Impact Opportunity Platform

Our Impact Opportunity Platform connects corporate leaders with vetted Black owned businesses and allows them to operationalize impact initiatives and track performance against supplier diversity commitments.

Our Opportunity Platforms uses Microsoft Power Apps to create an equitable ecosystem. We use applied research to analyze and facilitate opportunity matchmaking. Relevant data points include Corporate equity scores, the contract readiness of certified Black-owned businesses and contract opportunity and values. For corporations the Equiscore BI® disaggregates business processes to identify any disparities in business impact infrastructure. For businesses, the ByBlack platform certifies black businesses, Fearless Impact team analyzes demographic and business financial data to create a contract readiness score (CRS). This entire process catalyzes equity and impact through contractual opportunities.

Our innovative solution unites and empowers business leaders and owners to collaborate with Black-owned businesses. We believe that equipping large business owners with data and access is vital to fostering an environment where Black-owned businesses can thrive. Thus our Impact Opportunity Platform creates a dynamic ecosystem that fosters mutual support and growth. 

TGI is collaborating with the ByBlack and the US Black Chamber of Commerce network to gain valuable insights into the challenges faced by their members. There are currently 3000 businesses registered on the ByBlack platform of which more than 1500 have been vetted and certified. This partnership gives us national reach for our platform. 

Since 2020, several corporations have made commitments to increase their spend with minority owned businesses. Our black founders built solution is built to track and support diverse supplier partnerships and corporate impact. We also help black owned businesses scale. Also, recent Supreme Court rulings around Affirmative Action may make it more challenging to for Black-owned businesses to access certain contracts or funding opportunities; thus creating a greater need for targeted support and resources. Our Impact Opportunity Platform leverages applied research to connect corporate leaders with vetted black owned businesses and allows them to operationalize impact initiatives and track performance against supplier diversity commitments. 

Our solution directly aligns to the challenges business development and procurement as well as data and impact. 

According to McKinsey Consulting, corporations pledged about $340 billion to drive racial equity between May 2020 and October 2022, $141 billion of which has come in the last year, between May 2021 and October 2022. However, most commitments have been difficult to track. Our equity score allows more transparency into investment data. 

We also firmly believe that equipping corporations with data and access is vital to fostering an environment where Black-owned businesses can thrive. Our technology will reduce barriers of entry for Black-owned businesses nationwide and impact driven companies, creating a dynamic ecosystem that fosters mutual support and growth.

TGI is collaborating with the ByBlack and the US Black Chamber of Commerce network to gain valuable insights into the challenges faced by their members. There are currently 3000 businesses registered on the ByBlack platform of which more than 1500 have been vetted and certified. 

TGI and its partners support more than 3000 businesses. In year one, we anticipate 150 Black-owned businesses using the platform, 5 corporate partners, and 5 contracts offered through the platform. We project an increase of 500% in platform utilization Black-Businesses and corporations within 5 years. Black-businesses will capture $10M of revenue within 5 years.

TGI serves equity driven ecosystems initiatives in majority Black cities with a focus on Baltimore. We collaborate with ByBlack, the US Black Chamber of Commerce network and other ecosystem leaders to scale our impact. We also work with local governments, equity champions and supplier diversity teams to support our companies. 

Our partner Hutch provides business growth support to the Black-owned businesses we serve. 

TGI leads human centered design workshops to source ecosystem gaps and opportunities from Black-founders, economic development organizations, social enterprises and allies. We also engage in open and meaningful dialogue with Black entrepreneurs and business owners to gain valuable insights into their experiences and needs.

Our goal is to measure the effectiveness of corporate impact and DEI strategies by creating the conditions for black founders to leverage tech, hire diverse talent, engage in the economy, and build generational wealth.

TGI will leverage our network and partnership to provide access to mentorship, reduce business operational gaps, and help them gain market visibility. We will measure success through the number of Corporations posting opportunities provided, increase in contract readiness of Black-owned businesses, and the number of contracts captured through the platform.

We are applying to the Truist Foundation Inspire Awards to accelerate the technology and increase the capacity of our partnerships. We are also working to counter proposed policies that may increase systemic barriers for Black-owned businesses.

We need financial support to support human capital needs to engage our stakeholders, integrate the technologies and implement our go-to market strategy.

We would like to leverage the Foundation’s expertise and guidance in areas like legal compliance, accounting, and technology adoption.

Connections with established industry leaders and experienced mentors will also play a crucial role in providing guidance, advice, and potential business partnerships.

We also believe leveraging the Foundation’s public relations and marketing resources will allow us to increase engagement with our platform.