{"id":6368,"date":"2024-10-22T08:39:06","date_gmt":"2024-10-22T13:39:06","guid":{"rendered":"https:\/\/unclefunkysdaughter.com\/chatbox\/?p=6368"},"modified":"2024-10-22T09:08:50","modified_gmt":"2024-10-22T14:08:50","slug":"uncle-funkys-daughter-establishes-mpowr-her-grant-at-texas-southern-university-to-empower-female-entrepreneurs","status":"publish","type":"post","link":"https:\/\/unclefunkysdaughter.com\/chatbox\/2024\/10\/22\/uncle-funkys-daughter-establishes-mpowr-her-grant-at-texas-southern-university-to-empower-female-entrepreneurs\/","title":{"rendered":"Uncle Funky\u2019s Daughter Establishes MPoWR Her Grant"},"content":{"rendered":"\n

Houston, TX \u2013 October 22, 2024<\/strong> \u2013 Uncle Funky\u2019s Daughter<\/a>, a pioneering brand in natural hair care with deep roots in community, is excited to announce a groundbreaking partnership with Texas Southern University<\/a> (TSU) to support and empower female entrepreneurs. This partnership coincides with the launch of TSU\u2019s Entrepreneurial Hub, and will include the creation of the MPoWR Her Grant\u2014an initiative aimed at empowering African-American women as they embark on their entrepreneurial journeys within the university\u2019s startup incubator.<\/p>\n\n\n\n

The MPoWR Her Grant<\/h3>\n\n\n\n

The MPoWR Her Grant is funded by a $50,000 endowment. This endowment comes from The Rhoten Morris Family Foundation, founded by Uncle Funky\u2019s Daughter\u2019s Chief Curl Officer, Renee Rhoten Morris, and TSU. Each year, the grant will go to a qualified African-American female student at TSU who is working on a startup.<\/p>\n\n\n\n

\"Chief<\/figure>\n\n\n\n

\u201cThis grant reflects our commitment to empowering women and investing in the future of African-American women in business,\u201d said Morris. \u201cWe\u2019re proud to partner with TSU, a university known for its excellence and leadership.\u201d<\/p>\n\n\n\n

This initiative is important, especially given the current trends in entrepreneurship. According to J.P. Morgan<\/a>, African-American women are the fastest-growing group of entrepreneurs in the U.S. They saw a 50% increase between 2014 and 2019, compared to a 24% increase among all women-owned businesses. However, these founders get less than 0.35% of total venture capital funding in the U.S., often relying on personal savings or credit.<\/p>\n\n\n\n

Challenges Facing Black Female Entrepreneurs<\/h3>\n\n\n\n

A 2023 report by the Federal Reserve shows that 65% of Black women business owners use personal funds to start their businesses. The MPoWR Her Grant aims to help by offering financial support to these early-stage entrepreneurs and removing some of the barriers they face.<\/p>\n\n\n\n

\u201cWe must create channels that help us change the playing field. HBCUs play an essential role in cultivating African-American talent. We\u2019re proud to be part of TSU\u2019s Entrepreneurial Hub, which will nurture the next generation of innovators. This grant underscores our dedication to empowering future female leaders, fostering education, and creating pathways for building generational wealth.\u201d<\/strong><\/p>Chief Curl Officer, Renee Rhoten Morris<\/cite><\/blockquote>\n\n\n\n

This grant will help both students and TSU by strengthening its academic environment and drawing in driven, talented entrepreneurs. TSU, a historically Black university, is home to more than 10,000 students, many of whom are women preparing to launch businesses.<\/p>\n\n\n\n

\u201cTexas Southern University is excited to partner with Uncle Funky\u2019s Daughter,\u201d said Charlie W. Coleman III, TSU\u2019s Associate Vice President of Development & Alumni Engagement. \u201cTogether, we\u2019re empowering the next generation of leaders.\u201d<\/p>\n\n\n\n

\"Renee
Renee joins the TSU team for an on campus interview after the presentation of the MPoWR Her Grant<\/figcaption><\/figure>\n\n\n\n

This collaboration marks a key moment in TSU\u2019s lead-up to its 100th anniversary, reflecting the university\u2019s commitment to building an inclusive entrepreneurial ecosystem.<\/p>\n\n\n\n

For more information about the partnership between Uncle Funky\u2019s Daughter and Texas Southern University, visit\u00a0TSU<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Houston, TX \u2013 October 22, 2024 \u2013 Uncle Funky\u2019s Daughter, a pioneering brand in natural hair care with deep roots in community, is excited to announce a groundbreaking partnership with…<\/p>\n","protected":false},"author":1,"featured_media":6376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,95],"tags":[53],"powerkit_post_featured":[],"class_list":{"0":"post-6368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-press-release","8":"category-renees-corner","9":"tag-uncle-funkys-daughter"},"yoast_head":"\nUncle Funky\u2019s Daughter Establishes MPoWR Her Grant - Chat Box<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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