Mayor Bowser To Launch $26 Million DC Venture Capital Fund
Mayor Bowser To Launch $26 Million DC Venture Capital Fund . (MENAFN - EIN Presswire) 
 
(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 ...
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(MENAFN- EIN Presswire) (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 href="" dc/liv , 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/MayorMurielBowser

Mayor Bowser YouTube:

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2024-12-15
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(MENAFN - EIN Presswire) 
 
(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 ...
Mayor Bowser To Launch $26 Million DC Venture Capital Fund