HOW IT WORKS ↓
FOUNDER-FIRST, PATIENT CAPITAL
“Adding a ‘0’” to Venture Deals Across the Region
In 2023, The Idea Village launched a new affiliated venture capital fund called the “Momentum Fund” to invest in breakout alumni of the flagship VILLAGEx accelerator program.
The Momentum Fund was launched with $6.7 million in committed capital from 24 individual investors and family offices, including some of New Orleans and the Gulf Coast’s leading founders. Private capital is complemented by state investment through Louisiana Economic Development’s SSBCI (State Small Business Credit Initiative).
The fund, which is connected to The Idea Village but separately managed and governed, will allow The Idea Village as a 501c3 non-profit to support accelerator companies over the long-term through capital investment and to ultimately participate in the company’s success through a carried interest of profits via the investment fund.
