An Act to provide startup capital for minority entrepreneurs

This bill directs MassVentures, the state's technology development corporation, to create a competitive grant program specifically for minority-owned or minority-led startups in Massachusetts. The initiative aims to provide these companies with technical assistance, financial support, and resources to help them secure additional funding. To fund this effort, the legislation appropriates $10 million from the state budget. The program is designed to help these entrepreneurs launch and grow their businesses through direct investment and educational support.