New Partnership with LiftFund: Harris County Small Business Relief Fund Outreach!

New Partnership with LiftFund: Harris County Small Business Relief Fund Outreach!

Harris County has created a new $30 Million Small Business Relief Fund to support micro and small businesses recovering from the economic effects of the COVID-19 pandemic. Created with funding from the American Rescue Plan Act (ARPA), the Small Business Relief Fund is being administered by LiftFund, a nonprofit community development financial institution (CDFI); and we are proud to announce that Impact Hub Houston is partnering with LiftFund to help more entrepreneurs, founders, and micro and small businesses learn about and get access to this critical funding so they can survive and thrive in these incredibly trying times.

Eligible small business owners may apply for financial support in the form of grants ranging from $5,000 to $25,000 to advance their recovery from the economic setbacks caused by the COVID-19 pandemic. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. The application process is not first-come, first-served; all completed applications will be reviewed for eligibility and prioritized based on small business impact parameters. Below you will find more details about this program, including eligibility, funding methodology and timeframe.

To learn more, scroll down and/or attend one of LiftFund’s upcoming Virtual Info Sessions:

Eligibility Criteria

  • Located within Harris County
  • Registered business operating in Harris County. Check this map see if your business address is located in the county
  • Must have 30 or fewer employees (including part time, contractors and full-time employees and owners)
  • In operation before April 2020
  • Experienced negative impact on operations due to the pandemic
  • Annual revenue of less than $500,000 dollars in 2019 and 2020
  • Be in good standing Texas Comptroller’s office with no outstanding tax obligations or liabilities

Tax-exempt businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. You can view the list of prohibited NAICS codes here. 

 

Grant Awards & Limitations

The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs.

  • Grant applicants are only eligible to receive one grant award
  • Only one grant may be awarded per business with more than one location
  • Limited to one grant per physical address within Harris County

Documentation Required

The grant application will require verification of pertinent documentation.

  • Personal Identification
    • Driver’s license or government-issued photo ID
  • Business Information
    • Proof of business registration with Harris County or TX Secretary of State
    • Q1 2021 941, payroll report or 1099 to verify number of employees
    • Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill.
    • Business Financials: 2019 and 2020 business tax return (additional financial documents, such as bank statements or P&L may be requested if losses cannot be verified by the tax returns)
  • Other
    • DD 214 proof of military discharge (veterans only)

Scoring Methodology

The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis.  Applications will be assessed and scored using the following methodology. Applications with the highest scores will be reviewed and approved first. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points.

  • Ownership
    • The program has a priority for woman, minority and veteran-owned businesses
  • Previous access to financial support
    • Receipt of previous federal COVID-19 funding through PPP loan, EIDL or Harris County grants
  • Social Vulnerability Index of business location
  • Employee count
    • The program has a priority for businesses with fewer than 10 employees
  • Industry

Timeline & Award Schedule

  • Applications will be accepted from Monday, September 20 at 9:30AM to Monday, October 4 at 5:30PM.
  • The application review period will start on October 5, 2021 and continue through January 9, 2022.
  • The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores.
  • All grants will be awarded by January 2022.

For more information, or to get information for the Harris County Business Relief program in Spanish or Vietnamese, please visit https://www.harriscountybusinessrelief.org/

Female Founder Puts Her Mission into Action

Female Founder Puts Her Mission into Action

How female founder Action Jackson impacts the face of business in Houston 

Written by Impact Hub Houston Team member Camila Aguiar

She was born Joy, but chose Action as her moniker. “After all, an idea without action is worth nothing,” she says.  This intense need to turn ideas into action pushed her to open a media production company for small businesses back in 2018. It was also what brought her to Impact Hub Houston, where she found support to build a business model for her most audacious project: The Black Business LabAction was one of the 8 founders to participate in the Female Founders Program,  an initiative of Impact Hub sponsored by Frost Bank. From May to July 2021, Action worked closely with Impact Hub’s CEO, Grace Rodriguez, and received support from additional experts to build the Black Business Lab Project business model. “The Lab” is a spinoff of the Black Marketing Initiative, which she created to help black owners thrive in business. 

