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    Date submitted
  • 29-Sep-2017

Black Female Founders (#BFF)

Abstract

Black Female Founders (#BFF) is a global membership organization and community whose mission is to provide awareness, support, resources and a platform for Black female tech entrepreneurs and leaders.

Additional Questions

Who is your customer?

Black female tech entrepreneurs and leaders.

What problem does this idea/product solve or what market need does it serve?

#BFF provides and much needed community, resources, and support for Black female tech entrepreneurs and leaders..

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Black female founders receive almost zero percent of funding for their startups compared to their Black, White and Asian male and female counterparts. Formed more than a year ago, #BFF has quickly retained 2,000+ members internationally. We have initiated our programming in the DC area due to the need and opportunities for women of color. We recently launched and completed our inaugural #BFF Labs program, an 8-week pre-accelerator program where 10+ #BFFs learned from expert instructors, receive mentorship from experienced entrepreneurs, and advance their business from idea to implementation. #BFF recognizes that pre-acceleration for women of color is a critical resource.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

#BFF Labs is an 8-week period pre-accelerator program for aspiring early-stage entrepreneurs. The program is focused on women entrepreneurs with a business that is at idea stage or in the early stages of implementation. After completing our first cohort, we realize the value of this program in terms of building confidence, social capital, and community. We are currently expanding the program into other markets to increase the number of participants, fill the tech pipeline with more investment-ready businesses, and expand the global community of Black Female entrepreneurs. #BFF was founded in 2016 by Sibyl Edwards, Xina Eiland, Erin Horne McKinney, and Melissa Bradley. The organization evolved out of our recognition that there was a big gap in the entrepreneurial ecosystem and women of color were being marginalized. #BFF is run by four Black women who are entrepreneurs with extensive experience in tech, finance, business, and entrepreneurship.