The angel investor community has an underrepresentation of women and minorities–and TechTown Detroit is stepping up to be a part of the solution.
In fall 2021, the U.S. Economic Development Administration awarded TechTown Detroit $400,000 to administer a three-year program (2021–2024) that will help diversify angel investing across the Great Lakes region. The Catalyst Angel program will help angel investors who identify as Black, Latinx, and/or a woman gain knowledge and maximize their investment strategies, all while adding new capital into the innovation ecosystem.
The program includes curated classes through the Angel Capital Association, virtual meet ups with seasoned investors, free events, and opportunities to mentor startup entrepreneurs with the support of investors-in-residence though the Venturewell ASPIRE program. To be considered for the program, applicants must be accredited investors; have two years or less of investing experience; live in Michigan, Illinois, Indiana, Minnesota, Ohio, or Wisconsin; and identify as Black, Latinx, and/or a woman.