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Kristy Jackson from the Center of Innovation and Entrepreneurship (CIE) at Harris-Stowe State University talking about challenges to minority founders

Supporting Minority Entrepreneurs in St. Louis

Mary and Kristy discussed the challenges minority founders face, including funding gaps, knowledge gaps, and a lack of mentorship and sponsorship. Kristy, as the Executive Director of the Center of Innovation and Entrepreneurship at Harris Stowe State University, highlighted their entrepreneurship program's efforts to address these issues by providing resources and support to St. Louis entrepreneurs. They also mentioned Kristy's personal experience as an entrepreneur and her involvement in creating a co-working space in St. Louis.

Challenges for African American Entrepreneurs

Kristy discussed the challenges African American entrepreneurs face, including access to capital, business plan development, and financial statement management. She emphasized the importance of market validation, mentorship, and having both industry-specific and diverse mentors to support business growth. While resources like Small Business Development Centers and SCORE can be valuable, Kristy noted that early-stage entrepreneurs might find them intimidating and suggested that culturally aligned mentors can be more beneficial.

Entrepreneurial Mentoring and Incubation Programs

Kristy discussed the challenges and benefits of mentoring early-stage entrepreneurs through SCORE, emphasizing the importance of matching expectations and providing resources. She highlighted the innovation center's programs, including the 24-week Next Level business incubator, which focuses on building trust, community, and business skills. The center offers business coaches, performance coaches, and additional support, such as meals, to help entrepreneurs develop resilience and apply business knowledge to their specific needs.

Entrepreneur Support and Resources Overview

Mary and Kristy discussed the importance of supporting entrepreneurs holistically and shared information about upcoming events and resources.

Culture and Commerce Fair https://hssu-cie.startuptree.co/event/s/fjWFGDcqJSe9hNQB6RzZyq/Culture-and-Commerce%253A-Black-History-Vendor-Fair/19