Lupe Fiasco wants businesses in underserved communities to succeed. The rapper has teamed up with tech business leader Di-Ann Eisnor to create the Neighborhood Start Fund, a nonprofit organization that will provide monetary aid to projects in low-income areas. In addition to funding, entrepreneurs will have access to mentorship opportunities and networking events.
Those struggling to launch their businesses can compete for funding by sharing their startup goals on stage to a panel of judges. The live pitch competitions will take place around the country, with winners receiving $5,000. The first "Idea" competition will take place November 13, 2015, in Brownsville, Brooklyn, in New York City.
And because it’s important to keep investing in your community, proceeds from the funded startups will be used to fund other businesses. So it’s a project that will keep on giving.
To learn more about the program and submit an idea for selection into the Brownsville live pitch, visit start.fund.
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