October 14, 2015
Earlier this week, the Chicago rapper Lupe Fiasco launched the nonprofit organization, Neighborhood Start Fund, which will be aimed at helping those in underserved communities “turn ideas into start-ups.” Cofounded by head of global partnerships for Waze, Di-Ann Eisnor, Neighborhood Start Fund will be a launching pad for entrepreneurs in inner-cities to get the funding, resources, training, mentoring, and connections they need to make their businesses successful.
— Lupe Fiasco (@LupeFiasco) October 13, 2015
The organization plans to hold a kickoff event for the fund through a live pitch event in Brownsville in Brooklyn, NY next month. According to RollingOut, the Neighborhood Start Fund has just launched an idea competition with a live pitch event scheduled for November 13, 2015. Participants in the competition will pitch their startups to a judging panel made up of leading figures in food, retail, entertain, and technology. Finalists will have the opportunity to win $5,000 to transform their ideas into prototypes.
Per Neighborhood Start Fund’s website:
“We need more diverse entrepreneurs bringing fresh ideas and new innovations to life. So, we’ve created a neighborhood-specific fund to support entrepreneurs and start-ups from underserved areas and of course so the best new ideas won’t go wasted. We provide access, network, workshops, mentoring and of course funding.”
Those who are a part of the Brownsville community and are interested in pitching should submit their ideas by October 30th.
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