Raynier Seed Fund
Up to four investments of $25,000 will be made three times per year
The Raynier Institute & Foundation, a Seattle-based philanthropic organization with Philadelphia roots, has partnered with Drexel University and the University City Science Center to improve access to capital for underrepresented entrepreneurs in the Greater Philadelphia region.
“Inequity around access to capital is well-documented,” said Shintaro Kaido, Vice Provost for Innovation and Executive Director of Drexel Applied Innovation, who will be one of the administrators of the Raynier Seed Fund. “This seed fund, made possible by the Raynier Institute and Foundation to assist underrepresented founders, will be a great asset for Philadelphia to help increase the diversity of its innovation and entrepreneurship ecosystem.”