News & Insights

community

NCTF launches “Capital for Change” podcast to strengthen Michigan’s entrepreneurial ecosystem

A statewide venture capital fund, announced today it is launching a series of podcasts called “Capital for Change”..

New Community Transformation Fund Launches Informative Podcast to Strengthen the Entrepreneurial Ecosystem in Michigan

Grand Rapids, MI (May 19, 2026) – New Community Transformation Fund (NCTF), a statewide venture capital fund, announced today it is launching a series of podcasts called “Capital for Change”.

New Community Transformation Fund and Michigan Capital Network Announce Affiliation Agreement

Grand Rapids, Mich. (Dec. 9, 2024) – New Community Transformation Fund (NCTF) and Michigan Capital Network (MCN), two Grand Rapids based venture capital investment organizations, today announced a new affiliation

New Community Transformation Fund announces latest investments

(GRAND RAPIDS, MI) – New Community Transformation Fund (NCTF), a Grand Rapids-based venture fund aimed at boosting businesses owned by people of color in West Michigan, announces it has made recent investments in three companies.

Grand Rapids minority-focused venture capital fund searches for new managing director

Media Contact; Republished from Crain's Grand Rapids; Mark Sanchez -July 25, 2024 - Venture Capital fund searches for new managing director

City of Grand Rapids invests $100,000 in New Community Transformation Fund

The City’s investment in the NCTF is an important step for increasing economic prosperity for entrepreneurs of color aligned with the City’s Strategic Plan and Equitable Economic Development and Mobility Strategic Plan.

Recent investments lift fundraising prospects for New Community Transformation Fund

Credit Mark Sanchez - Crain Grand Rapids Business - October 2023 A series of recent investments totaling $1.1 million provides fundraising momentum for the New Community Transformation Fund, which invests in businesses owned by people of color.

Steelcase Foundation invests $500,000 in New Community Transformation Fund

New Community Transformation Fund received a $500,000 investment from the Steelcase Foundation

ITC Holdings Corp. invests $500,000 in New Community Transformation Fund

ITC Holdings Corp. joins New Community Transformation Fund by investing $500,000.

Frey Foundation has invested $500,000 in the New Community Transformation Fund

The investment lifts the New Community Transformation Fund to $10.75 million raised since forming in 2020.

Colorado’s first Black-owned, woman-led venture capital firm secures $5 million from state venture capital program

Credit The Denver Post | November 2022 By Megan Ulu-Lani Boyanton The New Community Transformation Fund aims to invest in businesses owned and operated by entrepreneurs of color

New Community Transformation Fund’s second investment goes to fintech relocating to GR

The second investment by the New Community Transformation Fund — a recently formed Grand Rapids investment fund for minority entrepreneurs — went to a Texas fintech that relocated its headquarters to downtown Grand Rapids.

GR investment fund for minorities replicated in Denver; other U.S. cities eyed

Leaders behind a Grand Rapids investment fund formed to support entrepreneurs of color hope a similar venture in Colorado becomes the first of multiple funds that replicate the model across the country

New Denver venture fund to invest in minority-led startups

By Nikki Wentling - Reporter July 14, 2022, COLORADOINNO "You don't see funds like this unless you're on the East Coast or West Coast," the managing partner says. Danielle Shoots, the managing partner

BAMF Health is Recipient of Inaugural Investment from New Community Transformation Fund

GRAND RAPIDS – New Community Transformation Fund (NCTF), a Grand Rapids-based venture fund aimed at boosting businesses owned by people of color in West Michigan, has made its first investment, a $500,000 outlay.

Grand Rapids venture fund receives one million from Wege Foundation

Venture fund aimed at boosting businesses owned by people of color in West Michigan, announces it has received a $1M investment from the Wege Foundation, marking the first from a private foundation.

Ollie Howie named first managing director of minority-focused venture capital fund

The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan.

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

Credit Mark Sanchez - January 26, 2021 GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

Investment fund aims to ensure Grand Rapids is not ‘flyover city for entrepreneurs of color’

The New Community Transformation Fund, which is based in Grand Rapids, referenced in this file photo was launched in early 2020. The group announced its fundraising progress in a virtual news conference Tuesday. (MLive file photo)