Reno has become an incubator for ambitious entrepreneurs. The City of Reno recognizes the positive impact entrepreneurs and their great ideas have on our economy, culture and community. This is why City Council approved a $200,000 fund that is financed through part of the City’s annual allocation of U.S. Department of Housing and Urban Development community development block grants.
Funded by the City of Reno and managed by Newbean Capital and EDAWN, the Reno Accelerator Fund is a pilot project that makes investments in Reno’s most promising early stage startups. The program will invest $20,000 in each of 8 startups by June 30, 2014, through convertible notes.
Learn more about the Reno Accelerator Fund.