MentorWorks aims to make higher education and technical training more accessible through income share agreements (ISAs). In partnership with different universities and community colleges, MentorWorks provides both income-share based education financing and career mentorship, the first platform to do so. In addition to expanding access to higher education, MentorWorks models inclusive ownership. 50% of the business is owned by people of color, and employees have equity in the company.
In 2020, BII invested in MentorWorks through a special funding vehicle (SPV), along with ECMC Foundation, enabling Mentorworks to fund the higher education of students, primarily of color, who are attending community colleges or enrolled in technical training programs in Boston.