Supporting Black Female Founders

Updated March 4, 2022

Happy Women's History Month!

Black women are one of the fastest-growing entrepreneurial groups and own over 40% of the new women-owned businesses started in the US each year. Yet, in the past decade, Black women–led businesses have captured just .06% of the total venture capital funding pie.

Black women entrepreneurs are met with the greatest barriers to accessing capital. It is our goal to generate a systemic change from within. Black women founders are the fastest growing demographic of entrepreneurs out of any throughout history. These founders are equipped to solve some of the world’s largest unmet needs, and have a legacy of reinvesting in their communities and creating intergenerational wealth. 

As a passionate, mission-driven company founded by women for women, See ROSE Go is committed to a better future, an anti-racist future without fear - where we can all support our families, thrive at work, fall in love, take care of ourselves, learn, feel, live, be happy! We want to create lasting change by doing what we do best: supporting women, and now more than ever Black Female Founders and Black women business owners. Below is an evolving list we are compiling of resources to help scale and fund Black Women owned businesses. I know there are several more, this is a compilation of resource I have found so far.  Please email me business and funding resources at info@seerosego.com to keep the list growing.

Events, Knowledge and Entrepreneur Mentorship

Small Business Association's Office of Women’s Business Ownership was created to enable and empower women entrepreneurs through advocacy, outreach, education and support. Through the management and technical assistance provided by the Women's Business Centers, entrepreneurs, especially women who are economically or socially disadvantaged, are offered comprehensive training and counseling on a vast array of topics in many languages to help them start and grow their own businesses. To find Women's Business Center locations and additional SBA resources, visit www.sba.gov/tools/local-assistance.

The Minority Business Development Agency (MBDA) developed Enterprising Women of Color (EWOC) to focus on the fast-expanding minority women entrepreneur population as a revenue generators for families, communities, and the nation. Sign up for the newsletter 

AAPI Founder Support Circle: crowdfunding platform, IFundWomen, has built a community of diverse women founders and know our AAPI community is hurting right now. Their Founder Support Circles are safe spaces in which to be vulnerable and get support from the community.

Mary Spio is an African-American female entrepreneur, she is the founder of virtual reality app CEEK, as well as a former deep space engineer for Boeing and U.S. Air Force satellite communications technician.  She shares her story and perspective on how systemic racism is perpetuated in business, and what can be done to fix it. Read more here, It Doesn't Take a Rocket Scientist to Solve the Racism Problem in Business.

Female Founder Alliance has added office hours with members of their Investors Circle and the FFA Team exclusively for Black startup founders. These office hours can be used to pitch your startup, get help with any part of what you’re working on, or to build a relationship with a new investor that can unlock mentorship and investment opportunities going forward.  FFA is mission driven to accelerate and scale female led businesses, we strongly encourage you to book as many mentoring sessions as would be helpful. 

TIE NY Angels Pitch competition, open MIC nights and mentorship: Sign up for upcoming 2022 event news near you. The TIE missions is to provide access to mentoring, networking, and funding for entrepreneurs in all stages, in all industries.

Pitch Sessions with Women 2.0
Women 2.0 runs a pitch event for a different sector every week to make intros and get checks written. If you're a FOUNDER or an interested investor, you can sign up today HERE.

Interested in being a VC for Black women? BLCK VC’s mission is to connect, engage, empower, and advance Black venture investors. Learn more here. 

500 Start Ups Fireside Chat with Founding Board Member of BLCK VC, Brian Hollins Join the conversation with BLCK VC Founding Board Member, Brian Hollins, as we dive into the future of Black entrepreneurship. Brian is currently a student at Harvard Business School, where he was selected as a Rock Social Entrepreneurship Fellow for his work as the Founder of The Takeoff Institute. He is a Founding Board Member of BLCKVC, a non-profit that focuses on building paths into venture capital for aspiring black investors. He is also the Founder of The Road Untraveled, a podcast that dives into real-time topics and trends for the tech and VC community. December 3, 2020 9AM. RSVP CLOSED

Shopify: Build Black: Today requires more diverse and developed businesses. The future depends on the world supporting these businesses. Join Shopify on September 30th at 12:00pm – 1:30pm EST for Build Black, an essential event combining some of the best in business with aspiring entrepreneurs, for an important conversation about the future of Black business and your place in it. RVSP CLOSED

Join IFundWomen of Color Creator & GM, Olivia Owens, Yie Foong, LCSW and psychotherapist, and Anna Marie Cruz, Founder of Entrepinayship, as they hold space for AAPI entrepreneurs & their allies. March 25, 2021 5:30 PM EST RSVP CLOSED

Unapologetic Retreat
A retreat aiming to make more space for Black femxle creatives and entrepreneurs to show up as their full self in business and in life. A space to grow into the next big thing, unapologetically. August 7  Register HERE. CLOSED

Funding, Grants, Venture Capital

Caress X IFundWomen of Color Dreams to Reality Fund Program 2022: Caress wants to provide diverse founders with the education, tools, and resources to take your dreams to the next level. 30 women of color founders who qualify will be enrolled in an exclusive 12-week crowdfunding accelerator program to set them up for a successful fundraise on IFundWomen. Each recipient will also receive a $5,000 grant, plus one-year annual coaching membership to help grow their business and reach their funding goalsApplications for the Spring cohort are open now through March 4, 2022. Apply Here

$10K Sage grants: HR, accounting and payroll company Sage has partnered with the professional and entrepreneurial women called of The BOSS Network to empower Black women entrepreneurs with the launch of the Sage Invest in Progress grant to support black women entrepreneurs in their first five years of business.

