Enterprise software program developer Sage, in partnership with female-minded entrepreneurial on-line neighborhood The BOSS Community, introduced Wednesday the Sage Put money into Progress grant, which is able to assist Black girls entrepreneurs throughout their first 5 years in enterprise.
Sage will assist 25 Black girls entrepreneurs with $10,000 every throughout these 5 years. The grant will additional embody a year-long mentorship and schooling program; quarterly enterprise coaching programs by way of BOSS College; entry to the Boss Community on-line neighborhood; and complimentary Sage Enterprise Cloud Accounting software program.
The Sage Put money into Progress grant appears to assist the beforehand introduced BOSS Impression Fund, which goals to boost funding funding for greater than 500 Black girls entrepreneurs over the subsequent three years.
“It has been reported that the only best barrier to success for brand new companies and startups is entry to capital — and minorities make up lower than 1% of founders that obtain that funding. With The BOSS Impression fund, we’re working with companions like Sage to deal with that disparity head on,” stated Cameka Smith, founding father of The BOSS Community, in a press release. “The Sage Put money into Progress program will construct on the work of The BOSS Community to not solely empower Black girls entrepreneurs but in addition arm them with the assets they should lead profitable companies and improve their market share.”
“At Sage, now we have dedicated to pulling down limitations that foster a bonus for some teams whereas creating obstacles for others. Capital funding is one space that we’ve acknowledged as a barrier, notably for Black businesswomen,” stated Aziz Benmalek, interim managing director at Sage North America, in a press release “Sage is devoted to being part of a cultural shift that can assist convey a couple of enterprise neighborhood that’s extra equitable and sustainable for all.”
The Sage Put money into Progress grant software window opens Jan. 26 and closes Feb. 25, 2022. To use, or for extra data, go to the grant software web page right here.