The grant comes as part of Ohio's Edison Technology Program and will go towards offering coaches and mentors for the 51 startups going through the HCBC. The grant will also help the HCBC manage programs like its morning mentoring and allow HCBC to seek early stage entrepreneurs who need assistance.
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Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of support: to encourage the establishment and growth of businesses that are owned and operated by individuals or groups who are representative of an ethnic minority, women or another minority population; and for individuals or groups who want to establish or expand the operation of a small business enterprise or venture. Also included are programs that protect the interests of small businesses and assure that they receive a fair share of government purchases, contracts, subcontracts and sales of government property. Business Assistance Center Services; Business Incubator Programs; Disadvantaged Business Development; Entrepreneurial Training; Government Contract Procurement Assistance; Minority Business Loans; Minority Owned Business Development; Minority Vendor Certification; Small Business Counseling; SBA Loans; Small Business Administration Loans; Small Business Loans; Women Owned Business Development
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.