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10

Jul

NYC Supports Immigrant Founders through THRIVE Competition

NYCEDC, Deutsche Bank Americas Foundation, And Baruch College Launch Competition THRIVE, A Business Plan Competition to Help Reach Immigrant Ventures And Entrepreneurs

"New York City Economic Development Corporation (NYCEDC), Deutsche Bank Americas Foundation, and Baruch College today launched the Competition To Help Reach Immigrant Ventures and Entrepreneurs (THRIVE). The purpose of Competition THRIVE is to generate proposals which will assist immigrant entrepreneurs to start, operate, and expand their businesses in New York City. All organizations which have ideas of how to facilitate entrepreneurial business and better serve the immigrant community are encouraged to enter a proposal. Organizations will be able to submit their proposals to the competition through August 31, after which a judging panel will select five finalists to receive seed funding of $25,000 to pilot their program. The pilot period will last 6 months after which, the program recognized as the most scalable and sustainable by the panel of judges will be selected as the winner and receive funding of $100,000 to further implement their program.”

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