Accelerate Creators

Elevate/Elevar Accelerator


 
 
Overview

Elevate/Elevar is a direct response to both need and opportunity. From 1983 to 2013, our nation’s median wealth decreased nearly 20 percent. While White wealth increased during this period, Black and Latinx wealth decreased significantly. This has left our communities in states of extreme disinvestment, perpetuating the cycle of poverty. We can bridge the racial wealth gap by elevating Black and Latinx founders, who are too often overlooked and underestimated. Investment in their success is estimated to generate 1.1 million more businesses and 9 million more jobs. It would boost our national income by 300 billion dollars.

Elevate Accelerator, as a Village Capital Community, is part  of an international network that supports ready-to-scale companies. Our six-month program offers St. Louis-based founders:

  • Access to capital

  • Training, using Village Capital’s research-based investment-readiness curriculum

  • Advising from a business coach and mentors

  • Office hours with attorneys, accountants, HR and marketing professionals

  • Co-working space and community

+ Target Founder

Elevate engages entrepreneurs who:

  • Identify as Black or Latinx
  • Run a company with demonstrated traction
  • Work in industries that create living wage jobs for community-members living in poverty
  • Commit to their company full time or agree to make the leap if accepted into the cohort

+ About Village Capital

Village Capital is a global venture capital firm that finds, trains, and invests in entrepreneurs solving real-world problems. Since 2009 we have been one of the world’s most active early-stage investors, investing in over 70 ventures across 15 countries and supporting hundreds more through our collaborative venture development programs. Village Capital graduates have leveraged initial capital 25:1, created over 10,000 jobs, and served over 6 million customers.

“The stronger families are, the stronger their communities can and will be. Entrepreneurship can help build individual and community wealth, but only if we are intentional in our efforts.”

Lisa Hamilton, President & CEO of Annie E. Casey Foundation

 

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