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Rose Crop New England Venture Capital Association


Ms. Rose Crop ( in photo ) is the director of the New England Venture Capital Association. NEVCA creates connections between entrepreneurs and investors. If you don't need $500,000 or more, don't go to Rose at www.newenglandvc.org. I point to other sources of funding here that provide up to $5,000, but no more.



Venture Capital Angel Networks

Business enterprises are offered a How to Raise Capital Workshops ($30) run by Boston angel investors and the Capital Network. Sign-up for a June workshop. This is friendly advice, we earn no commission. AboutBlackBoston Online readers are the most loyal internet users around. Our readers look to support Black-owned businesses.

"I need a woman of color owned cleaning company to come in 5 days a week and service a 2500 square foot professional office with employees," said a buyer, in one of many request for referrals.

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Accelerators, Angels and Incubators who are local

targets Boston minorities / underserved

  • Epicenter Community. The Accelerate Program is the investor wing. The group formerly knowns as FUTURE BOSTON is focused on LOCAL creative ideas rather than billion dollar disrupters-to-be. EPICENTER invests in music, fashion, restaurants, DJ, Hip-Hop, food trucks and more.

  • Smarter in the City, When Mayor Menino / Walsh funded redevelopment of Dudley Square, public discouse about innovation districts began to slide towards the hood. Cambridge's Kendall Square and the Seaport's Innovation District had started it, now attention was turning to DUDLEY SQUARE. Smarter-in-the-City became the first ( or second to Future Boston ) accelerator to target Roxbury residents who wanted to start a company in the hood that would create jobs for Roxbury. SMITC was born, brought over by a creative, connected entrepreneur from MIT.

  • Masschallenge global accelerator. Powered by the Boston Foundation and institutional investors, MassChallenge applicants are domestic and international entrepreneurs. From its home in the Seaport Innovation District, Masschallenge provides office space, a marketplace, big cash prizes and expertise to startup founders.
  • Investors for Common Good

  • The @UjimaBoston Project is a Roxbury-based group of community residents who raised a bucket of loot from ordinary citizens. They give small and very small startups from the neighborhood startup capital. visit ujimaboston.com

  • The Boston Impact Initiative provides a mix of funding and grants to companies growing up in urban Boston that have a stake in that community, are growing and have hired employees who live in the neighborhood. bostonimpact.com

  • Boston Community Capital supports foreclosure relief. bostoncommunitycapital.org

  • Partners for Common Good bases its loans on the borrowers capabilities and its connection to the community. pcgloanfund.org

  • National Grass Roots Investors


  • NewMe Accelerator became the first widely recognized black-owned startup funding engine for new entrepreneurs when CNN profiled their work. You can get the training online or you can apply for a NewMe residency.

  • People of Color in Tech is a West Coast group that interfaces with Silicon Valley area startups and high tech firms. Follow them and they'll lead you to the some money.

  • The Black Founders Group was co-founded by Monique Woodward who began targeting Blacks and Latinos with $$ millions from 500 Startups.

  • 500 Startups funded BLAVITY.COM.

  • 1,500 angel investors are associated with Massachusetts - click


  • Investors for Women-owned startups

  • Pipeline Fellowship

  • 37 Angels - my Moringa supplier was very successful here


  • Any Questions? Go Feedback


    Contracts and Certification

    Minority Business Development News and Resources


    Certifications and low cost legal help


    mbda.gov/businesscenters/boston

    The Minority Business Development Agency Boston is a Federal Department with offices in Copley Square who advocate for Boston minority businesses. The MBDA targets firms with annual revenues of over $1,000,000 or are on track for rapid growth.

    Boston's minority business corporate-driven procurement community relies on minority business certification when making vendor and contract decisions. While getting certified is not required, it is recommended and the large procurement officers in corporations, schools, hospitals and tech companies are going to look for it in your firm's profile. Certification is FREE when performed by local, state of federal certifying authorities. MBE WBE PBE Minority Business Certification is offer for a fee beginning at $300 and up by several non-profit organizations serving the New England Region.

