Commitment to Action

Impact America HBCU Venture Catalyst

Commitment by

United Negro College Fund (UNCF), Jalia Ventures

In 2012, Jalia Ventures and the United Negro College Fund committed to launch a venture competition to promote the development of minority-owned businesses that have a social or environmental mission. This partnership will raise $3.5 million over two years to expose historically black college and university students and alumni to social entrepreneurship and impact investing, and provide select entrepreneurs with seed financing and technical assistance to launch or scale up their enterprises. Those applicants who are selected to receive funding will have access to ongoing mentoring, training, and professional development opportunities.

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Overview
Summary

Commitment

Impact America HBCU Venture Catalyst

Launched

2012

Est. Duration

2 Years

Estimated Total Value

$3,500,000

Region

Northern America

Countries

United States

Commitment by

United Negro College Fund (UNCF), Jalia Ventures

Partner(s) of the Commitment Maker(s)

Social Venture Network, Mark Miles, Serious Change