The goal is to help remove barriers to capital that many entrepreneurs – especially women entrepreneurs in the black community – disproportionally face when starting a business. The Sage Invest in Progress Grant will award $10,000 in funding to 25 Black women entrepreneurs to help them successfully grow their business.

The Sage program will also include a 12-month course of entrepreneurial mentorship and education, helping grant awardees with coaching, connections, and removing capital barriers to address the disparity gap so that they can have the confidence to reach their full potential.
Applications open today through Feb. 25, 2022. Apply Now

KiwiTech Pitch Event - KiwiTech believes that real innovation is always inclusive. They launched Minority Founder Demo Days to help facilitate funding for minority entrepreneurs and encourage an inclusive mindset in startups and partners, with the hopes of creating a ripple effect of awareness around the success of minority and women-led businesses. Join KiwiTech and their network of entrepreneurs, angel investors and VCs for their next Minority Founder Demo Day. Minority Founder’s Day, February 3, 2:00 PM - 3:00 PM EST.  Pitch, raise and network with entrepreneurs, angel investors and VCs. Apply to pitch before Jan 31. This event is free. Apply Now CLOSED

The Arch Grants 2022 competition:  The Arch Grants Startup Competition awards innovative, scalable, and job-creating startups with $75,000 non-dilutive grants (plus an additional $25,000 for companies relocating to St. Louis) and access to an ecosystem of resources in exchange for headquartering their business in St. Louis for at least one year. Competition applications are evaluated by over 400 investors and industry experts from the St. Louis community and around the country. Apply Today

SoGal Black Founder Start-Up Grant SoGal Foundation has teamed up with Winky Lux, bluemercury and twelvenyc to provide at least (3) $10K and (5) $5K cash grants to Black women and Black nonbinary entrepreneurs. Awardees will also receive tactical help navigating the fundraising environment at large so that they will have a more equitable opportunity at scaling their business. Apply Here

CALIFORNIA residence: search the California Grants Portal for opportunities.  Search Here 

MARYLAND: BGE is pledging $15 million to assist Maryland's small businesses with COVID-19 relief and recovery. Eligible businesses located in BGE's service area can apply for BGE Energizing Small Business Grants of $20,000.  First round Apply Here by March 25, 2022. Second round apply by August 26, 2022. 

Mentorship + $10K Stipend: The Black Girl Ventures Change Agent Fellowship offers Black and Brown women in Los Angeles,  New York, Chicago, Miami, Houston, and Detroit the chance to participate in a 9-month leadership development program that includes a $10K stipend. The deadline to apply is February 1. Apply Here

The Power Forward Small Business Grant program is offering $25,000 grants to empower Black-owned small businesses in New England. No deadline, always accepting applications: Apply Now

The DoorDash Restaurant Disaster Relief Fund will provide $10,000 relief grants to local restaurants across the United States affected by state- or federally-declared natural disasters. Restaurants in the Midwest that have been impacted by the recent tornadoes may be eligible. Applications for the winter funding round close on January 31, 2022 at 6 p.m. ET Apply here.

Hello Alice Covid 19 resource center:  Join a community of fellow business owners and access help to funding, e-learning guides, and mentorship.

Digital Undivided funded over 1,500 women entrepreneurs in 2020, pushing their efforts by launching the Do You Fellowship. The Do You Fellowship Program will award 10 promising Black and Latinx women innovators with a $5,000 investment in their business and access to unparalleled resources and mentorship necessary to develop their businesses. Sign up to be the first to know when applications open.

Visa has partnered with Bridge for Billions to support Black and African American women-owned small businesses with an online mentorship program. Bridge for Billions offers a structured online curriculum and an active learning pedagogy to help you structure the bases of your business, review your business model, define your financial projections, create a growth plan for your venture and much more. If you are selected for the 3-month incubation journey, you will be paired with a team of two professionals from Visa who will meet with you weekly, review materials and think through challenges with you. The output will be a business plan document that you can use to sell your story and seek support, financial or otherwise. For more detail APPLY HERE 

COVID-19 Business for all Emergency Grants Program supports a national movement to lift up 100,000 small business owners to receive funding and mentorship. By completing the application, you’re eligible to receive up to $50,000 in grant funding. APPLY HERE.

