Defy Ventures - Step to the Line

in #business • 7 years ago (edited)

I'm really into the startup/entrepreneurship world.

While running a startup accelerator, tech biz, and VC stuff is fun, I'm also a huge supporter of social change organizations - particularly those that enable under-served populations by teaching entrepreneurship as a path to economic stability.

Defy Ventures is an entrepreneurship, employment, and character development training program for currently and formerly incarcerated men, women, and youth.

Defy Ventures has less than 5% recidivism by the participants in the program - who go on to build awesome business trajectories and pay it back in their communities after release.

Some statistics about their work:

  • Served 3,600+ formerly incarcerated Entrepreneurs-in-Training (EITs) across 24 states
  • Served 1,700+ currently incarcerated EITs across 15 correctional facilities
  • Recidivism for served EITs is less than 5%
  • Financed and incubated over 170 startups founded by EITs, which created 350+ jobs in their communities
  • Disbursed $700,000+ to EIT startups through business pitch competition awards and microloans
  • EITs report an 83% income increase and 95% employment rate within 7 months of enrolling in Defy

I was first introduced to Defy Ventures and their mission at FounderCon 2016, the Techstars global annual conference held in Cincinnati. The mission resonated with me deeply and I love to keep track of what they're doing.

This is the most amazing video of one of their events held at a prison.

Watch the VR 360 video below, learn about their mission. Be in awe. Seriously, the human connection and interaction is amazing.

Follow and support Defy Ventures!

#startups #social-good #life #investment
7 years ago in #business by
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     7 years ago  

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     7 years ago  

    Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
    https://defyventures.org/what-we-do/our-impact/