Hera Labs, a local business accelerator for women-led ventures, has converted from a sole proprietorship into a nonprofit, launching a fundraiser to spur its efforts.
The organization, which hosts workshops, programs and conferences aimed to help women-led businesses grow, hopes to raise $10,000. The fundraiser starts this Tuesday, November 29.
“This is a crucial time to invest in female business leaders who are still working to break the glass ceiling,” said Silvia Mah, Hera Labs’ executive director. “We’re meeting fantastic women with brilliant ideas and giving them the resources they need to launch their businesses and support their families. Now as a nonprofit, we’re partnering with local, state and national governmental agencies to support female-led businesses and drive economic growth.”
Hera Labs set a goal of getting 400 individuals and groups to invest in Hera Labs by donating $25 to the campaign.
Mah said converting Hera Labs to a nonprofit is better in line with the organization’s mission.
“Hera Labs has always functioned as a social enterprise; we just formalized our impact goals through becoming a nonprofit," Mah said in an email.
Notable local startups that have been through a Hera Lab program include Meowtel.com, Giventure, and Stick With It.