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Digital platform EnrichHer is connecting Black women founders to the capital that they need. The platform has launched the EnrichHER Small Business Grant for $5,000, according to a press release. The initiative is designed to boost the needs of various operations with anything from purchasing new equipment to implementing a marketing campaign. “This is the 5th round of our business grant program and we couldn’t be more proud to offer another opportunity for women and founders of color to access funds that can help them reach their next milestone,” said Dr. Roshawnna Novellus, founder, and CEO of EnrichHER in a news release. “Women own 40% of businesses in the U.S. but receive only 4% of business loans. Our mission is to change that. The EnrichHER grant program brings us closer to our goal of empowering women-led, Black-owned, and POC-owned businesses through capital, coaching, and community.” To date, the platform has funded over 160 million companies with over $14 million since its...
The music industry is changing before our eyes in the age of digital distribution. The rapid transformation has created a new model by which the industry follows and introduced a slew of companies pushing a new agenda behind independence and ownership — one of which being global distribution company Vydia. According to Frank “Cheech” Polonia — Director of Creator Relations at Vydia — the company is an end-to-end music technology platform that provides labels and managers with the infrastructure and tools to power their business. Vydia’s place within the music business is to ultimately bridge the gap between music and tech. Polonia’s role at the company includes championing the brand as a valuable tool in managing digital footprints for various entities in the industry including independent artists, managers, management companies, and record labels. Polonia, a New York native who spent a decade serving as the Director of Standards and Practices at MTV, made the transition from music...
Each year, thousands of tech workers, founders and investors travel to Austin, Texas for the SXSW conference and festival to discover how the world of music and media is evolving. The conference is filled with networking opportunities, demos and pitch competitions from the country’s most innovative creators. This year, Roshawnna Novellus and her team at EnrichHer are part of that group. They’ll competing during the annual SXSW Pitch — a competition that hosts more than 50 companies across 10 divisions. The categories include artificial intelligence, social and culture, sports and performance data, and transportation and delivery. EnrichHer is one of the few women-led companies participating in the pitch contest and is competing in the Social and Culture category for its work in helping women founders secure funding through its platform. Founders and investors can create profiles on the platform and investors can directly give funding to whichever companies they choose. Since 2017,...
Women founders received only 2.2 percent of U.S. venture capital this year, according to data from Pitchbook. That number has not budged since last year, and it sheds light on one of the broader gender issues in entrepreneurship — most of the big decision makers are men. Organizations like EnrichHer , Jane VC and Backstage Capital are working to diversify who venture capital goes to and are bringing women to the forefront of VC funding. EnRicherHer is a platform that allows women-entrepreneurs to connect directly to investors. Investors can send money to the companies and organizations of their choice directly through the platform. EnrichHer also features chatting options and funding profiles to help users navigate how and with whom they’d like to spend their money. Jane VC is a women-led VC firm that wants to fund female entrepreneurs. The company has revamped the way that entrepreneurs pitch investors by asking female founders to pitch directly to the firm. Jane VC gives...