Female Entrepreneurs Pitch Social Enterprises at Empower Change Competition

A group of women-led businesses in metro Detroit went head-to-head in a pitch competition in which they showcased how their companies work to solve  social issues. The Empower Change competition, which is in its second year, is part of an effort to support women entrepreneurs launching and growing social venture enterprises with the chance of winning up to $50,000 in investments. Ten social enterprises pitched their concepts on Wednesday at the event hosted by Detroit-based nonprofit Michigan Women Forward and the Ford Motor Company Fund at Ford Motor Co.’s headquarters in Dearborn.

Mission Throttle congratulates all of the entrepreneurs who participated, in particular the winners, by category:  Ideation — Brittany Rhodes, Black Girl MATHgic; Launch — Gina Adams, Buttons2Button; Growth — Arielle Johnson, FIERCEDetroit; and Idea That Will Change The World — Jeanette Brown, DuttonFarmInc. We are proud to have been a part of this program and to present Dutton Farm with two-half day advisory sessions to accelerate their impact.

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Accelerating Our Community Impact

Mission Throttle’s history reflects a series of collaborations that merge business solutions and philanthropic values to scale social impact for those in need. We know great efforts are required to effectively address our most pressing social issues and we feel truly privileged to serve our clients, and in turn, communities across the Midwest.

Though 2019 is well underway, we are mindful to reflect on the last year and to thank our clients, partners and friends who made our work possible. Without you, we couldn’t have achieved these accomplishments. We hope you’ll continue with us on our journey as we move forward. Our very best wishes to you in this coming year.

The Mission Throttle Team

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Invest for Better: Women Lead the Way

New campaign seeks to mobilize women to change capital markets for the better

Mission Throttle is continually searching for strategies and tools that accelerate philanthropic innovation, including impact investing. More than three years ago, we joined the collaborative efforts of dozens of women investors, donors, and field leaders to help create Invest for Better, a resource to support women across all income levels who want to invest with purpose. Invest for Better, a project of The Philanthropic Initiative, is a campaign that seeks to mobilize women to activate their capital to create positive change in society, and demonstrates additional ways beyond philanthropy that women can use their money to achieve social goals.

It is estimated that American women will control $22 trillion in capital by 2020, and while research shows that women are highly interested in impact investing, only a small percentage are actually doing it. As women control increasing amounts of wealth and impact investing becomes a mainstream investment strategy, women’s voices are more critical to the social impact sector than ever.

Women’s leadership drives commerce, politics, activism and culture. But when it comes to our finances—taking full ownership of our investment choices, bringing our values to the fore of financial decision-making—we still have a ways to go. Men still make the majority of household investment decisions.

We believe that through thoughtful, purposeful investing, women can amplify their voices and lead in developing the impact investing field at large. We are honored to invest in and push this evolution forward.

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Here’s to Getting Better at Doing Good in 2019

The holidays are a time of year many of us feel propelled by our hearts and compelled to give to those of us who are not as privileged. In 2017 in the U.S., individuals, corporations, and private foundations gave a combined $410 billion to charity; according to Charity Navigator, 31%  of that giving occurred in December and 12%  in the last 3 days of the year. A tremendous amount of charitable support by any standards! Yet, the truth is that these funds (driven by good intentions) are often tied to economic cycles and tax policy, and too unstable or insufficient to meet our community’s needs.

For for a sector of our economy where we spent $410 billion last year, the question of how to do good in the world still seems under-discussed. Let’s make a resolution in the upcoming New Year to use our hearts and minds, and not only talk about doing good, but how to become better at doing good. Mission Throttle estimates the total amount of capital needed to fund our country’s social needs annually exceeds $3 trillion. I encourage you to continually learn about and seek out tools that help fill this critical gap. Whether you are an individual seeking to make an impact investment into a social enterprise that generates its own revenue, or a foundation curious about investing in capacity building to provide mission-driven organizations with critical infrastructure support, you are in good company among the many who are already pushing the envelope and seeking sustainable ways to fund social impact.

