On December 1, the Ewing Marion Kauffman Foundation announced the recipients of the Inclusion Challenge, a grant program designed to award funds to female entrepreneurs and entrepreneurs of color.
Twelve recipients were selected from a pool of 376 applicants, and awards range from $87,000 to $420,000, totaling $4.3 million overall.
“Entrepreneurship in America should be available to everyone, yet women and minorities continue to face more obstacles to starting businesses when it comes to accessing funding, education, mentors and markets,” said Victor Hwang, vice president of Entrepreneurship at the Kauffman Foundation.
The Inclusion Challenge grantees are spread across the country in 11 different states, but all share the same purpose: allowing female and minority entrepreneurs to achieve higher rates of success in the industry. For example, winners include the Association for Women in Science based in Washington D.C. and also the Kapor Center for Social Impact based in Oakland.
The foundation, which is based in Kansas City, is a private, nonpartisan organization that aims to foster economic independence through entrepreneurial success. They hope the grants help more than just the individual organizations.
“The nation and our economy as a whole will benefit from more entrepreneurs generating income and wealth in traditionally underserved markets,” said Hwang.
Honorees were recognized at the Mayors Conference on Entrepreneurship held in St. Petersburg Florida between November 30 and December 2nd.
To see the complete list of grantees, visit www.kauffman.org.