Find answers, ask questions, and connect with our
community around the world.

Forums Forums Business Startups Early stage grants, funds, and other resources for socially or economically disadvantaged status startups that lack access to conventional funding

  • Early stage grants, funds, and other resources for socially or economically disadvantaged status startups that lack access to conventional funding

    updated 2 years, 12 months ago 0 Member · 1 Post
  • David

    Member
    September 28, 2019 at 10:17 am

    A problem some startups face is lack of access to a ‘friends and family round’ or access to a network of investors due to being socially or economically disadvantaged. Reasons for being socially or economically disadvantaged include being a minority, being located in a rural area, being a veteran, being a woman etc. A solution I’m proposing is creating some kind of documentation (a google doc and some more discussions in this thread) that includes links to programs and resources and funding strategies. I’m hoping we can discuss funding strategies. Two things I’ve learned about so far are SBAs and this thing in MD called the Tedco Builder fund. I think it would be helpful if we discuss programs similar to it except for people in other parts of the country. https://www.tedcomd.com/gateway-services/entrepreneurial-resources/builder-fund “TEDCO has launched a next generation funding program focused on building operational excellence in startup companies. The program takes an unprecedented initiative of formally pairing seasoned executives (Operations Support) with company founders to facilitate knowledge transfer and to introduce executive experience to the best ideas at an early stage of development. The program includes education, team building, and a pre-seed investment that seeks to institutionalize the conventional friends and family round to fill a gap in access to capital commonly experienced by entrepreneurs from socially or economically disadvantaged backgrounds.” I’ll create a google doc with everything regarding this I’ve learned so far. – by hq overview 295694 – –

Viewing 1 of 1 replies
Reply to: David
Your information:

Cancel
Original Post
0 of 0 posts June 2018
Now