Commitment to Action

Empower Young Black Men as a New Class of Entrepreneurs

Commitment by

City Startup Labs

In 2014, City Startup Labs committed to develop young, black men into entrepreneurs, and will do so by conducting academies in new markets where accelerated instruction and directed support are provided. CSL recently completed a 15-week pilot, in Charlotte, NC, which will serve as the template for how the program can be replicated as part of a multi-market strategy. Beyond Charlotte, academies will be started in two to three markets within two years. Each academy will conduct two sessions per year per market with 25 students per cohort. The students/entrepreneurs go through a three-step selection process and are culled from a host of local sources and candidates. Out of 25, five are chosen through a competitive process to move on to incubation.

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Overview
Summary

Commitment

Empower Young Black Men as a New Class of Entrepreneurs

Launched

2014

Est. Duration

2 years

Estimated Total Value

$1,400,000

Region

Northern America

Countries

United States

Commitment by

City Startup Labs

Partner(s) of the Commitment Maker(s)

Urban League of the Central Carolinas, Accion Us Network, University of North Carolina at Charlotte