Minority Venture Partners (MVP) Accelerator Inc., a not-for-profit startup program for commercializing digital, social, and mobile innovations developed by minority and women entrepreneurs announced today its formal organization resulting from the receipt of its 501(c)-3 charitable status from the Internal Revenue Service.
One of five regional winners of the 2015-2016 US Small Business Administration Growth Accelerator Fund Competition, MVP was co-founded and launched by Vanguarde Consulting Group, a Venture-in-Residence firm at the New York Institute of Technology’s Center for Entrepreneurial Studies, and leading provider of entrepreneurial training, events, and strategy solutions for small business acceleration throughout New York City.
“In the current environment, trends in digital, social, and mobile technologies make MVP’s accelerator focus extremely meaningful,” said D. Bernard Webster Managing Partner at MVP and Vanguarde. “MVP’s first class includes (4) companies currently pioneering technologies that uniquely support the advertising industry. Each firm has already introduced minimum viable product to market; and combined have total revenues of more than a $1,000,000.”
He continues, “MVP Accelerator is committed to generating funding to invest growth capital into more than 90 companies over the next four years.”
Upon completion of the accelerator program, companies will also be able to leverage the broad partner network of the NY Private Equity Forums (NYPEF) which boasts over 3,000 successful entrepreneurs, mentors, investors, and corporate partners.