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Ignite Fund

IGNITE CAPITAL INC

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Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Ignite Fund

Status: Completed/Historical (proof of concept phase)

Geographic Scope: Baltimore City, Maryland, US

Purpose: Fuel the growth of social enterprises in Baltimore—especially those led by historically marginalized populations. Designed to close the wealth gap by investing in people, enterprises, and ideas too often overlooked by traditional capital.

Focus Areas:

  • Food and manufacturing

  • Health and wellness

  • Arts and culture

  • Creative economy

  • Health/human services

    • What They Fund:

  • Social enterprises rooted in community

  • Historically underinvested neighborhoods in Baltimore City

  • Early-stage companies across various sectors

  • Job creation and commercial corridor revitalization

    • Capital Types Offered:

  • Venture debt

  • Loans

  • Revenue share

  • Grants

  • Hybrid instruments

    • Support Beyond Capital:

  • Mentorship

  • Technical assistance

  • Market access

  • Network support

  • Whole-person care

    • Impact Achieved:

  • Invested over $3 million

  • Supported 42 enterprises

  • Created 603 jobs (193 full-time, 226 part-time, 184 contractual)

  • 95% Black-led enterprises

  • 69% women-led or co-led

  • 33% average year-over-year revenue growth

  • 20 enterprises in commercial spaces

  • 74% total workforce in Baltimore City

    • Contact:

  • Physical Location: 5 N Calhoun St, Suite 202, Baltimore, MD 21223

  • Mailing Address: 1400 Greenmount Ave, Suite B01, Baltimore, MD 21202

  • Website: ignitecapital.org

    • Focus Areas & Funding Uses

    Fields of Work

    black-owned-businesseswomen-owned-businessessmall-businessescommunity-development

    Categories

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