Ultimately, making the world a better place requires not only generosity, but a dedication to gain a better understanding of the problems we are trying to solve, and to constantly evolve the tools needed to give everyone a chance to succeed.

Have a blessed holiday season,

 

Phillip

Mission Throttle Awards Derq $20,000 Prize for Social Impact at Accelerate Michigan Innovation Competition

Mission Throttle today announced Derq as the recipient of the $20,000 Prize for Social Impact at Accelerate Michigan’s ninth annual Innovation Competition. Sponsors awarded a total of $1 million in cash and in-kind prizes to eight innovative startups that were selected from 24 semi-finalists. Nearly 400 top investors, entrepreneurs and community leaders attended the event.

Derq is a Dubai & Detroit based MIT spin-off and Techstars alum with a mission to eliminate road accidents and save lives by using artificial intelligence. Derq can predict and prevent car accidents before anyone else on the road.

“Derq exists to make roads safer and to reduce the 1.25M lives lost due to crashes each year. A huge thank you to Mission Throttle for naming Derq as the first ever AccelerateMichigan Social Impact prize winner, and for recognizing our commitment to helping achieve ‘VisionZero!'” — Derq

Accelerate Michigan enables entrepreneurs to showcase their companies and meet one-on-one with fellow entrepreneurs, investors, business acceleration resources, and experts in their specific sector during carefully curated meetings. Since its launch in 2010, grand prize awardees of Accelerate Michigan have hired over a 1,000 people and attracted more than $650 million in additional investment.

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Mission Throttle Featured at National Minority Supplier Development Council Conference

The NMSDC Conference and Business Opportunity Fair is the nation’s premier forum on minority supplier development. For four days in mid-October, more than 6,000 corporate CEOs, procurement executives and supplier diversity professionals from top multinational companies, as well as leading Asian, Black, Hispanic and Native American business owners convened in Austin, TX. Susan Gordon, Managing Director of Mission Throttle, presented Using Profit To Fund Purpose – The Importance of Diversified Funding Strategies and Creating Operational Excellence.

Susan’s remarks focused on how  mission-driven organizations and funders can work together to develop sustainable business models that withstand fluctuations in donative capital and included:

  • Why foundations and other funders are are seeking new ways to strengthen the infrastructure of the mission-driven organizations they support.
  • Ways entrepreneurs, investors, foundations, mission-driven organizations and intermediaries are embracing new, more sustainable strategies that promote the financial sustainability, growth and scale of mission-driven organizations.
  • How mission-driven organizations are uniquely positioned to deliver high-impact social change that exponentially improves lives.

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Michigan Women Forward offers $10 million to support women entrepreneurs

Mission Throttle is honored to have worked with Michigan Women Forward for the past two years to provide the research, analysis, and strategy to support the launch of  Community Impact Notes. We are thrilled to have been a part of this important program that will provide critical operational and financial resources necessary to accelerate women-owned businesses. Mission Throttle is committed to creating sustainable, replicable solutions to complex problems. It is our hope that this model will not only benefit women-owned businesses in the city of Detroit, but throughout State of Michigan. 


Detroit-based nonprofit Michigan Women Forward will offer $10 million in community impact notes to support Michigan’s women entrepreneurs. The $10 million Michigan Women Forward Community Impact Note offering is modeled after a similar program the Maryland-based Calvert Impact Capital Inc. offers to fund microloans, or make loans for buildings such as schools or affordable housing, Cassin said.

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Focus: HOPE develops half-century strategic plan

Working with nonprofit consultancy and investment firm Mission Throttle, Anthony said, Focus: Hope developed a strong strategic plan to assure it can stabilize the benefits of the restructuring process and build a future that is “measurable, impactful and consistent with its mission and new vision of empowerment and education.” While the nonprofit has been focused on programs for many years, Anthony said they also need to look at other issues that affect area residents.

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