SStartOut supports the growth of LGBTQ+ entrepreneurs by building an ecosystem that promotes economic empowerment and helps founders access leadership roles. It operates as a nonprofit network with 18,000+ members, connecting entrepreneurs to mentors, investors, founders, and thought leaders through events and programs. It differentiates itself by focusing on LGBTQ+ entrepreneurs, operating as a 501(c)(3) nonprofit, and using a national board of directors with entrepreneurship experience to provide targeted mentorship and investor access at scale. Its goal is to ensure equal access to leadership and economic opportunity for LGBTQ+ entrepreneurs and help shape the future workforce.
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NEW YORK, March 04, 2024--Today, StartOut and J.P. Morgan welcomed the newest cohort of companies to the Growth Lab Accelerator. With less than one percent of startup funding allocated toward LGBTQ+ founders in 2023, as found by a recent StartOut study, this five-month program is critical in providing resources and education to help entrepreneurs grow and compete.
This article was written by Chabeli Carrazana for The 19th . It is republished here with permission via a Creative Commons license.Silicon Valley Bank was the only one that would give Liz Giorgi a line of credit.It was 2019, and Giorgi was launching a new business venture called soona, a virtual photography studio service. Twenty-seven other banks had turned her away. Giorgi remembers sitting down with bankers who asked clearly inappropriate questions: What does your husband do for a living? How much money does he make?But Silicon Valley Bank (SVB) offered a solution. Being a resource for women founders was one of SVB’s stated goals. It helped women-owned, venture-backed tech businesses like hers in a climate where businesses owned by people of color, women and LGBTQ+ people face significant barriers to accessing credit
Food waste costs the US an estimated $218 billion per year. Since the Pittsburgh region counted more than 4,000 restaurants and other eating establishments in the region as of 2020, the Steel City isn’t immune from needing to be vigilant about how it handles its food waste. Through Pittsburgh’s Climate Action Plan, the city is working toward eliminating organic waste from its landfills by 2030. A sustainability-minded startup is helping the city work toward this goal. Through a partnership with the City’s Department of City Planning, Sustainability and Resilience Division, Ecotone Renewables will use its waste processing products to improve soil health and support urban agriculture
Power Moves is a column where we chart the comings and goings of talent across the region. Got a new hire, gig or promotion? Email us: [email protected] Venture for America’s new Pittsburgh advisory board members. Venture for America is a nonprofit that pairs entrepreneurial college grads with startup employment via a two-year fellowship program. In fall 2022, the program accepted 173 fellows from across the country, including four Pittsburgh organizations — Conserv, Civic Champs, Expii and Innovation Works — hosting five cohort members. The org just announced more local newness in the form of additions to its Pittsburgh regional advisory board: Frost Brown Todd Associate Derrick Maultsby, Jr., InnovatePGH Ecosystem Director Jason Griess, and LifeX Director of Ecosystem Development Kelly Collier
NEW YORK--(BUSINESS WIRE)--Today, StartOut and J.P. Morgan welcomed a new cohort of ten high-performing companies to the Growth Lab accelerator, a six-month program that helps LGBTQ+ entrepreneurs grow their businesses through networking, mentorship, and education.Now in its sixth year and eleventh cohort, Growth Lab has helped 65 early-stage companies raise more than $763 million in funding and create more than 3,650 new jobs across the United States. This incoming cohort of businesses brings together innovators from across the U.S. and Australia, specializing in fields ranging from healthcare and climate to fashion and education.J.P. Morgan serves as the co-lead sponsor of Growth Lab, providing expert mentors and educational materials to support participating companies. Additionally, J.P
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Total Funding
$4.9K
Headquarters
New York City, New York
Founded
2009
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