Propeller has been awarded the largest grant, $420,000 over two years, from the Kauffman Foundation’s Inclusion Challenge program. The program is specifically designed to support women and minority entrepreneurs.
“Entrepreneurship in America should be available to everyone, yet women and minorities continue to face more obstacles to starting businesses when it comes to accessing funding, education, mentors and markets,” said Victor Hwang, vice president of Entrepreneurship at the Kauffman Foundation
Andrea Chen, executive director of Propeller, wrote a letter announcing the grant. She says the organization will use the grant to capitalize on “the opportunity to go against the current — to lift up a powerful community of diverse entrepreneurs, who will be demographically reflective of the city where they live and dedicated to identifying and correcting the inequities that define it.”
In total, the Kauffman Inclusion Challenge grant program will award $4.3 million across 12 organizations chosen from more than 376 applicants. The grants range from $87,000 to $420,000 over the next two years per grantee.