NewSchools Venture Fund: Diverse LeadersDeadline: September 16, 2016
The strategy of NewSchool Venture Fund’s Diverse Leaders program is focused on closing the racial and ethnic demographic gap between education leadership and students. It aspires to increase the number of Black and Latino founders and CEOs, senior leadership team members, and board members to represent at least 30% of all education leadership by 2020. To achieve this goal, it will:
- Invest directly in entrepreneurs focused on diversifying education senior leadership and ensure diversity goals are met across its portfolio
- Catalyze the field of donors, entrepreneurs, and partners to build interest in diversifying education leadership
- 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 senior leadership in education. Ideas may include efforts to attract, recruit, develop, retain, and/or place diverse senior leaders, among many others. All ventures must align with NewSchools’ diligence and 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/
While the Fund prioritizes investing in early-stage ventures (0 to 2 years of development), it will also consider investing in existing organizations launching new initiatives. Entrepreneurs it funds typically have a fleshed out idea or concept. Most will have conducted some market research, developed a preliminary strategy, and/or launched pilots.
Amount: Investments range from $50,000-$150,000, depending on the stage of the organization or idea.
Eligibility: The program is open to entrepreneurs. Given the focus of the program, Black and Latino entrepreneurs are encouraged to participate.