Boom times for equity accelerators

By Alex Halperin
Oct 28, 2021

Despite a good deal of talk about cannabis equity, I’ve still heard very few success stories about thriving businesses owned by people of color. (In the past I’ve discussed why it’s so hard to get this right.) But several accelerator programs aim to catapult equity businesses to success. News of a couple landed this week:

One of the best known, delivery app Eaze‘s Momentum Accelerator is now accepting applications from entrepreneurs of color, veterans and the LGBTQ community for its third cohort. 

  • It’s now open to applicants from all over the country. Successful applicants participate in a 12-week course and receive a $50,000 grant. 

Hyper-acquisitive hydroponics retailer Grow Generation and consultancy Harvest 360 announced an accelerator to help individuals seeking micro-licenses, beginning in New Jersey. 

Chicago-based Gromentum LAB is accepting applications for its accelerator program.