RBC announces 2023 Future Launch Black Youth Scholarship recipients

TORONTO, Feb. 14, 2023

TORONTO, Feb. 14, 2023 /CNW/ - Today, RBC Foundation announced the 2023 cohort of RBC Future Launch Black Youth Scholarship recipients. This scholarship, awarded to Black students aged 15-29, provides up to $10,000 annually for up to four years, as well as access to mentorship and support services to serve the unique needs of young Black Canadians navigating their education and preparing for the future of work.

According to Statistics Canada data, 94 per cent of young Black students wanted to obtain postsecondary education, but only 60 per cent thought it was a possibility for them. The Future Launch Black Youth Scholarships,  part of RBC's Action Plan Against Systemic Racism, will provide $50 million in focused funding to create meaningful and transformative pathways to prosperity for up to 25,000 BIPOC youth by 2025, with investments in areas such as skills development and mentoring.

"There is a dire need for early and ongoing resources that are thoughtfully designed to support the unique needs of young Black scholars," said Mark Beckles, Vice-President, Social Impact & Innovation at RBC. "Our investment in Black youth through the RBC Future Launch Scholarships demonstrates our commitment to their future prosperity while recognizing the unique experiences they have and will continue to experience throughout their education journey."

The scholarship is available to Black youth (15-29) who are Canadian citizens, permanent residents or refugees entering grade 11 or 12, or who are enrolled in postsecondary education for the 2023-2024 academic year. Eligible students are nominated by one of 15 participating community partners and evaluated by a selection committee comprised of Black leaders from academic, business, and non-profit backgrounds.  Community partner organizations will also provide mentorship, academic and career planning, tutoring, internship opportunities and networking resources tailored to the needs of each recipient. 

The scholarship will support Arshi Chadha, who plans to study film at the School for the Contemporary Arts, Simon Fraser University, to pay for things that many young people take for granted, like tuition and living expenses. "A university education will connect me with other writers and filmmakers; mentorship to help me develop and navigate my career path. Through my film practice, I create a universe where Black people and communities are given agency. My goal is to make the world better through my art and that of others."

Launched in 2022, the Future Launch Black Youth scholarship was informed by an advisory committee of Black academics, business and youth-serving leaders who provided their insights and drew upon their lived experiences to build a powerful scholarship experience that goes beyond funding. It is administered by Universities Canada, a national leader in scholarship management.