To understand how she got here, we must look back to 2020, when COVID hit and caught her by surprise. At that time, Action was celebrating one-and-a-half years as head of Action One Media. She wanted to change the narrative about Black business owners and started by helping small businesses communicate with clients and the community through media content, especially in video format. The company was online but got its client base from having 20-100 people come to their small studio every week and doing events outside. Action decided to close the company as soon as COVID hit. The following three months were hard. She had no clients, no revenue, and no clue where to go next. But she knew she had to do something, and she decided to start by listening.

In June 2020, Action and her team–the Action Squad–led a survey with 226 small business owners. Over a hundred of them answered they were about to close if they didn’t get online.  Action soon realized the need and the urgency to do something about it. She used the data from the survey to pivot her business and offer a well-rounded marketing strategy for clients.

“In a nutshell, you can get video to show your face. You get the consulting to know where to put your video and help yourself get the clients you want. And we can also save you time by automating the process for you.”

She implemented an entirely new system to meet the unique needs of small businesses. Finally, things started getting better, but Action was still not happy. She knew from the surveys that most owners couldn’t afford the service. Action was struggling herself to put her company back in business after months without revenue. 

“We realized we didn’t need just to sell the services. We could create a program and offer the services to the business through the program funded by grants, crowdfunding or anything we could pull together to help Black owners.”

Impact Hub was crucial in implementing the first pilot she did with 16 Black owners. Grace Rodriguez even participated in some of the sessions and helped shape the business training. But Action wants to go further. Her next goal is to build a Black innovation corridor in South Houston. She compares it to other Houston initiatives, such as the Energy Corridor and The Museum District. She already gathered more than 20 businesses, and they are working together to create a safe space to help Black owners get the support, the funds and the collaboration they need to thrive. 

Action’s pitch sounds firm and convincing. She says this was one of the best aspects of the Female Founders Program. The constant practice and interaction helped her strengthen her case for support. Frost Bank’s advisors also helped her build some new financing strategies, especially regarding balancing her statements.

“They gave their hearts to make sure we learned. These are things sometimes we ignore as founders. I got some strategies behind changing our financial year.” 

The three intense months of coaching sessions and hard work also helped her build new perspectives on her business. “We got counsel from them to build up the part we were missing. If you are a service business like us, you think you don’t need a supply chain, for example. Until you answer those questions in the assessment that they gave us. That in itself opened my eyes the most. It gave me a different perspective. And you need all the perspective you can get.”

Since we are talking about Action, we shouldn’t be surprised by how fast she is putting everything she learned in the service of her community! She is working with partners to expand the Black Marketing Initiative into the Black Business Lab. They applied for grants and are developing an asset map for the Black Innovation Corridor. The project has the support of some of her largest clients, including NANCo Aero–an aerospace company creating a “flying car”; South Union CDC–a STEM Foundation for youth and seniors with a solar co-op; and The Fish Bowl Experience–a  pitch competition that gives away up to $50,000 in funding to small businesses owned by college students, veterans, and entrepreneurs with serious hustle. 

“The ability to be who we are, take action on the things that matter, and impact is a blessing. We can build business models that can be used by the world to improve the world while making money. The sky is no longer the limit.”

Stay up to date with Action and her initiatives! Follow Action One Media on Facebook, Instagram, LinkedIn, Twitter, and YouTube

Our team at Impact Hub Houston is here to help you take your venture to the next level. Learn how with an Accelerate Membership.

Houston Founder Makes Impact for Safer, Healthier Environments

Houston Founder Makes Impact for Safer, Healthier Environments

McMac Cx creating safe and healthy environments, one building at a time 

Written by Impact Hub Houston Team member Nabiha Khetani.

Founder and President of McMac Cx, a company devoted to safer and healthier buildings and environments, David MacLean shares his story behind the meaning of his mission and how Impact Hub Houston is helping to achieve his goals. McMac Cx aims to achieve SDG 11: Sustainable Cities and Communities. While SDG 11 is their primary goal, the company addresses needs that also target SDG 4: Quality Education and SDG 9: Industry, Innovation, and Infrastructure.

David joined the Accelerate Membership Program to increase his knowledge on branding and marketing to further advance his goals for his company. His biggest challenge, he shares, is getting people to understand why they should care. Why is it important to create buildings which are above minimum code requirements? 

