Welcome to the Multicultural Business Xcellerator (MBX)
Fueling Innovation Powered by Multicultural Founders
Nestled in America’s Heartland, MBX emerges as a beacon of transformative growth and boundless innovation for founders of color. It signifies the region’s burgeoning efforts to champion inclusive entrepreneurship and propel economic progress across the Heartland Region. The MBX seeks to build equity through innovation and entrepreneurship by supporting BIPOC founders with hands-on support to scale their businesses. The program provides in-depth business analysis, access capital, deal-flow opportunities with customers, and access to ecosystems across the country.
Our Mission
The mission of the MBX Xcellerator is to empower multicultural businesses by providing them access to crucial resources, capital, and connections, ensuring their robust growth and sustainable success in the global marketplace. This is achieved by focusing on global marketplace exposure, building a robust pipeline of diverse and innovative businesses, and expanding access to dedicated partners, programs, and resources.
The MBX is committed to creating an ecosystem where diverse businesses can launch, scale, and thrive, bridging the gap in our innovation economy.
Our 2024 Cohort
Our Impact
- Access to innovation & technology led by diverse founders
- A Market Readiness focused curriculum with committed investors & capital partners
- Increase the number of high growth potential and scaling companies
- Growth in tech-based jobs and higher wages
- De-risk investments with world-class mentorship and support
Program Benefits
ACCESS TO CAPITAL
- Direct investment capital
- Additional resources for operational support and services
- Access to banking and additional funding opportunities
- Access to angels and venture capital investor networks
ACCESS TO CUSTOMERS
- In-Depth Market Readiness Analysis & Scale-Exit Plan
- Corporate Customer Connections to Fortune 1000 Companies
- Expert Level Product, Supply Chain, and B2B Marketing Support
- Government Procurement and Contracting Support
ACCESS TO COMMUNITY
- Access to a global network of mentors
- Access to a global network of founders
- Access to a global network entrepreneurial ecosystems
- Access to office space
ACCESS TO TALENT
- Access to Mentors
- Access to VC in Residence
- Access to Service Providers
Timeline
| October 16, 2023 Applications Open to apply for the inaugural cohort | |
| December 10, 2023 (Extension) Deadline To Apply For The Inaugural Cohort. | |
| February 2024 Cohort Participants Will Be Announced | |
| April 2024 Inaugural Cohort Begins. Programming Commences | |
| August 2024 Inaugural Demo Day Presentations | |
| Fall/Winter 2024 Ongoing support to help our Entrepreneurs Flourish |
Our Partners
Powered by Winrock International and supported by the Walton Family Foundation and the Winthrop Rockefeller Foundation, MBX leverages extensive networks, expertise, and resources to optimize program outcomes and ensure that we operate with best practices. Together, we’re making a difference, empowering multicultural founders, and contributing to the economic prosperity of the communities we serve.
