IMPACT

Our Beliefs

Talent is broadly distributed;
Opportunity is not

Your lived experiences are your competitive advantage

The best companies are aligned with the values of the people they aim to serve

Our Passions

At eLab Ventures, we strive to work with and support founders from all backgrounds who are building the most impactful technology businesses in the world. At the same time, we are committed to using our position to reduce historical inequity in the communities in which we live and work. Below are a few of the organizations we support with our passion, time, and resources. We welcome you to join us in contributing to these efforts.

Ann Arbor Entrepreneurship FundMichigan eLab2021-09-01T21:25:11-05:00

https://a2entrepreneursfund.org/

Detroit Development FundMichigan eLab2021-09-01T21:24:08-05:00

https://www.detroitcommunityloanfund.com/

BUILDMichigan eLab2021-09-01T21:28:43-05:00

https://build.org/

Palo Alto Partners in EducationMichigan eLab2021-09-01T21:28:19-05:00

https://papie.org/

College TrackMichigan eLab2021-09-01T21:27:53-05:00

https://collegetrack.org/

LEAD Scholars Program – Alumni Association of The University of MichiganMichigan eLab2021-09-01T21:26:14-05:00

https://alumni.umich.edu/give/lead-scholarships/

UofM Center for EntrepreneurshipMichigan eLab2021-09-01T21:24:38-05:00

https://cfe.umich.edu/

Women Who CodeMichigan eLab2021-09-01T21:22:53-05:00

https://www.womenwhocode.com/

Michigan History FoundationMichigan eLab2021-09-01T21:27:13-05:00

https://michiganhistory.org/

New Enterprise ForumMichigan eLab2021-09-01T21:26:42-05:00

https://www.newenterpriseforum.org/

Michigan Venture Capital Association (MVCA)Michigan eLab2021-09-01T21:25:39-05:00

https://michiganvca.org/

Our Actions

We have committed to donate a portion of Fund I General Partner profits to The University of Michigan Center for Entrepreneurship

A portion of Fund II profits will be automatically donated to Ann Arbor Entrepreneurs Fund

We encourage every company we invest in to have a Diversity and Inclusion (“DEI”) strategy

Environmentally-focused investments

As part of our commitment to bettering the social environment, eLab passionately invests in companies that will radically improve the sustainability of the environment across multiple industries.

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emissions reduction per delivery

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Focused support

At eLab, we have invested in 6 minority founders (out of a total of 17 companies). Although we’ve backed proportionally more underrepresented minority founders than many other funds, we know we still have a long way to go.

We focus on three areas:

Uplift those who need it

Uplifting those who live in low-income and underserved communities

Equitable investment

Improving inclusivity by investing equitably across race, gender, and ethnicity

Invest in clean/green tech

Slowing down the effects of climate change by investing in revolutionary clean/green technology