AIM to honor BII with 2023 Lewis Latimer Award
Associated Industries of Massachusetts (AIM) has chosen BII as the 2023 recipient of the Lewis Latimer Award, which will be presented at […]
Spring 2023 Emerging Fund Manager Program
Apply by April 16 to join our third cohort of Emerging Fund Managers for a four-month program on integrated capital investment to close the racial wealth divide.
Small businesses run by people of color struggle to find financing as VCs’ priorities have shifted away from providing multicultural opportunities
The BII pilot fund, which only focused on Boston-based and Eastern Massachusetts businesses, is expanding, now on its third and largest financing round yet. Francisco said the next available round of funding, amounting to $20 million, will be available with a focus on immigrant populations outside of Boston growing and starting businesses. In Worcester, the fund is looking to build relationships with Latino-owned businesses.
BII named to 2023 ImpactAssets 50 List of Emerging Fund Managers
ImpactAssets, a leading impact investment firm and trailblazer dedicated to changing the trajectory of our planet’s future and improving the lives of all people, has included BII on its 2023 ImpactAssets 50 (IA 50) list of Emerging Fund Managers, which spotlights “newer fund managers to watch that demonstrate potential to create meaningful impact.”
Activate Your Impact: Apply Now for a New Mini-Accelerator by BII & Innovation Studio
Boston Impact Initiative and Innovation Studio have teamed up to offer a four-week Mini-Accelerator designed for small businesses in Massachusetts and Rhode Island that want to start making an impact, or amplify their existing impact.
BII and IFC Strategic Partnership: Diverse Managers Series (March 15, 3:00pm ET)
March 15 at 3:00-4:00pm ET online BII is proud to announce we are partnering with Impact Finance Center, a nonprofit center that identifies, […]
Throw high-tech darts or play arcade classics at Boston’s first Latino-owned brewery
Roundhead Brewing, a BII portfolio company and Boston’s first Latino-owned brewery, was featured on WCVB’s Chronicle. Fun flies through the air at Flight Club in Boston’s Seaport neighborhood. Guests can choose from six unique social dart games to play with friends, and no one has to worry about keeping score, because the high-tech board does it for you.
ICIC’s Asian Business Training & Mentorship Program (February 16, 3:00PM ET)
February 16 at 3:00pm ET on Zoom Inner City Capital Connections cordially invite you to attend the ABTM Information Session to learn about […]
BII and Impact Finance Center team up to highlight emerging fund managers
It’s a known fact that investment firms owned and run by women and people of color manage only a small proportion of […]
For Betty Francisco, new startup fund puts money with disadvantaged entrepreneurs
BII’s first fund placed some $7 million with about 50 businesses. Francisco recently launched the second fund, aiming to raise $20 million to support entrepreneurs of color and community-governed real estate; so far, BII has raised about $3 million. Both of these funds are debt funds in which investors receive promissory notes rather than stock, and BII invests both debt and equity into the startups that benefit. Investments in the new fund can range from $1,000 to $25,000 for people with ordinary means, and from $10,000 to $3 million for accredited investors and philanthropies.
Business panel discusses race, equity priorities for Boston in 2023
Panelists, including BII CEO, Betty Francisco, at a Boston Business Journal event on Thursday spelled out priorities for the year ahead, as […]
$20 millones serán invertidos en emprendimientos latinos en Massachusetts
Boston Impact, la entidad financiera sin fines de lucro que invierte con el principal objetivo de buscar equilibrio racial en la repartición […]