Tulane to launch $10 million startup fund for women- and minority-led businesses
Portfolio companies selected to participate in the program will receive consulting, mentoring, guidance and partnership opportunities from the Innovation Institute’s extensive network of resources to grow and scale in Louisiana, said Kimberly Gramm, David and Marion Mussafer Chief Innovation and Entrepreneurship Officer at Tulane.
The Tulane University Innovation Institute was awarded $5 million from the state of Louisiana as part of a newly announced statewide program to support entrepreneurs and small business owners throughout the region.
Tulane University will match the award with another $5 million, enabling the Innovation Institute to launch a new $10 million startup fund dedicated to creating opportunities for women- and minority-led ventures in Louisiana — entrepreneurs who have traditionally faced barriers accessing capital, markets and networks essential to growing their businesses.
“Inspiring and supporting innovation, new businesses and startups are critical in bringing life-changing advancements and discoveries to the world, while also transforming the economy of New Orleans and the region,” said Tulane University President Michael A. Fitts. “This program will help support the power and potential of underserved entrepreneurs, ensuring the widest participation in venture creation, economic development and sustainability.”
Tulane to launch $10 million startup fund for women- and minority-led businesses | Tulane News
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