Institute for Entrepreneurial Leadership hosts 2nd Annual Women of Color Connecting Summit

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Institute for Entrepreneurial Leadership Inc. photo
Urban News Staff Reports

The Institute for Entrepreneurial Leadership (IFEL) hosted its 2nd Annual Women of Color Connecting Summit at the Newark Liberty International Airport Marriott Hotel on Feb. 13. The mission of the Women of Color Connecting (WOCCON) initiative is to eradicate the long-standing systemic barriers that Women of Color entrepreneurs face.

This year, IFEL hosted an Introduction to Angel Investing workshop the evening before the Summit. This event was presented by the Institute for Entrepreneurial Leadership with support from Golden Seeds, New Jersey Economic Development Authority, and Portfolia.

"Access to capital is a legacy challenge with roots deep in our American history. While we have more small business support resources than ever, capital constraint remains a defining problem for the majority of Women of Color entrepreneurs. It's time we take a new approach," siad Jill Johnson, IFEL Co-founder and CEO. "Angel Inclusion is a campaign to create awareness among women and people of color about the important role of angel investors and how to get involved. Our goal is to open doors to early-stage capital for a broader spectrum of entrepreneurs."

Participants hadan opportunity to hear from and meet local angel investors.

"Angel investing is a channel through which women and people of color can create a seat for themselves at the table," Johnson said.

IFEL was founded in 2002, is an independent, not-for-profit organization located in Newark that supports economic development through entrepreneurship. The organization is made up of experts in creating and implementing economic development and entrepreneurial inclusion programming for corporate, government, and institutional partners. For more information about IFEL, visit www.weareifel.org.

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