It begins with addressing the unrealistic expectations of inhabitants and what creators can deliver with the institutional barriers getting in the way. That is where McMac Cx comes in. To minimize the sacrifices on the health and safety of citizens and maximize on impact, MacLean and his company look at first, costs of buildings while also evaluating what the social and environmental impact would be. They work with partners around the globe and use advanced social tech to have immediate implementation of sustainable improvements for a safer environment. David works diligently to change the reality of the current operation of buildings and create a standard that is above minimum code. 

“The pivoting and changing conversation is all about education, and people understanding the order of magnitude of the problem.” David says.

As one of his current initiatives, David created the USGBC Texas Best Practices App as an educational tool and a way for members to connect with nonprofits and other organizations achieving similar altruistic passions. He is also the founding Board Member of the Texas Chapter of the US Green Building Council (USGBC) and created the Best Practices Committee as a platform of connection between the creators and inhabitants to work together.

“At the end of the day, it’s not about me doing something that anybody else can do” David says “it’s actually me helping somebody else over that lift so they can be more successful, because it’s about impact that we want to make, right.”

Part of the reason David was drawn to Impact Hub was because of the global Sustainable Development Goals they use as a guide and a lens for their work. Out of the 17 SDGs passed by the United Nations in 2015, IHH primarily focuses on six. David says the SDGs create a global language to articulate what is important and what more can be done. Although he strongly resonates with three or so of the goals, the Accelerate Program keeps him engaged in how the rest of the world is acting across the 14 other SDGs. 

Looking ahead, David wants to keep growing his company nationally and globally. His current services are largely focused locally in Texas, but are all transferable to any other place in the world. He recently launched a global video competition to reach advocates across the world to become ‘Air Champions’ in their neighborhood. The video content focuses on why they think air quality is important. Although having McMac Cx recognized is a priority since it is a for-profit company, David prioritizes sending a certain message to his community which he is eagerly passionate about. 

McMac Cx works with partners from around the globe to aggregate advanced Social Tech, allowing the immediate implementation of sustainable improvements that create positive social and environmental change. Its goal is to economically enable everyone to live, learn, work, and play in places that are safe, healthy, efficient, and prosperous. Learn more about McMac Cx and connect with David.

Our team at Impact Hub Houston is here to help you take your venture to the next level. Learn how with an Accelerate Membership.

Female Founder Carves Her Own Path as a Social Entrepreneur

Female Founder Carves Her Own Path as a Social Entrepreneur

How a female founder is impacting and revolutionizing senior citizen care and intergenerational connections

Written by Impact Hub Houston Team member Nabiha Khetani.

Varina Rush has always carved her own path and believed in herself as a social entrepreneur leading her to where she is today as CEO and co-founder of AmazingBond, a for-profit company revolutionizing senior citizen care by creating a space for them to be seen, heard, and experience vitality. She joined Impact Hub Houston two years ago and shares her story focusing on SDG 3: Health and Well-Being. Varina developed a variety of small businesses starting with selling candy in high school to selling her art and jewelry about twenty years ago. Fast forward ten years, she started practicing yoga to help ease anxiety and used art as a way to create peace in her own life and others. She then worked with veterans struggling with PTSD, recovering addicts, and was an avid volunteer for seniors and caregivers. 

“I had volunteered every year with Alzheimer’s Foundation and the caregiver foundation and would donate my time,” Varina said, “and this was really sort of in honor of my grandparents, my grandparents are very important to me. And my grandfather had Alzheimer’s, and my grandmother was his caretaker. And so a lot of times when I volunteered, it was giving back to them, sort of feeding my lineage.”

One day, three years ago, Varina reflected on the work she was doing. She was creating art, she was promoting healthy practices, and she was working with elderly people in her community, so why not create a business out of it? Looking back at her life, Varina says all the things she did unknowingly created this path for her business. When Varina heard about Impact Hub Houston, she was really into the concept of social entrepreneurship and says she joined at the right time. The pandemic drastically changed the plans of AmazingBond, forcing them to pivot and adapt to a virtual world. 

“I remember talking to Michelle. We had a call and it was like I was just trying to hold it all together,” Varina says, “and I didn’t even know it but I just needed someone to listen and I had been strong for everyone. And I got on the call with her and I just started crying like…I don’t know what to do. And she gave some ideas, and it just was, you know, she just pumped some extra energy into me. And they’ve been really good at that. So I honestly don’t know, without the support, even if it was just listening, how we, you know, we would have survived the pandemic at certain moments.”

