Young black professional woman sitting at a desk

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Limited access to private equity and debt financing remain persistent factors which inhibit both the creation and growth of businesses within minority communities and among women.

Addressing their needs is the Minority Venture Partners (MVP) Accelerator Inc., a not-for-profit startup program for commercializing digital, social, and mobile innovations developed by minority and women entrepreneurs. MVP was co-founded and launched by Vanguarde Consulting Group, a Venture-in-Residence firm at the New York Institute of Technology’s Center for Entrepreneurial Studies. MVP is one of five regional winners of the 2015-2016 U.S. Small Business Administration Growth Accelerator Fund Competition.

[Related: Angels and Unicorns: Black Women-Owned Businesses Grow But Raise Very Little Seed Money]

Partnering with the New York Institute of Technology’s School of Management, the MVP Accelerator provides a collaborative environment where individuals can be mentored by faculty, seasoned

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Source: Black Enterprise » Small Business