Innovation for All
To create a world where anyone regardless of race, gender, location or background can have the opportunity to become an entrepreneur.
If you have a lake in front of your house and one fish is floating belly-up dead, it makes sense to analyze the fish.
What is wrong with it?
Imagine the fish is one entrepreneur failing in their journey to create new jobs and innovative solutions.
We’d ask: did it work hard enough?
But if you come out to that same lake and half the fish are floating belly-up dead,
What should you do?
This time you’ve got to analyze the lake.
Imagine the lake is one entrepreneurship support organization and more than half their entrepreneurs are failing in their journey.
This time we’d ask: might the system itself be causing such consistent, unacceptable outcomes for entrepreneurs? If so, how?
Now… Picture five lakes around your house, and in each and every lake half the fishes are floating belly-up dead!
What is it time to do? We say it’s time to challenge the groundwater.
It’s time to challenge the entrepreneurship ecosystem.
We openly challenge the way the current entrepreneurship ecosystem works
In a world where innovative solutions only benefit the privileged, we must proactively democratize access to quality entrepreneurship support worldwide. It’s in the act of supporting all types of innovators, we’ll see entrepreneurs unleashing their entrepreneurial potential to generate all kinds of sustainable solutions to the problems that truly matter.
Our ecosystem lacks opportunities
Entrepreneurship programs usually only exist in big cities and have limited capacity due to the high costs it takes to support one entrepreneur. This ends up being a burden on the entrepreneur who gets asked for high fees, equity for support or rejected from the program.
of applicants are accepted into entrepreneurship programs
of accepted entrepreneurs globally are based in Silicon Valley
Our ecosystem lacks diversity
By the time entrepreneurs are ready to face a VC, they’ve already gone through ideation, incubation and acceleration and probably have received quality mentorship, and the truth is that most of this support is outrageously inaccessible to minorities due to competitive selection processes with a bias towards the most educated or connected.
of VC-backed startups globally are male-led
of these are led by white males
Our ecosystem is not efficient
of entrepreneurship initiatives’ budgets go into rent and salaries to host the entrepreneurs
of their budgets to support them and strengthen local ecosystems
Funding is not fairly distributed
Risk is perceived to be higher for seed, start-up and early growth stage businesses because the management team is inexperienced and the product and market may be unproven. An efficient and diverse funding ecosystem will enable the flow of capital to the most promising entrepreneurial ideas. When access to capital is tied to factors unrelated to the quality or potential of the business—such as geography, gender, race, or wealth—the flow of capital to promising entrepreneurs is slowed.
Despite the importance of capital for entrepreneurs
Many entrepreneurs face barriers to securing base and early-stage capital
The consequences of entrepreneurship as we know it today…
What you can do to turn this around
Together, we’ll make entrepreneurship and innovation the vast positive driving forces behind the venture and economic growth our societies and economies need.