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Founded in 2015 by Di-Ann Eisnor and Lupe Fiasco, Neighborhood Start Fund supports startups from underserved areas in North America. The fund launched its pilot program in Brownsville, Brooklyn, and expanded to nine neighborhoods by 2016. It focuses on addressing inequality and lack of diversity in the innovation economy.
Neighborhood Start Fund invests in pre-seed and seed stage startups in the consumer and commerce sectors. The fund emphasizes community ownership and aims to keep investment and economic growth within specific neighborhoods. Entrepreneurs receive access to funding, networks, workshops, mentoring, and resources to support local entrepreneurship.
Notable entrepreneurs supported by Neighborhood Start Fund include Lennie Carter, who developed a digital platform for mental health resources; Quardean Lewis-Allen, creator of a marketplace for discovering subway performers; and Bens Hilaire, who promotes subway performers. Each winner received $5,000 in funding and in-kind services.
Neighborhood Start Fund runs a program that supports entrepreneurs through business pitch competitions, providing funding and resources to help realize their business ideas.
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