Techstars Foundation has selected EforAll Longmont as one of four nonprofit organizations to join its Accelerate Equity program for July to September.
The partnership is intended to amplify the impact of EforAll Longmont by leveraging Techstars’ network of mentors, donors and resources. It will enable the Techstars Foundation “to further its mission to invest in the empowerment of underestimated entrepreneurs throughout the region,’” according to a statement announcing the partnership.
From July 1 through Sept. 30, the Techstars Foundation is raising funds on behalf of EforAll Longmont. At the end of the quarter, the foundation will match 20% of all funds raised to directly support EforAll entrepreneurs in Colorado.
EforAll Longmont is a nonprofit organization that partners with communities nationwide to help under-represented individuals start and grow a business through business training, mentorship and an extended professional support network.
Since the program began in Longmont in 2019, 55 new businesses have participated in EforAll Longmont accelerator programs, with 75% female-owned, 66% BIPOC-owned and 54% immigrant-owned.
The organization began its Spanish-language accelerator program, EparaTodos Longmont, in 2021.