DC's VilCap Communities project will focus on inclusive entrepreneurship - Technical.ly DC

Business

Mar. 9, 2016 11:58 am

DC’s VilCap Communities project will focus on inclusive entrepreneurship

The new program will take Village Capital's peer funding model and apply it to 16 pioneer cities, including Baltimore and D.C.

At a Village Capital event in Amsterdam.

(Photo via Twitter)

“The way that we back new ideas isn’t working for most people.”

This is how Ross Baird, executive director of Village Capital, launches in. What he means is that VCs tend to fund a certain type of company — both in terms of substance and leadership, and also in terms of geography.

Village Capital, the D.C.-based venture firm with a twist, believes we can do better. That’s why the fund has developed a model in which entrepreneurs themselves make investments.

Historically, Village Capital programs have been run according to sector. Now the fund is launching VilCap Communities, “a program to help regions often underserved by the mainstream investment capital across the U.S. find, train and invest in startups using Village Capital’s peer selection methodology.”

Sixteen communities have been selected to take part in the inaugural class of VilCap Communities, and D.C. is on the list. So is Baltimore, which is focusing on health-tech startups.

The project is being run in partnership with the Ewing Marion Kauffman Foundation and the Sorenson Impact Center. It also has support from the Rise of the Rest initiative — which is, of course, led by Steve Case, cofounder of Revolution.

The D.C. program itself will focus on inclusive entrepreneurship — the initiative will be lead by Jason Towns. The goal, Baird told Technical.ly, is to “change people’s image on what an entrepreneur looks like here in D.C.” Many of the details of how the D.C. program will work are still being worked out, Technical.ly was told, so keep an eye on it if you’re interested in participating.

Organizations: Village Capital, Revolution
People: Steve Case
-30-
LEAVE A COMMENT

Advertisement

VEDA Data Solutions raises another $1 million, plans hiring

Rockville-based Homesnap raises $14 million Series B

Hatch Apps raises $1.3 million to make software development faster and cheaper

SPONSORED

DC

VR is cool, but it isn’t mainstream. This local company has a fix for that

Washington DC

Nava

Product Manager (DC, NY)

Apply Now
Philadelphia

Think Company

Web Developer

Apply Now
Philadelphia

160over90

Full Stack Web Developer

Apply Now

DC is creating an Inclusive Innovation Fund. Here’s how to weigh in

Funding news about comScore

This fintech company is helping veterans start businesses

SPONSORED

DC

These DC-based founders drop some serious knowledge in our Tomorrow Toolkit ebook

DC or Madison, WI

VEDA Data Solutions

Back End Developer

Apply Now
DC or Madison, WI

Veda Data Solutions

Front End Developer

Apply Now
Baltimore

Protenus

Marketing Associate

Apply Now

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!