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The grants represent several months' worth of awards made to support entrepreneurial programs at area schools and colleges, as well as to efforts that help existing companies grow their business.
Nigerian startup, Stears, focused on sourcing data and insights for Africans and providing data collection tools for businesses, financial and policy professionals, has raised a $3.3 million seed round led by MaC Venture Capital. Other notable investors were Serena Ventures, Omidyar Group’s Luminate Fund, Melo 7 Tech Partners and Cascador — Empowering Economic Growth Foundation. Stears,
Huntington National Bank and the city of Cleveland announced a joint initiative with 11 other community, financial and civic partners designed to support entrepreneurs and small businesses in underserved areas throughout Cuyahoga, Lorain and Ashtabula counties. The program, 'Entrepreneurs in Residence Powered by Huntington,' will be funded by a $500,000 investment by the bank.
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The foundation's board of directors approved nearly $28 million in grants in the final quarter of 2021, supporting residents in Cuyahoga, Lake and Geauga counties.