    Certifications are performed by the State of Mass, City of Boston, the Greater New England Minority Supplier Development Council, the Federal Government.

    Boston based organizations such as BECMA - the Black Economic Council of Massachusetts, the Collette Phillips Global Agency, The Boston Chamber of Commerce and Color Magazine hold events designed to help companies meet c-suite influencers: CEOS, Chief Diversity Officers, Presidents and Vice-Presidents, who champion diversity and service contracts with minority-owned businesses.

    The Greater New England Minority Supplier Development Council
    gnemsdc.org


    The GNEMSDC is an effective, certifying minority enterprise development agency. The GNEMSDC connects large corporate buyers with minority business owners and sellers via hosted meetings, briefings and funtions. We've attended GNEMSDC events held with the Boston Red Soz, North Eastern University and Boston Scientific and found them to be effective at expanding your business.

    Massachusetts SDO - Supplier Diversity Office
    mass.gov/sdo


    The Massachusetts Supplier Diversity Office investigates and certifies companies for the state MBE, WBE, M/WBE certification program. These certified MBEs and WBEs participate as vendors, contractors, and professional service providers to the state of Massachusetts and their certification is honored at the state's largest corporations and institutions. Most contracts and purchase orders from governnment offices have minority business participation language.




    5 Ways to get funding nobody talks about

    1. Buy Lottery Game Tickets until you win big enough.

    2. Make something out of thin air that cost practically zero and sell it.

    3. Rather than ask crowdfunders for donations, sell crowdfunders something.

    4. Ask a customer to pay in advance.

    5. Ask your customer for funding


    Great companies to know

    construction management - JANEY COMPANY


    A black-owned OPM or owners project manager specializing in building construction and managing projects from soup to nuts. Their impressive portfolio has that WOW factor. JANEY COMPANY recently built and opend a new Teen Center in Mattapan. The firm has erected structures for NorthEastern University, Whittier Health Clinic, Mattapan Community Health buildings, hotels, office parks and more. Call JANEY at (617) 267-6200. view their impressive portfolio online at www.janeyco.com.


    CPA Accounting - Sambookolo, CPA

    A black-owned professional accounting and CPA licensed firm lead by principals who do the work and sign off on your financials. They are representing for profits, non profits, individuals with tax return needs and corporations. Sambookolo and Associates CPA LLC is an expert auditing firm and conducts contract compliance auditing and other forms of sophisticated auditing for Fortune 1000 sized firms. Learn more online at www.sambookolo.com


    Business History:

    The printed edition of The Black Pages of New England directory was an important Boston area Yellow Pages style directory of businesses in a print format ( 1990 - 2008), that made it simple to shop with black-owned businesses in New England. Affectionately, known as The Black Pages (BPO), it was a platform for small and large Black-owned companies to be seen, and for regional corporations to make their brands known to readers of the book.

    In March of 2017 the founder announced the new online edition of The BlackPagesOnline.com on the radio station TouchFM 106.1 of Grove Hall, Roxbury.

    During the show the founder said "when the BlackPages began in the 90's, the organization reached out to others across the United States about providing Black-Owned business listings in other cities and regions." Now there are Blackpage editions all over the country so make sure you add the word online when searching for the made-in-Massachusetts version of The Black Pages.

    The Negro Motorist Green Book, (1936-1964) was a model Black business directory in print that became the bible of travel for Black motorists. Made by a mailman and published when society separated Blacks from whites at drinking fountains, bathrooms, housing and public establishments, the Green Book provided Blacks with places to eat, stay and buy from that welcomed them. Over 50 locations were in Massachusetts at the time. The Green Book covered much of North America, including most of the United States and parts of Canada, Mexico, the Caribbean, and Bermuda.


    Boston by the Numbers

    Black Business Article Feature

    AboutBlackBoston.com examined the Marley Coffee company and explains how "JAMN JAVA, Inc." leveraged the Bob Marley name brand, coffee and the social value of organic sustainability to build a business and extend a legend.

    Read our Marley Coffee article.



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