(Washington, DC) – On Monday, December 16 at 11 am, Mayor Muriel Bowser will launch the $26 million DC Venture Capital Fund, a program led by the Deputy Mayor for Planning and Economic Development (DMPED) and funded through the U.S. Treasury’s State Small Business Credit Initiative (SSBCI).
The fund will support DC-based tech companies, prioritizing underrepresented founders. K Street Capital (KSC), a woman-led, DC-based venture capital firm, was selected to oversee 5-7 fund managers who will allocate SSBCI dollars to early-stage tech companies. DMPED will oversee KSC’s administration of the program.
The initiative is a critical component of the District’s strategy to grow the tech industry and achieve the goals outlined in the Comeback Plan, including the creation of 35,000 new jobs in high-growth sectors.
When:
Monday, December 16 at 11 am
Who:
Mayor Muriel Bowser
Nina Albert, Deputy Mayor for Planning and Economic Development
Paige Soya, Managing Partner, K Street Capital
Jessica Milano, Chief Program Officer, U.S Department of the Treasury
Kiran Bhatraju, Founder & CEO, Arcadia
John Wallace, Co-Founder, Workbox
Where:
Workbox
1333 New Hampshire Avenue NW
*Closest Metro: DuPont Circle*
*Closest Bikeshare: Massachusetts Avenue & Dupont Circle NW*
Press interested in attending the event are asked to RSVP to [email protected].
The DC Office of Cable Television, Film, Music, and Entertainment will provide a live feed of this event. To view the event, visit mayor.dc.gov/live, tune in on Channel 16 (DCN), or watch on Mayor Bowser’s Facebook or X.
Mayor Bowser X: @MayorBowser
Mayor Bowser Instagram: @Mayor_Bowser
Mayor Bowser Facebook: facebook.com/MayorMurielBowser
Mayor Bowser YouTube: https://www.bit.ly/eomvideos