Capital is a major component in running and establishing a business. But often times women, African-Americans, and other entrepreneurs with diverse backgrounds don’t have the access to it. A program was recently launched to help solve that.
The Harvard Business School Alumni Angels of Greater New York and The National Association of Investment Companies have announced the launch of the Venture Capital Access Program (VCAP©), a collaborative venture that provides women and diverse entrepreneurs nationwide with access to venture capital through accredited investors within its network.
VCAP intends to bridge the gap between venture capitalists, angel investor networks and entrepreneurs from diverse backgrounds.
“The $6 trillion annual diverse marketplace represents a significant and often overlooked investment opportunity,” said David Teten, Founder and Chairman of Harvard Business School Alumni Angels of Greater New York, and Partner at ff Venture Capital. “Research has proven that investors who focus in less-contested sectors and who source proprietary investments get superior returns. VCAP provides our members with a pipeline of unique opportunities.”