A new crowdfunding platform geared towards the black community was launched by Nathan Bennett-Fleming. “BlackStartup” is the new “Kickstarter” for the black community.
BlackStartup debuted a crowdfunding platform today that features projects and ideas benefitting the African-American community.
“Access to capital is a bigger problem in the African-American community than in non-minority communities,” said founder Nathan Bennett-Fleming in an interview with VentureBeat. “Crowdfunding is a powerful solution to address its unique set of challenges. I want to promote the idea of community reinvestment and provide people with a dedicated way to not only achieve innovation within the space, but also address social systemic problems.”
BlackStartup recently won the Yale Entrepreneurial Institute’s Fellowship, which invokes $20,000 in seed capital, an elite mentor, and a 10 week business boot camp in New Haven, Connecticut. Bennet-Fleming said his ultimate goal is to provide a funding solution that extends to all marginalized communities on a local and national level, to help them overcome obstacles attracting capital. BlackStartup is based in Washington, DC. Source