Non-profit venture fund

Unlocking
refugee talent.

A displaced founder arrives with the skills, the drive, and often a business already behind them — and none of the credit history, collateral or network an investor asks to see. We exist to close that second gap.

100+
refugee founders trained since 2023
12+
countries of origin represented
4
in-person accelerator cities: New York City, Washington DC, Toronto, Berlin
$100K
maximum investment a graduating founder can pitch for

Our philosophy

Select for talent. Then test the idea. Then invest.

Most programs pick a business plan and hope the founder can execute it. We do the opposite, in that order — because in displacement the CV breaks long before the person does.

Apply1,200+
Open to anyone with experience of forced displacement, anywhere in the world
Bootcamp100–150
1 in 8 advance One month, virtual, six modules
Accelerator~30
1 in 5 advance Invite-only, in person in four cities
InvestmentUp to 8
1 in 4 funded Equity investments and grants up to $100K
01

We start by finding exceptional people.

The bootcamp is the widest door we can build: one month, online, open to anyone with experience of forced displacement, anywhere in the world. A hundred and fifty people get in.

At this stage we are not judging the business. We are judging the founder — because a displaced person's résumé is a record of what a border interrupted, not of what they can do.

What we select on Resilience, adaptability and creativity, demonstrated under conditions most investors have never had to price.
A founder working through the bootcamp material on her laptop
02

Then we put the idea under pressure.

The top of the bootcamp is invited into the accelerator: an intensive week in New York City, Washington DC, Toronto or Berlin led by business school faculty, alongside founders and investors who have done it, then months of virtual programming.

The work is customer research and market testing — deliberately unglamorous. Ideas that do not survive contact with a real customer are supposed to fail here, cheaply, while there is still time to change them.

What we select on Evidence. Did the market answer, and did the founder listen when it did?
Two founders working side by side on laptops during accelerator week
03

Only then do we write a check.

Founders graduate by pitching for investment of up to $100,000, in equity or grant form, depending on what the business actually needs.

By that point we have watched them work for six months. We are not underwriting a pitch deck; we are underwriting a person we have already seen change their mind in public when the data told them to.

What we select on Validation — a tested idea, a founder we know, and a use of capital that moves the business rather than extends the runway.
A founder pitching to the panel at graduation

Investment thesis

Displacement is the most under-priced signal of founder quality in the market.

  1. Barriers, not ability, are the binding constraint

    Refugees start businesses at higher rates and access capital at lower ones. The gap between those two numbers is the opportunity we are underwriting.

  2. We invest early, small, and with conviction about the person

    Cheques up to $100K at the point where a validated idea needs its first capital — before any institutional investor is willing to look.

  3. Sector-agnostic, geography-agnostic

    From digital health infrastructure to orbital thermal systems to community membership businesses. We follow the founder, not a category.

  4. Returns are recycled, not extracted

    We are a non-profit fund. Proceeds go back into training and backing the next cohort rather than out to limited partners.

Portfolio

The businesses coming out of the program.

Twelve founders across three cohorts, from Kabul to Kyiv to Banjul — the ones we have invested in are below, and the full directory is on the founders page.

Our portfolio → All founders →

Inside the program

Six months, four cities, one idea under pressure.

Applications for the next bootcamp.

Open to anyone with experience of forced displacement, anywhere in the world. Dates to be confirmed.