Black & Brown Founders is ready to be your first investor!
We want to help ‘campers get started and turning their ideas into reality AND become financially successful. This desire is what drives the teaching and coaching offered in our ‘camp that helps get participants to those first dollars. Still, a boost is always helpful and that’s why we’re excited to offer the Germinate Fund.
Check out the announcement by BBF Executive Director, Deldelp Medina:
Thanks to the folks at Inclusive Capital Collective (ICC) we have the opportunity to give participants in our Bootstrapping Bootcamp their first check via the Germinate Fund. Founders are eligible to receive between $2,500 and $5,000 to take their business to the next level.
Interested in submitting an application or donating to the fund?
Check out the FAQ’s to learn about the next best steps.
FAQ’S:
How much are you investing?
We are investing between $2,500 and $5,000 in non-dilutive funding, which means we are not asking founders to sell a part of their company.
Who qualifies?
All Bootstrapping Bootcamp participants who have completed week 8 and have submitted an application
How can I become eligible for the fund?
If you are not already enrolled in our Bootstrapping Bootcamp, do so here. Once enrolled, or if you are already enrolled, you need to have at least completed module 8 of the ‘camp with all the corresponding exercises. We will track your progress as you advance in the lessons on the platform. Once we see that you have completed the necessary modules and exercises, an invite to apply will be sent to you.
How can I support the Germinate Fund?
We appreciate your interest in helping Black and Latinx entrepreneurs become financially successful. If you would like to support the work of Black & Brown Founders and enable us to get more checks in the hands of our Bootstrapping Bootcamp participants, please send an email to Hello@bbfounders.co with the subject: “Germinate Fund Donation.” You can also donate by visiting: blackandbrownfounders.com/donate
About Inclusive Capital Collective
In June 2021, the Inclusive Captial Collective (ICC) awarded a total of $250,000 to six BIPOC-Led and one Ally-in-Action member organizations through a piloted regranting facility. This grant opportunity was a privilege of membership in the Zebras Unite Cooperative, which is incubating the ICC as a future stand-alone, co-operative-owned entity. There were no restrictions to this grant, however, the grant is to help advance the purpose of the Inclusive Capital Collective: to overcome systemic racism through equitable access to capital.
The Inclusive Capital Collective is a growing network of community fund managers and entrepreneur support organizations who have been designing and developing shared technical and financial infrastructure for aggregating and deploying financial capital and other resources to entrepreneurs and communities of color in the US. The ICC achieves this purpose by aiding and amplifying capital innovators and service providers who are building wealth in their communities using debt, equity and real estate instruments, and by connecting them in a jointly owned and governed network. With the ICC, capital innovators and service providers centering on communities of color have created a novel kind of intermediary infrastructure to help each other accelerate the learning curve required to design and redesign for a more equitable future; mobilize capital; and grow their businesses.