Five newcomers to Canada pitched business ideas to investors on Monday as part of a new mentorship program designed to help startups founded by refugees. The educational program, which connects refugees to investors, is called REinvest and the pitch event was held in downtown Toronto on World Refugee Day. Angel Investors Ontario, an organization of "angel investors" who provide capital and mentorship to startups across Ontario, and Jumpstart Refugee Talent, a refugee-led non-profit organization, created the program to support refugees who start businesses. "REinvest, a partnership between Angel Investors Ontario and Jumpstart Refugee Talent, will support refugee entrepreneurs in addressing these barriers." As for angel investors, the organizations say: "Angel investors are typically formally educated, high net worth individuals, who invest personal funds at arm's length in businesses owned and operated by unrelated individuals.

Source: CBC News June 21, 2022 19:38 UTC