One remarkable moment for Varina was a workshop conducted by Grace Rodriguez on Lean Startup principles. The pandemic completely uprooted the practices of AmazingBond. They were unable to see their seniors, they were all isolated in their homes, and there was no way to help. The workshop taught her to get creative, to think outside the box, and how to work with practically nothing. Varina thought many seniors don’t have access to technology or they simply were never taught how to use it. However, what most of them do have is a phone.  From this lesson, SeniorConnect was created. 

This program pairs over 100 college and high school students in the Houston area with isolated seniors to have weekly 30-minute meaningful conversations to provide a connection. The program started as a way for students to get volunteer hours, but became something more. With time, students began to have real, meaningful conversations. They started learning things and unexpectedly relating to their seniors. This intergenerational program has connected a group of kids invested in their phones and social media to listen and develop a unique bond with a group of seniors who now feel empowered with something to offer. 

“Most people don’t know that the people 85 and older have the second highest suicide rate,” Varina says, “you know, once you get a certain age, sometimes you’re invisible. And, and so they don’t feel like they have a reason to live. And that’s one of the reasons why we created SeniorConnect is…for them to experience that connection and experience the youth, right?”

Help us also celebrate Varina’s recent marriage to Allison Bond, who is both her life and business partner, in the midst of a pandemic.  Varina came out to her parents when she was just 13 years old and never thought same-sex marriage would be possible in her adult life. She says the LGBTQ+ community has come a long way and how the world has changed in the last decade is significant. Varina and Allison got married in April 2021 at a place that holds special meaning to the couple: the Houston Arboretum. Every day during quarantine, they would have a 3-mile walk to the Arboretum and give it all to nature. It became a safe and sacred space for them and they knew that was the place they wanted to get married. 

“I’m really happy for the young LGBTQ+, I know we still have a lot to go, but just how much more accepting it is in the world today than what I’ve seen. And then I’m also just really grateful that my family has gone through the process. And they were so welcoming to Allison and our relationship. And they actually said, you know, ‘it’s about time.’”

AmazingBond is changing the world for seniors and caregivers by improving their quality of life with therapeutic art, chair yoga, and tai chi. They believe at any age their tactics can be used to have good health and a positive mindset. Learn more about AmazingBond and connect with Varina. Connect with them on Instagram to stay updated on their journey!

Impact Hub Houston is here to help you take your venture to the next level. Learn how with an Accelerate Membership.

Female Founder Impacts Education Quality through Technology

Female Founder Impacts Education Quality through Technology

How a female founder is impacting education quality by targeting self-esteem through technology

Written by Impact Hub Houston Team member Camila Aguiar

When you talk to Margo Jordan it is hard to imagine that she once suffered from low self-esteem. Yet, this confident and persuasive entrepreneur says she struggled when she was a little girl back in Milwaukee, WI, where she grew up. Today, she is a successful and passionate founder who turned her own struggle into an educational company that helps students overcome low self-esteem and depression.  Her entrepreneurship journey started in 2013, after 10 years in the Army and a brief experience in the finance sector.  She was only 26 years old when she opened her first company, a facility in Northeast Houston to offer enrichment programs for children, including day camps and workshops.  

Thanks to a combination of creativity and strong knowledge in finance, Margo was able to develop her leadership skills and grow her business. But like many founders, she had to deal with unpredictable events that tested her resiliency and leadership skills. The first big challenge came in 2017 when Hurricane Harvey destroyed her facility in Northeast Houston. Nevertheless, Margo didn’t give up and was able to raise funds to continue serving families in Houston.

Two years later, another major disruption menaced her business. COVID forced her to stop the in-person programs, but also offered an opportunity to make a greater impact and help students cope with a new reality marked by isolation and uncertainty. She pivoted and focused all her efforts on her e-learning platform, Enrichly

Currently, Enrichly has 500 subscribers and impacts more than 10,000 students from different grade levels and backgrounds. The platform offers self-esteem-based learning workshops and curriculum, live content with teens and influencers, and mental health resources. The goal is to help members build their confidence, recognize their capabilities, and put limitations in perspective. According to Margo, having high self-esteem helps prevent depression, anxiety disorders, and even suicide. It affects all aspects of life including academic performance.

