Harvard Business School Alumni Angels of Greater New York (HBSAANY) and The National Association of Investment Companies (NAIC) have launched the Venture Capital Access Program (VCAP©), a collaborative venture designed to bridge the gap between venture capitalists and angel investor networks and women and diverse entrepreneurs.
VCAP© provides women and diverse entrepreneurs nationwide – many of whom have not traditionally had access to these sources of capital – with access to venture capital through accredited investors within the HBSAANY network.
The venture will be operated through NAIC’s subsidiary, The Marathon Foundation, a business development network that supports entrepreneurial growth, access to capital and deal flow.
The program is national, and open to all entrepreneurs and private companies seeking investment capital. There is no registration fee for members of the Marathon Foundation. For non-members of Marathon Foundation, a $500 registration fee is required to join the VCAP© program. VCAP© applicants will be reviewed in a series of screenings conducted by the Marathon VCAP© selection committee, HBSAANY, and NAIC board members.
Finalists will be announced Monday, June 18th and will present their business plans to HBSAANY angel investors at a Pitch Night in New York on Wednesday, June 27th.
Entrepreneurs can apply through Marathon’s website at www.marathonfdn.org.
Led by Founder and Chairman David Teten, who is also Partner at ff Venture Capital, HBSAANY is comprised of New York City tri-state area Harvard alumni who are venture capitalists and other accredited investors investing in early-stage, private companies around the United States. NAIC, which is led by President and CEO Ed Dandridge, is the trade association representing women and diverse private equity and venture firms.