ICA Fund accelerates great businesses through mentoring and investments to close the racial and gender wealth gaps.
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Since 2012 we’ve accelerated 129 Bay Area businesses and invested over $12M with 84¢ of every dollar going to women or people of color.
These founders are on their way to growing community-serving businesses that create good jobs and a thriving local economy.
We’re continuing to work our 5-year strategy to raise and deploy $25 million by 2027 to grow Bay Area businesses and close the gender and racial wealth gaps.
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In 2023, companies in the Lab saw an average of
42% year-over
-year growth.
100% of companies in the Lab are run by women or people of color.
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Low-cost, flexible capital is often not available to early-stage founders, outside of a ‘friends and family round,’ which are less accessible to Black, Brown, and other people of color due to lower levels of generational wealth caused by systemic inequality.
At ICA, companies become eligible to apply for equity investment from the ICA Seed Fund after graduating from the Lab. This type of capital is critical for underrepresented founders and — paired with ICA’s ongoing supportive services — helps founders get their businesses off the ground at a critical juncture.
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$1.2M deployed to early-stage businesses from the ICA Seed Fund since 2021.
100% of every dollar went to businesses run by women or people of color.
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In 2023, Accelerator companies saw a average of 35% year-over-year growth.
88% of Accelerator companies are run by women or people of color.
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Our funding approach helps entrepreneurs to prioritize creating good jobs, workforce diversity, and employee wealth as they grow. ICA minimizes our ownership stake, so founders can continue to grow their business for community social impact.
In 2023, ICA portfolio companies retained 1010 jobs with an average wage of $24.73/hour.
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Download Our Impact Report PDFs
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Help accelerate great Bay Area businesses and create wealth in our community.
Put a business pro in your corner. Get 1:1 business advising to address your specific business through access to the Bay Area’s most experienced and engaged advisors.
Your experience is invaluable. At ICA, our advisors play a pivotal role in supporting our clients’ growth, help spark local innovation, and give back to the community in powerful ways.
The businesses in which ICA invests are successful companies committed to growth, good jobs, and wealth creation and with your help they are poised for long-term success.
Sign-up for the ICA Fund Newsletter to know when program applications open, meet ICA companies, and learn about our unique impact investing practice
info@ica.fund
(510) 271-0142
ICA Fund
1714 Franklin St.
#100-174
Oakland, CA 94612
Visit
2044 Franklin Street,
Oakland, CA 94612
47-0898054 © 2020 ICA. ALL RIGHTS RESERVED
