Greater MSP Launches $50M Equity Fund to Boost Diverse Entrepreneurs

Greater MSP Launches $50M Equity Fund to Boost Diverse Entrepreneurs Main Photo

23 Mar 2022


News, Arrowhead Electric Cooperative, Cooperative Light & Power, Dakota Electric Association, East Central Energy, federated rural electric association, Itasca Mantrap Cooperative Electrical Association, kandiyohi power cooperative, Lake Country Power, Lake Region Electric Cooperative, mcleod cooperative power association, meeker coperative, Mille Lacs Energy Cooperative, Minnesoota Valley Electric Cooperative, runestone electric association, stearns electric association, Steele-Waseca Cooperative Electric, Todd-Wadena Electric Cooperative, Wright-Hennepin Cooperative Electric Association

Local nonprofit economic development group Greater MSP says it’s stepping up its commitment to entrepreneurs from diverse backgrounds.

On Wednesday, the organization announced that it’s partnering with startup accelerator group gener8tor to launch the MSP Equity Fund, a new pot of money that will be distributed to venture capital firms focused on diverse founders. Greater MSP won’t be providing the funds directly to founders; instead, the organization will provide money to 10 venture capital fund managers, who will in turn pass it along to entrepreneurs.

Click here to view the original article from the Twin Cities Business.

More Topics

Answering shipping's biggest questions as Great Lakes open for business Photo

Answering shipping's biggest questions as Great Lakes open for business

Mar 23 2022
The Great Lakes shipping season begins overnight Friday, ending the two-month winter offseason. Signs were evident Wednesday as U.S. Coast Guard icebreakers and tugs cleared paths for transiting lake freighters in places such as Whitefish Bay, on the eastern end of Lake Superior, and the port of Duluth-Superior...Continue Reading
MN DEED Commissioner Steve Grove visits Aura Fabricators Photo

MN DEED Commissioner Steve Grove visits Aura Fabricators

Mar 23 2022
Minnesota’s Department of Employment and Economic Development Commissioner Steve Grove visited Aura Fabricators in Fergus Falls, Minnesta, earlier this week. This woman- and minority-owned manufacturer produces everything from steel bridges and other structural steel components to ornamental metal work. They employ nearly 50 people and have been in their Fergus Falls location...Continue Reading
One solution to the congestion problem: More inland ports Photo

One solution to the congestion problem: More inland ports

Mar 22 2022
One of the lessons that supply chain stakeholders have learned during the COVID-19 pandemic is the vital role inland ports play in fighting congestion.  But what measures should be taken to fully utilize existing ports? Can — and should — new inland ports be developed? And what role can...Continue Reading