Business
Venture Capital Access Program for minority Tech Startups
Ed Dandridge., President and CEO of the National Association of Investment Companies
Access to capital is one of the biggest barriers facing start-ups. This is where the Venture Capital Access Program or VCAP© comes in. VCAP© is a partnership between the Harvard Business School Alumni Angels of Greater New York (HBSAANY) and The National Association of Investment Companies (NAIC). The HBSAANY invests nearly US$2 million dollars into 7 to 10 companies annually.
“We’re representing a diverse group of entrepreneurs with the potential to develop something equally transformative over time if given the resources,” says Ed Dandridge, President and CEO of The NAIC.
VCAP© seeks entrepreneurs across the traditional and digital business spectrum. Dandridge says companies in high growth businesses such as technology, life sciences, and consumer packaged goods are ideal candidates. “We’ve seen applications that are e-commerced based, such as hair, skin and makeup products for women of color.”