When parents and schools from countries worldwide started coming back to her for help, she realized she was dealing with a global issue and started expanding her business outside the US. Her platform currently reaches members from 12 countries, mainly parents and educators trying to help students overcome depression and low self-esteem. Margo is also negotiating with corporations and schools in countries such as Brazil and the United Arab Emirates. Her most recent contract was with the Arabian American School, which will bring a self-esteem learning program to their campus middle school students in Dubai.

The power of connections

As a visionary entrepreneur, Margo thinks it is important to take risks and learn from mistakes. She recognizes the value of connections and resources for her business. In 2021, Margo was selected to participate in a three-month support program offered by Impact HUB Houston in partnership with Frost Bank. Since May, she and seven additional Founder women had weekly meetings with advisors and mentors to refine their business model. The program has also helped them gain a deeper understanding of business and financial management, while working on their pitching and funding model.

“The amount of resources we received are invaluable. Being able to connect with Grace and Michelle has allowed me to put some of the pieces I’ve been missing together. Grace and I worked on my diagnostic and defined a lot of what my company does and gave me a more concrete plan moving forward. This was very instrumental in making sure I’m capturing my impact more efficiently,” says Margo. 

Margo’s next steps include launching the Enrichly app and growing her membership program. She is also working on a side project to help students develop leadership skills and an entrepreneurial mindset. She admits it was particularly difficult to build her reputation and raise money being a Black woman, and she wants to inspire others to believe in themselves and fight for their dreams. Considering her personal story, and the passionate way she talks about her mission,  Margo is certainly a great inspiration. 

Visit Youth Enrichments to learn more about Margo’s mission! Connect with them on social media and stay up-to-date with their journey: Facebook, LinkedIn, and Twitter

Impact Hub Houston is here to help you take your venture to the next level. Learn how with an Accelerate Membership. 

Investing2030: Redefining the Future of ROI

Investing2030: Redefining the Future of ROI

Now that COVID-19 and climate change have profoundly disrupted society and our economies, how might we innovate investment in impact and build more just, equitable, and resilient economies by 2030?

We are addressing this at the Impact Hub Houston’s “Investing2030: Redefining the Future of ROI” Summit on Thursday, May 20th, from 12:00pm CT to 5:00pm CT!

Investing2030 aims to provide a window into this future, where a surge in entrepreneurs developing “glocal” (global+local) solutions to the world’s most pressing issues intersects with the next generation of funders implementing triple-bottom-line investing with an Environmental, Social, and Governance (ESG) lens.

From climate change to economic, gender, and racial inequalities to crises in health, education, and more — areas targeted by the global Sustainable Development Goals (SDGs) — we know that it will require more inclusion, more ideas, more innovation, and more investment to effectively address all of these issues and get our planet on a positive track by 2030.

You will walk away from Investing2030 with a better understanding of:

  • Diverse types of impact ventures and social entrepreneurs
  • What fundraising looks like in different regions, industries and verticals
  • How to raise funding at various stages of growth
  • What entrepreneurs’ *real* challenges have been for fundraising in Houston
  • …And more! 

Investing2030 is happening during Houston Tech Rodeo May 18-24 and is open to all: entrepreneurs, startup founders, students, and community members who are interested in learning more about transforming “Return On Investment” into “Return On Impact.” And it’s FREE and virtual, so all can attend! Registration is still open — Join us to learn from and connect with people at the forefront of our Impact + Investment ecosystem!

Register now and join us to learn the Future of ROI: https://investing2030.eventbrite.com

Workforce Solutions, MassChallenge, and Impact Hub Houston Join Forces to Support Female Founders

Workforce Solutions, MassChallenge, and Impact Hub Houston Join Forces to Support Female Founders

Workforce Solutions selects MassChallenge and Impact Hub Houston to operate a startup bootcamp designed for female founders. 

(Houston, TX) April 1, 2021 – MassChallenge, the global network for innovators, Workforce Solutions, the public workforce system for Houston and the surrounding 13 counties in Southeast Texas, and Impact Hub Houston, a locally rooted and globally connected impact innovation incubator, today announced a new partnership to launch a bootcamp to support female founders in the greater Houston region.

Together, Workforce Solutions, MassChallenge, and Impact Hub Houston will identify and support female founders looking to start a new high-growth or high-impact startup and support them through the earliest stages of building a business.

