on recruiting, developing and promoting BIPOC and LGBTQ+ candidates for leadership roles. We have already started, with three Senior Leadership Team members hired or promoted in 2020 who identify as BIPOC. We will continue to broaden our outreach in recruiting and promoting Leadership Team and Board candidates.
We will identify and implement relevant diversity & inclusion workshops and training tailored to Futurpreneur’s stakeholders. We will provide this training to all Futurpreneur staff and volunteers (mentors and Board members), incorporating it in both onboarding and ongoing professional development.
We will adjust our loan eligibility criteria and/or introduce new programs to ensure that those facing credit barriers, including some BIPOC entrepreneurs, have access to Futurpreneur start-up support, while managing the organization’s risk. We will develop and implement, or partner to provide, programming to help these young entrepreneurs learn how to manage credit pre- and post-disbursement.
Outreach & Partnerships
We will actively partner with BIPOC & LGBTQ+ community associations and organizations, adapt programs and target key events to reach and support entrepreneurs in these communities. We will make the work of BIPOC & LGBTQ+ organizations more visible within our organization, to raise awareness and create opportunities, including with suppliers and strategic partners, and initiated this work with the recent signing of a partnership agreement with CAMSC (Canadian Aboriginal & Minority Supplier Council).
We will add questions about the BIPOC and LGBTQ+ status of entrepreneurs and mentors at intake, to better understand the diversity & inclusion of our community and client base. We will establish targets and track both the number of BIPOC and LGBTQ+ entrepreneurs we support and mentors we work with.