In Vermont, some capital is in women’s hands. Their numbers are smaller, but they are venturing into new territory with a wider purpose than fat cat profits.
, calls itself a “launching pad for entrepreneurs and innovators, a nurturing partner for startup and growth firms” with a goal to create living-wage jobs and keep Vermont’s young innovators in the state. Bio-friendly terms are found on their website too, referring to Vermont’s “entrepreneurial DNA,” presumably of interest to investor ecosystems. Neither of these exists in biology, but we can hope this isn’t mere greenwashing, but a wiser way of thinking about the eco-logy in eco-nomy.
“We’re always looking out for our companies’ best interests, aggregating capital…from angel investors and other capital funds,” Samantha Roach-Gerber, innovations director at Vermont Center for Emerging Technologies , told. It, too, uses biologic words—with seed’s living reproduction connecting the green of money to their “evergreen” fund, which means its profits are plowed back into it.
The fund’s $5.1 million in revolving venture money is relatively “tiny,” yet has funded 24 startups at $25,000-$250,000 and has leveraged more. VCET’s interest is in “high opportunity businesses,” which trend to the technological, but do include women. They also co-host winter events in Burlington calledMore grounded Vermont investments are in the hands of Janice St. Onge in Montpelier, through the.
Seeking “regenerative, not extractive businesses,” the fund values social and environmental responsibility, livable wages, and diversity in ownership, governance, and management. “The fund’s own governance is diverse,” St. Onge adds. “Four of our board of managers and two of our three-member investment committee are women.” They recently added to their portfolioSt.
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