Collab
Collab is a nonprofit organization founded in 2017 that serves as a community-led accelerator for entrepreneurs in Connecticut, particularly focusing on marginalized communities. The organization aims to create community wealth and address racial and gender wealth inequalities through various support programs and resources.
History
The organization was founded in 2017 as a nonprofit entity aimed at supporting entrepreneurs in Connecticut. It emerged from a need to address economic disparities and promote community wealth through civically activated businesses. Since its inception, the organization has focused on empowering marginalized communities, particularly people of color and women, to combat racial and gender wealth inequalities.
Services
The organization offers a variety of services designed to support entrepreneurs. This includes a 12-session hybrid accelerator program focused on community impact, weekly 1-on-1 coaching, and workshops. Participants receive mentorship, fundraising connections, and technical assistance. Additionally, the organization provides wraparound services such as childcare, transportation, and interpretation to ensure comprehensive support for entrepreneurs.
Programs
The organization runs several specific programs to foster entrepreneurship. The pre-accelerator program consists of a 5-week workshop series that emphasizes self, entrepreneurship, and community. The KNOWNpreneurs Growth Lab focuses on minority-owned businesses in the Greater New Haven Area. The Groundwork program serves as a virtual pre-accelerator, while the Food Business Accelerator is offered in partnership with CitySeed.
Community Impact
The organization aims to create community wealth and livelihoods for families by supporting entrepreneurs from marginalized backgrounds. It prioritizes combating structural racism and economic disparities in the Greater New Haven area. The organization has developed a network of over 100 graduates who advocate for community issues and serve as a coalition for community advocacy.
Sector
The organization operates within the Civic & Social Organization industry. As a nonprofit, it is classified as a very small business with a team size of 10. Its mission aligns with broader efforts to enhance social equity and economic opportunity for underrepresented groups in the entrepreneurial landscape.