Humber College will receive $750,000 from BMO Financial Group (BMO) to support the next generation of Canadian entrepreneurs, and to help foster a future business community that is more diverse and inclusive.
As part of the contribution, the bank will support the BMO Launch Me Competition, which provides students with the opportunity to develop and pitch business ideas and receive critical resources to support their start-up. Taking place annually, BMO’s funding will also grow the competition adding three new pitch streams:
BMO Women Innovators Competition Encouraging women students and alumni to develop and strengthen their entrepreneurial skills for greater participation in the traditionally male-dominated entrepreneurial landscape.
BMO Groundbreaker Competition Supporting students from across the college new to the world of entrepreneurship and those aspiring to become future business leaders to build a community of innovators and problem-solvers.
BMO New Graduate Start-up Competition Championing new and recent graduates as they work to propel their business idea into a viable start-up.
BMO's donation will also establish the BMO Entrepreneurship Scholarships encouraging and supporting students across the college who exemplify the entrepreneurial spirit.
"On National Entrepreneurs Day, I am grateful for the confidence shown in us from BMO to prepare students for the world of work and those who aspire to be entrepreneurs, innovators and business leaders of the future," said Alvina Cassiani, senior dean, Longo Faculty of Business, Humber College. "This also demonstrates BMO’s commitment to a more inclusive society and aligns with Humber’s goals to help remove systemic barriers that women, racialized groups and students with disabilities have historically experienced in advancing their business ideas and careers."