This EDA investment funds the forge north angel activation campaign project, to help establish a startup coalition for the greater minneapolis-saint paul region, which will lead a public campaign to…
Ended Project Grant Awarded
- Award ID
- ED22HDQ0240137
- Recipient
-
Minneapolis-St. Paul Regional Economic Development Partnership UEI KMWHDESKQET5
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $601,226
Award facts
- Assistance listing
- 11.024 BUILD TO SCALE
- Completion date
- Funding
-
- $300,000.00 Federal
- $301,226.00 Non-federal
- Place of performance
- St Paul, MN 55101, USA
Award details come from USAspending.gov.
Description
This EDA investment funds the forge north angel activation campaign project, to help establish a startup coalition for the greater minneapolis-saint paul region, which will lead a public campaign to recruit 200 high-net-worth minnesotans to become active angel investors through a three track approach that intends to recruit 1,000 prospects. The project will help all new prospects to access the region's new angel activation hub on-demand, featuring video and written content, testimonials, and advice from experienced angel investors of all backgrounds. In addition, 500 prospects will attend events such as "angel fest," the state's premier event for angel investors, designed to deepen education and expand networks. Finally, 50 prospects from underrepresented groups in angel investing - including black, latinx, indigenous, and women angels - will have access to cohort-based, peer-to-peer learning experiences that go even deeper to establish knowledge and strengthen relationships, enabling prospective investors to move at an intentional pace with a culturally specific approach. Once implemented, about 200 newly trained angel investors will help transform the region's startup ecosystem, increasing the availability of early-stage capital for scalable startups while advancing racial and gender equity.
Quick answers
Who received award ED22HDQ0240137?
ED22HDQ0240137 was awarded to Minneapolis-St. Paul Regional Economic Development Partnership by Economic Development Administration (Department of Commerce) on September 21, 2022.
How much is award ED22HDQ0240137 worth?
$601,226 has been obligated on ED22HDQ0240137: $300,000 in federal funding and $301,226 in non-federal funding.
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