INNOVATION WORKS INC
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Mission Statement
Empower members of disinvested communities to build, own, and operate successful social enterprises that create neighborhood economies.
About This Cause
Innovation Works creatively and collaboratively connects neighborhoods, entrepreneurs, social innovation assets, and investors to build sustainable neighborhood economies in Baltimore City. We strategically focus on Black and female entrepreneurs - a demographic traditionally overlooked by entrepreneurship development programs and investors - whose enterprises are located in and/or serve Baltimore's most disinvested communities (median household income is $40K/year or less). With our 5-stage Enterprise Development Pipeline, we provide tailored support to these social entrepreneurs and their enterprises, meeting them where they are and accompanying them through the full lifecycle of the entrepreneurship journey. We use a Neighborhood Strategy - one that is rooted in understanding the context and systems that have led to and sustained Baltimore’s neighborhood, racial, and wealth divides - to build meaningful, engaging relationships within target neighborhoods to increase community capacity and trust. Through our Strategic Initiatives, take a macro look at opportunities in Baltimore to aggregate our efforts in supporting Baltimore’s disinvested neighborhoods and entrepreneurs. Through our existing Strategic Initiatives, we focus on particular economic sectors where Baltimore has unique assets that can help increase economic activity, create new livable wage jobs, and generate new social enterprises led by people of color. Finally, via our social impact fund Ignite Capital, we connect social entrepreneurs to the investment capital they need to launch, grow, and scale their enterprises.