Dallas-based Impact Ventures announced 10 businesses in its Summer 2023 Impact Growth Accelerator presented by Santander Consumer Bank, who will receive education, training, mentorship, and funding opportunities via the program.
Impact Ventures is a nonprofit 501c3 organization and startup accelerator with a mission to empower “talented, yet underestimated” women and communities of color to create generational wealth through inclusive entrepreneurship and integrated capital.
Benjamin J. Vann, Impact Ventures founder and CEO, says its team has spent the past four months revamping the accelerator.
“Utilizing survey feedback from past programs, we’ve integrated a new platform for entrepreneurs to be able to access resources, check-in with their mentors, book appointments with staff, and follow curriculum all in one place,” Vann said in a statement. “What we’ve heard from our founders is that due to barriers in accessing capital, they’re taking every opportunity they can to build connections and acquire funding.”
The introduction of Impact Ventures’ Impact Growth Accelerator now provides founders with precisely that chance, Vann said, noting the nonprofit’s mission to reduce wealth disparity in North Texas and beyond.
The 12-week program began on May 13.
Impact Ventures said the entrepreneurs must be accepted into the program through an application process that evaluates the viability and readiness of the business.
The program targets outcomes of job creation, revenue growth, and capital readiness for businesses that are tech or tech-enabled, consumer products or goods, and growth-oriented service-based, Impact Ventures said.
Participating businesses must be in business for at least two years, located in North Texas or U.S.-based, and have between $50,000 to $250,000 in revenue.
This group is Impact Ventures’ seventh cohort. In recent years, the program was held twice a year, but major updates to the program…
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