NewSchools Venture Fund: Diverse Leaders
The NewSchools Venture Fund’s Diverse Leaders program is focused on advancing Black and Latino leadership in education. The goal is for Black and Latino leaders to represent at least 40 percent of PreK-12 education leadership by 2020. To achieve this goal, the program will:
- Invest in entrepreneurs with bold ideas to diversify education leadership
- Influence entrepreneurs, funders, and partners to prioritize diversity, equity, and inclusion
- Reinforce commitment to diversity across NewSchools to ensure it is well equipped to deliver on the defined goals
The Diverse Leaders program will support entrepreneurs with ambitious ideas focused on advancing Black and Latino leadership in education. Ideas may include efforts to recruit, place, develop, and retain diverse leaders in a range of education roles. NewSchools is interested in ideas that will have field-level impact over time. All ventures must align with NewSchools’ overarching investment criteria, including focusing on underserved students, aligning with active investment strategies, and supporting entrepreneurs in early stages of ideas with potential to dramatically improve student learning, and supporting existing ventures led by mission-driven entrepreneurs who demonstrate passion, personal integrity, and the ability to execute and get results. See detailed background about investment criteria at: http://www.newschools.org/about-us/our-model/core-investment-criteria/.
Investments are prioritized for early-stage ventures (0 to 2 years of development). Investments in new initiatives at existing organizations are also considered, but only for diversity-related initiatives that are truly new and untried, not for incremental improvements to current work.
Amount: Support is provided in three key areas:
- Financial support: Grants range from $50,000-$150,000, depending on the stage of the organization or idea. After one year, ventures will become eligible for additional support.
- Community of practice: Opportunities to build relationships and learn with other Diverse Leaders ventures, including at NewSchools Summit.
- Management assistance: Access to coaching and support from New Schools’ team and external experts
Eligibility: The program is open to entrepreneurs. Given the focus of the program, Black and Latino entrepreneurs are encouraged to participate.
Note: An informational webinar will be held on on August 21, 2017.
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