The NAACP x BACARDI are working together to provide dedicated support to black owned businesses in the beverage-alcohol service, sales and hospitality industries. This webconference will allow you to learn more about the application process.

Backing the B.A.R. is a NAACP initiative that is awarding acceleration grants, education, support and entrepreneurship solutions for Black-owned bars, restaurants, nightclubs, lounges, liquor stores and small businesses with, or in the process of applying for, a liquor license.

Thirty-five (35) businesses will receive a grant of $10,000 dollars. The ideal grant recipient is looking for support in accelerating their business for the future.

To be eligible, a business must be at least 51% black-owned with a liquor license or aspirations for a liquor license. Applications are open now through July 30, 2021. For a full list of eligibility criteria, please see the Terms and Conditions.
Applications open June 19: Apply here  CLOSED

The Shea Moisture Fund, continues its commitment to invest in the dreams of Black Women and celebrate creatives and change-makers who are creating history today. Learn more about their programs in mentorship, community, and grant. CLOSED.

Talent x Opportunity Fund created by Andreessen Horowitz. This fund is devoted to helping those who are lacking resources to be able to achieve entrepreneurial success. If your business idea has a solid model with potential and promise, but you identify as coming from an underserved community, this can help you.

Collab Capital, an investment fund leveraging financial, human, and social capital to help founders build sustainable, technology enabled businesses. They create growth opportunities for Black founders with early-stage startups by providing investment capital and connecting them to corporate and/or social influencers. Through their investment programs they guide portfolio companies to increased revenue and profitability instead of continuously raising valuations through modern venture capital funding. 

 Vinetta Project is a capital platform designed to unleash female drive. The D.C. Chapter lead, Dawn Myers, responds to organizational leaders on how to acknowledge the moment and fight systemic racism through their work. "The tech and venture industries must support Black founders ‘swiftly and without hesitation"

Black Girl Ventures is mission driven to provide Black/Brown woman-identifying founders with access to community, education, and leadership development in order to meet business milestones that lead to economic advancement through entrepreneurship.

1863 Ventures is a business development program designed to bridge the gap between entrepreneurship and equity. Our programs seek to accelerate new majority entrepreneurs from high potential to high growth. 

Backstage Capital has invested over $7M in more than 130 companies led by underrepresented founders. Less than 10% of all venture capital deals go to women, People of Color, and LGBTQ founders. Funding isn't a favor, Backstage sees this as the biggest opportunity in investment.

At Kapor Capital 60 out of 102 investments (59%) have a founder who identifies as a woman and/or an underrepresented person of color, 38% of our first-time investments have a founder who identifies as a woman and 34% of first-time investments have a founder of a racially underrepresented background.

Harlem Capital Partners is a New York City-based fund that has a goal to invest in 1,000 early-stage diverse founders over the next 20 years. 

The Helm is an ecomm-meets-vc lifestyle brand and has invested close to $1.5 million in 11 of the most promising female CEOs in the country. They make a point of investing in companies in industries that are outside of the traditional areas where women get funding. 

WOCStars is an early stage investment fund focused on inclusive teams and women of color. 

Quake Capital Accelerator is an amazing program focused on founders, heart and perseverance. We have personal experience working with the team at Quake and highly recommend applying to their program.

IFundWomen is a startup funding platform providing access to capital through crowdfunding and grants. Jane Walker has teamed up with IFundWomen, together with a network of powerful icons, to support 15 groundbreaking women-owned businesses across Entertainment & Film, Music, Sports, Journalism and Hospitality on their journey towards a monumental first. Each recipient will receive a $10K grant plus a one-year IFundWomen Annual Coaching Membership. Applications are being accepted on a rolling basis. APPLY HERE 

P&G Ventures, is in search of ten (10) breakthrough, fast-moving consumable products/technologies that create meaningful differences in consumers’ lives. The ten selected founders will have the opportunity to participate in a virtual pitch day, and one grand prize winner will receive a $10,000 grant plus a chance to partner with P&G Ventures. APPLY NOW. CLOSED

The Financial Gym Grant, The Financial Gym is focused on providing grants to Black women-owned businesses, and will be awarding five (5) companies a $2K grant + six months of financial training to qualified applicants in order to fuel their businesses.  APPLY HERE BY JUNE 29, 2020 11:59 ET CLOSED

Created to help bridge the funding gap for founders, the Stacy’s Rise Project has been connecting and empowering business owners for years. But Stacy’s Pita Chips wasn’t always a household name. Mentorship and monetary support helped this brand rise from a humble sandwich cart to the nation’s supermarkets. And it’s these same resources that today’s small business owners need to succeed – now, more than ever. So that’s exactly what Stacy’s is offering to 10 entrepreneurs in their journey to make their dreams a reality with the latest iteration of the Rise Project. APPLY HERE.  CLOSED

 

Leave a comment

All comments are moderated before being published