“There is unprecedented growth in startup creation as a result of the pandemic and founders from all corners of the world are connecting in this virtual environment to build and scale amazing ideas,” said Jon Nordby, Managing Director of MassChallenge Texas. “With these new collaborations, we are also witnessing a massive gap in access to startup development resources. Our partnership with Workforce Solutions and Impact Hub Houston will help female founders build on their existing knowledge to become life-long innovators. MassChallenge is thrilled to partner with Workforce Solutions to equip bold entrepreneurs, disrupt the status quo, and create meaningful change.”

Grace Rodriguez, CEO/Executive Director of Impact Hub Houston, adds: “As a female founder myself, I’m incredibly excited about this opportunity to support and uplift more women entrepreneurs and women-led businesses in our region. By now, it’s no secret that women, and especially women of color, are under-invested in; and this is our chance to change that by helping more women strengthen their businesses and prepare to seek funding. It makes perfect sense that we’re starting in Houston — one of the most diverse cities in the country and consistently ranked one of the Top Ten cities for women entrepreneurs — and that we’re launching this with our partners at MassChallenge Texas and Workforce Solutions, both of whom have been strong allies in our collaborative mission to empower diverse entrepreneurs and talent.”

“Workforce Solutions is excited to partner with MassChallenge and Impact Hub Houston to bring to life a new bootcamp designed for mission-driven women focused on creating, sustaining, or expanding a business,” said Mike Temple, executive director of Workforce Solutions. “We recognize that small businesses and startups are vital to the continued growth of the local economy. Our goal is to drive a community that will support female leaders in support of entrepreneurial activities that create income and new job opportunities across the greater Houston area.”

The female founder bootcamp leverages MassChallenge’s proven acceleration model and Impact Hub Houston’s inclusive incubation expertise to identify, accelerate, and connect female founders with the resources they need to launch and scale high-impact businesses. The bootcamp is industry agnostic and applications are open to all female founders in the Houston-Galveston region, offering them access to the global MassChallenge and Impact Hub curriculum, workshops, and networks of expert mentors and resources.

Applications to the bootcamp are live April 1 – April 7 and applicants will need to meet the Workforce Solutions eligibility criteria in order to participate.

Applicants can apply by: 

  1. Submitting the pre-screening application by the deadline of 5PM CT on April 7 2021.
  1. If a pre-screening application is approved, a Workforce Solutions staff person will reach out to the applicant to schedule a meeting; a response is needed within 2 business days.
  2. At the conclusion of the assessment the applicant will be asked to complete the Workforce Solutions Financial Aid Application and upload supporting documents; this process must be completed by April 19, 2021.

Twenty-five applicants will be selected to participate in the Women’s Entrepreneur Bootcamp on April 29th and 30th. Content will be available in both English and Spanish.

Questions? Email [email protected]

About Workforce Solutions 

Workforce Solutions is dedicated to keeping the Gulf Coast region a great place to do business, work, and live. Our employer-driven, people-focused approach elevates the economic and human potential of the region to attract and retain the best employers, afford everyone the dignity of a job, and remain indispensable to the global economy. As the public workforce system for Houston and the surrounding 13 counties in Southeast Texas, we work in tandem with the Texas Workforce Commission and the statewide Workforce Solutions network.

About MassChallenge 

MassChallenge is the global network for innovators. Headquartered in the United States with seven locations worldwide, MassChallenge equips bold entrepreneurs to disrupt the status quo and to create meaningful change. Since launching in 2009, more than 2,900 MassChallenge alumni have raised $8.6B in funding, generated $3.6B in revenue, and created more than 186,000 total jobs. Learn more about MassChallenge at masschallenge.org.

About Impact Hub Houston 

About Impact Hub Houston (houston.impacthub.net): Impact Hub Houston is a locally rooted, globally connected, 501c3 nonprofit impact innovation incubator that empowers diverse changemakers to solve some of society’s most pressing issues. A member of the Impact Hub global network — the world’s largest community recognized by the United Nations for accelerating entrepreneurial solutions towards measurable and scalable impact for the Sustainable Development Goals (SDGs) — Impact Hub Houston intentionally designs places, platforms, and programs to build an inclusive innovation ecosystem that looks like Houston and works for all.

About Impact Hub 

About Impact Hub (https://impacthub.net): Impact Hub is a global network focused on building entrepreneurial communities for impact at scale. With 100+ communities of 16,500 social entrepreneurs & innovators in more than 55 countries across five continents, Impact Hub is one of the world’s largest communities and accelerators for positive change. It contributes to the development of social enterprise ecosystems to drive collaboration and innovation around the Sustainable Development Goals through locally rooted Impact Hubs, as well as with partners and allied networks.

