The HBCUvc Venture Capital Lab Fund is a teaching venture capital fund managed and sourced by the HBCUvc Fellows and adjacent communities. The Lab Fund serves a dual purpose of offering investment experience to our Fellows and providing capital to early-stage, tech-enabled entrepreneurs. Upon being selected for the Lab Fund, founders will receive access to our program, community, introductions to the HBCUvc investor network as well as non-dilutive capital as follows:
$5,000 for Black, Indigenous, and Latinx (BIL) student-founded companies
$10,000 for founders with an HBCU affiliation (alumni/faculty)
$10,000 BIL founded companies
The vision of the Lab Fund is to empower our VC Fellows to support entrepreneurs in their community and to develop their track record as an investor.
During the six-month program, founders will be invited to attend HBCUvc community events, monthly check ins, quarterly CEO forums, and startup workshops. They will also be enabled to leverage the HBCUvc community by making strategic asks. This includes the support of the HBCUvc fellows and access to HBCUvc’s exclusive list of investment partner firms and additional high-level contacts.
Following the six months, we aim for founders to achieve the following outcomes:
If this sounds like a fit for you or a rising founder that you know, we encourage you to apply.
Applications for our January 2022 cohort open on June 1, 2021. Apply to the Lab Fund here