“Boss Impact Fund” Launches to Raise Capital For 500 Black Women Business Owners Over the Next 3 Years

It has been reported that the single greatest barrier to success for new businesses and startups is access to capital—and minorities make up less than 1% of founders that receive that investment. The BOSS Impact Fund will focus on investing in Black women-led businesses and preparing these entrepreneurs to build scalable, growth aggressive companies. Its goal is to raise investment funding for 500+ Black women entrepreneurs, over the next three years.

As part of its efforts, The BOSS Network is partnering with Sage, the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations, and people, for the launch of the Sage “Invest in Progress” Grant Program, a $1.5M commitment over three years. Sage and The BOSS Network are working together to remove the barriers that many entrepreneurs face by providing funding to support Black women entrepreneurs in the first five years of their business.

Through the Sage “Invest in Progress” Grant Program, 25 Black women entrepreneurs will have the opportunity to receive a capital investment of $10,000 toward successfully starting and growing their business in addition to an entrepreneurial mentor program in support of Black women-owned small businesses. To register or for more information, visit BOSSImpactFund.com. The deadline for submissions is February 25th. Continue Reading

(SOURCE) https://www.blacknews.com/news/boss-impact-fund-raise-capital-500-black-women-business-owners-next-3-years/?utm_source=rss&utm_medium=rss&utm_campaign=boss-impact-fund-raise-capital-500-black-women-business-owners-next-3-years


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