ConnectUP Institute

Overview

ConnectUP Institute is a nonprofit social finance and enterprise development studio dedicated to fostering equitable access to capital, resources, and networks for underinvested communities. Specifically, it emphasizes support for Black and Brown women entrepreneurs, recognizing the profound impact their economic empowerment can have on broader societal prosperity.

Mission

The mission of ConnectUP Institute is to curate connections among entrepreneurs, investors, and the business ecosystem. This mission aims to provide underinvested communities, particularly Black and Brown women, with access to capital, resources, and networks, thereby advancing economic equity and development.

Vision

The vision of ConnectUP Institute is centered on empowering Black and Brown women entrepreneurs to achieve intergenerational wealth. This is to be accomplished through the provision of culturally responsive resources, capital, and networks. The organization believes that when these women succeed, their prosperity benefits the community as a whole.

Values

ConnectUP Institute operates under several guiding values:

• Intentional Transparency: The organization commits to transparency in its work and relationships.
• Respect: It respects the diversity of people and their experiences.
• 360-Degree Compassionate Accountability: This value fosters equitable and economically vibrant communities.
• Guided by Ancestral Knowledge: The organization acknowledges that communities hold valuable wisdom.
• Unapologetic Commitment: It stands unapologetically for who they are and the communities they serve, with courage and passion.

Leadership

ConnectUP Institute was founded by Y. Elaine Rasmussen, who serves as CEO. Rasmussen is a seasoned professional with a background in finance, conflict resolution, and community development. Her work has been recognized for its innovative approach to inclusive economic development.

Programs and Activities

• Education and Consulting: Provides educational resources and consulting services focused on innovative social finance and enterprise development.
• Collaboration: Fosters partnerships among entrepreneurs, investors, and community organizations to strengthen the entrepreneurial ecosystem.
• Lunar Accelerator Program: ConnectUP has acquired the Lunar Accelerator program, expanding its capability to support a broader range of entrepreneurs.

Impact

ConnectUP Institute's impact is reflected in its commitment to creating a more inclusive entrepreneurial environment. By focusing on historically underinvested communities, the organization aims to drive community wealth and promote sustainable economic growth.

[1] https://connectupmn.org [2] https://www.givemn.org/organization/Connectup-Institute [3] https://connectupmn.org/about/ [4] https://www.idealist.org/en/nonprofit/f275be189704499b814c5dd6979a7151-connectup-institute-saint-paul [5] https://www.heyven.co/profile/connectup-institute