Announcing: Frost Bank Sponsors First Accelerate Scholarships for Female Founders at Impact Hub Houston

Announcing: Frost Bank Sponsors First Accelerate Scholarships for Female Founders at Impact Hub Houston

FROST BANK SPONSORS FIRST ACCELERATE SCHOLARSHIPS FOR FEMALE FOUNDERS AT IMPACT HUB HOUSTON

2021 March 18 – Houston, TX – Impact Hub Houston, a nonprofit impact innovation incubator dedicated to helping diverse changemakers and social entrepreneurs launch impact-driven ventures, announces a new partnership with Frost Bank to sponsor eight female founders to participate in their new Accelerate Membership Program.

The first Impact Hub in the United States to provide the global Accelerate Membership program, Impact Hub Houston will work with Frost Bank to select eight women entrepreneurs from applicants across the Greater Houston area to receive the program for three months at no cost to them, ensuring that critical business and financial support goes to diverse entrepreneurs that need it most.

From Solution Diagnostics to Business Model Validation to Funding Readiness, this inaugural cohort will offer women entrepreneurs at any stage of their development journey a step-by-step methodology to rapidly and systematically refine their business model among peers, and gain a deeper understanding of business and financial management while getting their venture ready for pitching to stakeholders and potential funders.

Impact Hub Houston CEO/Executive Director, Grace Rodriguez, shares: “We are passionate about Gender Equality (SDG 5), Reducing Inequalities (SDG 10), and Economic Growth (SDG 8); and want to help women build strong startups that secure the capital they need to succeed and scale. We designed our Accelerate Programs to offer diverse entrepreneurs continuous education, community, and support to develop their ventures, graduate into renowned accelerator programs from our partners like MassChallenge and Greentown Labs, and then return to us to expand into the many markets around the world where Impact Hubs have a presence. We’re so excited that Frost Bank shares this passion for creating impact through supporting diverse entrepreneurs and local businesses; and we look forward to working with them to empower more women onto paths of financial resilience and generational wealth.”

Trisha Bradley, Vice President and Community Development Officer at Frost Bank, states: “Giving back to our communities has been part of the Frost culture since our company was founded more than 150 years ago, and we’re proud to support local women-owned small businesses through our partnership with Impact Hub Houston.”

“At Impact Hub we believe the time to act is now. It’s why we are excited to launch our new Accelerate Membership”, says Maria Trindade, Global Network Development Director at Impact Hub Global. “Its unique approach combines all the benefits of an enterprise support program with the flexibility that entrepreneurs need; plus its tailored nature makes this intervention highly accessible for entrepreneurs from diverse backgrounds who may not be able to dedicate full-time to their business idea.”

To apply for the Frost Bank Female Founder Scholarship, please click here or scroll down to the form below.

###

About Frost (frostbank.com): Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $42.4 billion in assets at Dec. 31, 2020. One of the 50 largest U.S. banks by asset size, Frost provides a full range of banking, investments and insurance services to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped Texans with their financial needs for three centuries.

About Impact Hub Houston (houston.impacthub.net): Impact Hub Houston is a locally rooted, globally connected, 501c3 nonprofit impact innovation incubator that empowers diverse changemakers to solve some of society’s most pressing issues. A member of the Impact Hub global network — the world’s largest community recognized by the United Nations for accelerating entrepreneurial solutions towards measurable and scalable impact for the Sustainable Development Goals (SDGs) — Impact Hub Houston intentionally designs places, platforms, and programs to build an inclusive innovation ecosystem that looks like Houston and works for all.

About Impact Hub (https://impacthub.net): Impact Hub is a global network focused on building entrepreneurial communities for impact at scale. With 100+ communities of 16,500 social entrepreneurs & innovators in more than 55 countries across five continents, Impact Hub is one of the world’s largest communities and accelerators for positive change. It contributes to the development of social enterprise ecosystems to drive collaboration and innovation around the Sustainable Development Goals through locally rooted Impact Hubs, as well as with partners and allied networks.

APPLICATIONS FOR THE FROST BANK SCHOLARSHIP ARE NOW CLOSED. THANK YOU FOR YOUR INTEREST!