An initiative of the Institute for Entrepreneurial Leadership (IFEL) is being launched in Newark that will help women of color gain access to capital.
The Surdna Foundation recently awarded IFEL a grant of $100,000 to launch the Access Accelerator Program of Women of Color Connecting Capital (WOCCON). This program will focus on connecting women of color who are entrepreneurs and will specifically target Latinx and black women not in the technology industry.
The WOCCON Capital Access Accelerator will look to expand the range of investors, many of whom tend to lack diversity in their portfolios and pipeline. This initiative will expand its network so that women of color will have greater access to capital and facilitate the building of relationships. Such new programs often look to brochure printing to offer more details about their offerings and network building opportunities.
Jill Johnson, CEO and co-founder of IFEL, expressed her pride in partnering with the Surdna Foundation to work towards redefining risk and how evaluations are carried out to determine who should receive funding.
Interim director of Inclusive Economies at the Surdna Foundation, Patricia Green, said that women of color tend to face many roadblocks in getting equal access in this economy. Green added that she believes this program will help to create more services and wealth for communities of color.
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