Why We Choose To Be A Part Of The Solution
Strong Belief in the Community
iNvictus and its founders strongly believe in the importance of community.
We launched our first iNvictus Office Center location to foster the entrepreneurial talent already growing in communities and to tie them into the mainstream global entrepreneurial ecosystem.
The iNvictus Mission has eight founding African American partners. They are entrepreneurs, businessmen, educators, and contributing members of society and in their communities. They represent such illustrious institutions of higher learning as Duke University (MBA), University of North Carolina at Chapel Hill, North Carolina Central University (undergraduate and Law School), Shaw University, Winston-Salem State University and Black Greek fraternities that have proven themselves to be the bedrock of the African American community (Kappa Alpha Psi, Alpha Phi Alpha & Omega Psi Phi). The first iNvictus Office Center was the first wholly African American male owned coworking space in the United States.
Closing the Generational Wealth Gap
Globally, entrepreneurs play a vital role in economic development and the social impact of a community.
They are key contributors to innovation, job growth, and investing in community projects.
Challenges Faced by Minority Entrepreneurs
A large number of minority-owned businesses do not survive past the first ten months or enjoy the level of success their counterparts may experience in the same industry.
Not due to lack of drive or passion; they may have the perfect product or best service but do not have the support, resource, or knowledge necessary to prosper.
The relative lack of success among minority-owned businesses has been attributed in part to owners who have barriers to access, including less startup capital, disadvantaged family support, and less education.
A multitude of sources will point the finger at the solutions to equity in entrepreneurship across demographics as a necessary three-pronged approach: access to capital (minority-owned businesses are three times as likely to be denied loans), access to business networks (expand access to business networks for minority entrepreneurs) and access to skill development (more industry-specific continuing education.)