This Post Was Syndicated Under License Via QuoteMedia
/* Style Definitions */
span.prnews_span
{
font-size:8pt;
font-family:”Arial”;
color:black;
}
a.prnews_a
{
color:blue;
}
li.prnews_li
{
font-size:8pt;
font-family:”Arial”;
color:black;
}
p.prnews_p
{
font-size:0.62em;
font-family:”Arial”;
color:black;
margin:0in;
}
.prngen2{
BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em
}
.prntac{
TEXT-ALIGN: CENTER
}
.prnsbt0{
BORDER-TOP:0pt
}
.prnbcc{
BORDER-COLLAPSE: COLLAPSE
}
.prnsbl0{
BORDER-LEFT:0pt
}
.prnsbb0{
BORDER-BOTTOM:0pt
}
.prnsbr0{
BORDER-RIGHT:0pt
}
Canada NewsWire
In partnership with IFundWomen, Visa will provide ten women entrepreneurs with funding through grants, along with resources and mentorship to grow and expand their business
TORONTO
,
Feb. 23
2021 /CNW/ – In advance of International Women’s Day, Visa Canada announced today the extension of Visa’s global grant program bolstering the company’s support of small businesses in
Canada
. In partnership with IFundWomen, ten women entrepreneurs in
Canada
will have the opportunity to apply for grants of
$10,000
CAD each and receive one-year mentorship to support growing and expanding their business. Starting today until
March 12
, IFundWomen will be seeking applications from Canadian women entrepreneurs across all sectors.
Small businesses in
Canada
continue to struggle during the pandemic. The Visa
Back to Business Study
revealed that Canadian small businesses are the least likely among all markets to say that their business is fully operational or will be in the next six months (62%, compared to the global average of 78%)
i
.
While there are signs of recovery, women-owned businesses in
Canada
are taking nearly twice as long to recover from the financial setbacks brought on by COVID-19 compared to businesses owned by men
ii
. According to a recent Visa survey, 48 per cent of women small business owners indicated a grant would be helpful for near-term survival or growth. Furthermore, a
$10,000
grant would cover at least half of the financing needs for over 60 per cent of these women-owned small businesses
iii
.
“Starting, owning or growing a business is an incredible journey but not always an easy one, especially during a pandemic,” said
Stacey Madge
, president and country manager, Visa Canada. “The reality is, COVID-19 has had a disproportionate impact on women business owners. Together with IFundWomen, we are excited to provide a much-needed grant to help empower women entrepreneurs to tackle the unique challenges they face while better positioning them to lead our collective recovery, and we remain committed to championing
Canada’s
small business community.”
“At IFundWomen, our number one goal is to see women entrepreneurs worldwide get funded. We’re so proud to be partnered with Visa to support these innovative entrepreneurs in
Canada
,” said
Karen Cahn
, Founder & CEO at IFundWomen. “We couldn’t think of a better partner with which to do our first Canadian grant program.”
To learn more and participate in the Visa IFundWomen grant program, applicants are asked to submit details about their business and online presence, along with a short video about their business to
ifundwomen.com/visa-canada
. Ten winners will be selected from the shortlist and receive grants of
$10,000
each and coaching for a year from leaders within the Visa and IFundWomen network.
Visa has
committed
to supporting 50 million small businesses globally to power recovery and enable them digitally. Now with the announcement of this grant program, Visa Canada furthers its commitment to support small businesses, particularly those led by women entrepreneurs across
Canada
. The company’s more recent efforts include the launch of its
#MySmallBizReco campaign
with the introduction of a new
Visa Canada Small Business Hub
which has new programs and solutions to enable SMBs to drive efficiency and sales through acceptance of digital payments and expanding businesses online.
About Visa
Visa Inc. (NYSE: V) is a world leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. Our relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit
visa.ca
,
visa.com/blog
and
@VisaCA
.
|
|
|
|
SOURCE Visa Canada
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/February2021/23/c1585.html
