Empowering LGBTQ+ Entrepreneurs: StartOut and J.P. Morgan Team Up

Empowering LGBTQ+ Entrepreneurs Through Collaboration

In a significant move to foster growth among LGBTQ+ entrepreneurs, StartOut and J.P. Morgan have announced an exciting new cohort for their Growth Lab Accelerator program. This collaboration is designed to create vital pathways for access to funding, mentorship, and networking resources that are essential for business success. The five-month program stands as a strong pillar for entrepreneurs striving to make their mark and transform their innovative ideas into reality.

History of the Growth Lab Accelerator

Since its inception in 2017, the Growth Lab Accelerator has been a beacon of hope for aspiring, LGBTQ+ entrepreneurs. With 93 companies served throughout this journey, the program has successfully contributed to the creation of over 4,200 jobs and raised an impressive $892 million in funding. As a key player in this initiative, J.P. Morgan has provided access to a robust global network, empowering participants with invaluable resources needed for sustainable growth.

Meet the New Cohort

The latest cohort, Cohort 14, exemplifies creativity and commitment. Each startup has been selected not just for their ideas but also for their potential to address various community challenges. Leaders such as David Barbee, Managing Director at J.P. Morgan Commercial Banking, express pride in showcasing entrepreneurs whose innovations are set to drive industry momentum. Barbee states, “The entrepreneurs of Cohort 14 are driving innovation across a variety of industries.”

Highlighting Startups in Cohort 14

Cohort 14 comprises several standout companies changing the landscape of their respective fields:

• ADEii Health: Focused on enhancing behavioral health and mental wellness services within educational institutions and community organizations.
• Delve Deep Learning: Innovating AI solutions for enhanced intelligence in public affairs.
• Gritty in Pink: A digital platform championing female talent in the music industry.
• Paldara Pharmaceuticals: Pioneering innovative drug delivery systems for antibiotic-resistant infections.
• Shimmer: Offering life coaching and wellness support specifically for those with ADHD.
• The Builder Market: Bridging over two million construction professionals through a new social platform.
• The Rave: Introducing digital tools for cash rewards on e-commerce purchases.
• Tripiamo: Enhancing the experience of international travelers with verified local guides.
• Voda: Championing mental health resources tailored for the LGBTQ+ community.

Celebrating Innovation and Growth

Brian Richardson, the CEO of StartOut, emphasizes the importance of this initiative, stating, “Each company in this cohort is united by a shared commitment to promoting equity, enhancing wellness, and fostering innovation.” The partnership with J.P. Morgan, now spanning five years, continues to thrive, nurturing hopeful entrepreneurs as they embark on their unique journeys.

About StartOut and J.P. Morgan

StartOut is not just an organization; it’s a movement established in 2009 to support LGBTQ+ entrepreneurs across the nation. With over 28,000 members, it’s the largest nonprofit dedicated to this cause, aiming for robust economic empowerment within the LGBTQ+ community. Their work includes fostering new entrepreneurship and accessing essential resources for current business owners.

On the other hand, J.P. Morgan Chase & Co. (NYSE: JPM) stands as a titan in financial services. With assets worth $4.1 trillion and a diverse portfolio that includes investment banking and commercial banking, J.P. Morgan is committed to supporting initiatives that enhance community upliftment and inclusivity. The firm’s dedication to the LGBTQ+ community is visible through its support for programs like the Growth Lab Accelerator, highlighting its commitment to social responsibility in business.

Frequently Asked Questions

What is the Growth Lab Accelerator?

The Growth Lab Accelerator is a five-month program designed to support LGBTQ+ entrepreneurs with access to funding, mentorship, and networking opportunities.

How many companies have participated in the Growth Lab since its inception?

Since its launch in 2017, the Growth Lab has helped 93 companies and facilitated the creation of over 4,200 jobs.

Who are some of the startups in Cohort 14?

Cohort 14 includes innovative companies like ADEii Health, Gritty in Pink, and Paldara Pharmaceuticals, among others.

What is StartOut’s mission?

StartOut aims to accelerate the growth of the LGBTQ+ community and drive its economic empowerment, ensuring equal access for all entrepreneurs.

How does J.P. Morgan support LGBTQ+ entrepreneurs?

J.P. Morgan provides resources, mentorship, and access to its vast network to support the growth of LGBTQ+ businesses through programs like the Growth Lab Accelerator.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.