REQUEST FOR APPLICATIONS
FY2018 Inclusive Innovation Fund
RFA Release Date: Monday, April 30, 2018
Grant ID#: DMPED–017–IIF–23712
Submission Deadline: Wednesday, May 30, 2018, 6PM EST
Please note that all applications must be submitted electronically. Incomplete applications or those submitted after the deadline will not be accepted.
The Office of the Deputy Mayor for Planning and Economic Development (DMPED) seeks a partner to create a privately managed funding program that invests in early stage, high-growth, DC-based businesses led by underrepresented entrepreneurs, including people of color, women, LGBT individuals, and people with disabilities. These may be technology, technology enabled or non-technology businesses.
The goal is to increase access to investment capital for underrepresented entrepreneurs in DC. The District's top priority is increasing access for underrepresented entrepreneurs who would not otherwise secure the investment capital they need. The secondary priority is to enhance the ability of those underrepresented entrepreneurs who have had success in this regard.
The District has committed seed funding of up to $1.5 million in FY18 to catalyze the creation of the Inclusive Innovation Fund. DMPED seeks an investment professional partner that shares Mayor Bowser's vision for inclusive innovation to build a program that makes a lasting and substantial improvement to the entrepreneurial ecosystem.
DMPED held a question and answer live chat on May 7. Responses to questions submitted are available below. Additional questions should be directed to Latoyia Hampton at [email protected].
Responses to questions submitted - Inlcusive Innovation Fund RFA - Q & A Full Responses
Exchange and Connect
Prospective applicants can share ideas, connect with potential partners, and communicate on the Inclusive Innovation Fund Slack channel. Anyone can join the channel by clicking on this link. Note that DC Government will not be responding to questions about the RFA via the Slack channel.
On February 6, 2018, DMPED issued a Request for Information (RFI), requesting input on the design and approach for the Inclusive Innovation Fund. DMPED received over 30 responses that further helped shape the District’s approach to improving access to capital for underrepresented entrepreneurs leading early stage, high growth companies in DC. See a selection of responses here Inclusive Innovation Fund RFI Select Ideas.
Latoyia Hampton, Grants Manager