ConnectUP! Institute is a social finance innovation and enterprise development studio powering equitable economies that work for all.
Statistics indicate that women claimed just 2% of the VC funds, and women of color claimed just under 1% in 2021.
Black startup entrepreneurs still received only a tiny fraction — 1.2 percent — of the record $147 billion in venture capital invested in U.S. startups through the first half of this year, Crunchbase numbers show. That compares with the more than 13 percent of the U.S. population that is Black or African American. (Crunchbase, 2021)
In a 2019 study conducted by the Federal Reserve Bank of New York it was noted that only 17% of firms with non-Hispanic Black ownership reported their funding needs were satisfied.
29.4% of BIPOC business owners receive all the funding they request from the bank compared to 54.2% of that of white business owners.
If you’re like us, you know that there are systemic injustices that limit access to capital and need to be addressed.
From our Due Diligence Accelerator to our Integrated Capital Fund to our ConnectUP! Summit, we curate genuine connections between investment-ready (or near-ready) business founders and investors to cultivate an informed and collaborative entrepreneur ecosystem in Minnesota and beyond! You have the power to help us continue supporting the entrepreneurs you know and love in the community.
The ConnectUP! Summit brings together entrepreneurs, investors and entrepreneur support organization leaders from Minnesota and across the country for two days of culturally responsive talks, action-driven workshops, deep-relationship building and diverse networking opportunities. With an emphasis on entrepreneur needs and realities, the ConnectUP! Summit provides education and connection for investors ready to #LevelUp their investments!
Our CEO Circles equip second-stage CEOs with actionable strategies to overcome the hurdles of surviving in the market space, maintaining good business practices, and scaling up. Twice a month Expert Mentors (investors, entrepreneur support organizations, business professionals, etc.) will be joined by four 2nd-stage CEOs to work through issues they may be facing. These topic-specific meetings are also a space for Expert Mentors to learn the current scope of needs for small businesses founders. Submit an interest form to be considered!