Hyphen

The Hyphen team is proud to have shepherded the completion of the Initiative for Inclusive Entrepreneurship (IIE) pilot, in collaboration with our implementation partners, funders, state and Tribal SSBCI administrators, and the committed team at the U.S. Department of the Treasury. Together at the June White House roundtable, we celebrated IIE's achievements in building capacity and momentum for expanding capital access for small businesses owned by socially and economically disadvantaged individuals. On July 1, after 18 months of incubation, Hyphen passed the stewardship of IIE to the incredible team at the Milken Institute. Our team will continue to champion this work, and we look forward to seeing IIE increase its impact in the coming years! Funders: Chan Zuckerberg Initiative | MacArthur Foundation | JPMorganChase | Mastercard Center for Inclusive Growth | Nathan Cummings Foundation | Skoll Foundation | Wells Fargo | W.K. Kellogg Foundation Partners: The Aspen Institute Business Ownership Initiative | Founders First Capital Partners | JumpStart Inc. | Mission Driven Finance™ | Next Street | Nowak Metro Finance Lab | Scale Link #smallbusiness #entrepreneurship #SSBCI #SEDE #racialequity #publicprivatepartnerships

In 18 short months, the Initiative for Inclusive Entrepreneurship (IIE), incubated by Hyphen, demonstrated the power of public-private partnerships to leverage and maximize the impact of federal dollars. Read our press release on the results from the pilot phase. When the pilot concludes at the end of this month, Hyphen will transfer stewardship of IIE to the Milken Institute. “We are thrilled to see the Milken Institute take this groundbreaking work forward,” says Archana Sahgal, Founder and President of Hyphen. “Their expertise and convening power will be crucial in supercharging the future of IIE.” https://lnkd.in/grE2ccsY

Hyphen is excited to share this Forbes article by Geri Stengel highlighting the groundbreaking work of the Initiative for Inclusive Entrepreneurship (IIE). During its 18-month pilot phase, which concludes at the end of June, IIE has deployed over $10 million to build capacity and generated more than $177 million in loans, loan matches, grants, and private capital to expand capital access to underserved small businesses, leveraging the U.S. Department of the Treasury’s $10 billion State Small Business Credit Initiative (SSBCI). Huge kudos to our incredible implementation partners: The Aspen Institute’s Business Ownership Initiative, Founders First Capital Partners, JumpStart Inc., Mission Driven Finance™, Next Street, Nowak Metro Finance Lab, and Scale Link. And many thanks to our innovative state SSBCI partners: Affiliated Tribes of Northwest Indians (ATNI), Empire State Development, IBank California, Illinois Department of Commerce and Economic Opportunity, Michigan Economic Development Corporation, NetWork Kansas, New Mexico Economic Development Department, New Mexico Finance Authority Ohio Department of Development.   It has been Hyphen's honor to serve as incubator of this 18-month pilot and work alongside these visionary public, private, and nonprofit organizations. And we are thrilled that the Milken Institute has stepped up to serve as IIE's new home and work with all of you to bring this powerful initiative to the next level. #smallbusinesses #entrepreneurship #SSBCI #SEDI #racialequity #publicprivatepartnerships

Hyphen is excited to share this Forbes article by Geri Stengel highlighting the groundbreaking work of the Initiative for Inclusive Entrepreneurship (IIE). During its 18-month pilot phase, which concludes at the end of June, IIE has deployed over $10 million to build capacity and generated more than $177 million in loans, loan matches, grants, and private capital to expand capital access to underserved small businesses, leveraging the U.S. Department of the Treasury’s $10 billion State Small Business Credit Initiative (SSBCI). Huge kudos to our incredible implementation partners: The Aspen Institute’s Business Ownership Initiative, Founders First Capital Partners, JumpStart Inc., Mission Driven Finance™, Next Street, Nowak Metro Finance Lab, and Scale Link. And many thanks to our innovative state SSBCI partners: Affiliated Tribes of Northwest Indians (ATNI), Empire State Development, IBank California, Illinois Department of Commerce and Economic Opportunity, Michigan Economic Development Corporation, NetWork Kansas, New Mexico Economic Development Department, New Mexico Finance Authority Ohio Department of Development.   It has been Hyphen's honor to serve as incubator of this 18-month pilot and work alongside these visionary public, private, and nonprofit organizations. And we are thrilled that the Milken Institute has stepped up to serve as IIE's new home and work with all of you to bring this powerful initiative to the next level. #smallbusinesses #entrepreneurship #SSBCI #SEDI #racialequity #publicprivatepartnerships

Thrilled to see the pioneering work of aqeela sherrills, the Community Based Public Safety Collective, and fierce community leaders uplifted in The New York Times piece on community-based violence intervention in Baton Rouge. It's a long piece, but we hope you'll take a read and learn more about the powerful work of the Collective in Baton Rouge and other cities across the U.S. https://lnkd.in/gjmMFPxu

Hyphen is proud and excited to be part of two groundbreaking partnerships to boost capital investments in Native communities across the country: The Indigenous Futures Fund led by Mission Driven Finance™ as part of the Initiative for Inclusive Entrepreneurship and the Tribal Community Vision Fund led by Native Americans in Philanthropy. Read more about how these innovative public-private initiatives provide a once-in-a-generation opportunity for the federal government, the capital markets, and philanthropy to join forces to seed systemic change and bring about long-term economic development for Tribal communities in the Inside Philanthropy piece below. Many thanks to the Skoll Foundation and the Doris Duke Foundation for their lead support of these visionary efforts and to the dedicated officials at the U.S. Department of the Interior, U.S. Department of the Treasury, U.S. Department of Commerce, Office of the Comptroller of the Currency, and U.S. Small Business Administration. Archana Sahgal Erik Stegman Lauren Grattan https://lnkd.in/gHqXmGvV

Hyphen is seeking an experienced fundraising consultant to help generate new grants/PRIs/MRIs to turbocharge the Initiative for Inclusive Entrepreneurship's national effort to expand access to capital for small businesses owned by people of color. Please help spread the word and share this RFP. Deadline is Monday, April 8. https://lnkd.in/gz2tSBhM

Hyphen is pleased to be part of @Mastercard #StriveUSA, a small business-focused program that thinks nationally and focuses locally. Their new event series on local small business ecosystems kicks off next week in New York. We look forward to sharing insights from these convenings in the coming weeks.

⬇ Application window closing soon! ⬇ If you’re an emerging fund manager, don't miss the opportunity to be part of GPx's Cohort 5! For this special cohort, IIE.VC and Plexo Foundation have partnered to provide guidance on obtaining SSBCI funding. Applications are open until February 16, 2024. Apply now for Cohort 5! gpx.plexocap.com #GPxCohort5 #PlexoCapitalGPx #IIEVC #FundManagers #VentureCapital cc: Plexo Capital Jennifer P. Hopp Lo Toney chris trinetti Marin Ping

Small businesses are the heartbeat of our economy, and Hyphen is honored to incubate the Initiative for Inclusive Entrepreneurship (IIE). In collaboration with fabulous partners, IIE works to help the #SSBCI program realize its potential as the most significant small business program in U.S. history, transforming $10 billion in federal resources into $100 billion for small businesses, particularly ones owned by people of color. Read more about the cutting-edge work that we and our fellow Mastercard Strive Community grantees are doing to build a robust small business ecosystem.