13 Hispanic Entrepreneurs Graduate from SEG’s Incubadora Program Fall Cohort
Thirteen Hispanic entrepreneurs graduated from Social Enterprise Greenhouse (SEG) Incubadora Program fall cohort this week. SEG’s Incubadora helps Hispanic entrepreneurs turn ideas into action by providing practical knowledge and skills to plan and launch a new business or nonprofit or help an existing business improve operations and strategy.
Modules, workshops and courses for the 10-week program are conducted fully in Spanish and participants meet weekly with fellow entrepreneurs and SEG’s network of expert advisors to learn how to take their ideas and businesses to the next level.
“With more than 10 percent of Rhode Island's small businesses owned by Hispanic community members, SEG’s Incubadora is a critical tool to help our state’s growing population of Hispanic entrepreneurs make an impact through their innovative ideas,” said Incubadora program director Agnieszka Raczynska. “Incubadora was one of the first entrepreneurial programs in Spanish of its kind, created to acknowledge there are often barriers to access and success for many Latinx entrepreneurs.”
Since the program’s creation in 2020, nearly 40 entrepreneurs have graduated from Incubadora and launched 35 ventures. Nationwide, more than 12 percent of small businesses are owned by Hispanic entrepreneurs. The businesses and ideas represented by the Incubadora fall cohort graduates include a multicultural indoor play space, an environmentally friendly coffee distributor, and support services for professional individuals with chronic illnesses.
Three graduates were recognized as Seed Fund recipients, sharing a $2,500 grant award. The award is funded by Navigant Credit Union. Carolina Valentín, Sira Salgado and Aracelis Aldarondo will receive more than $800 each for their respective ventures.
“Inburdora was an eye opener,” said Valentín, whose business assists working professionals with chronic illnesses seeking equitable accommodations and a support community. “I got to see potential in myself and how to utilize it to bring my business to life. The sense of community between cohorts and facilitators is very meaningful as an immigrant away from my family and home trying to succeed in what was unknown.”
Salgado has high hopes for how the grant award will help her make an impact with her business, Mateo 19:14 Indoor Playground.
“This is going to be a seed that I hope to grow,” Salgado said. “My son is three and he doesn’t have a backyard to play in and there are not many safe places for him to play. So I want to make sure the place I create has a great impact on the community.”
Incubadora is led by SEG staff members Agnieszka Raczynska and Ruthy Rodriguez. Applications are now being accepted for the Incubadora spring cohort. Interested applicants can apply at any time on SEG’s website at https://segreenhouse.org/incubadora/. Interested parties can also request more information by emailing email@example.com.
SEG has always been outcome and impact focused. Since launching, SEG’s network of ventures have grown to support more than 3,000 jobs. An estimated 80 percent of SEG Accelerator graduates are operational and employ on average five people. By comparison, the Small Business Association reports roughly half of all startups close shop within five years of founding and only 30 percent are operational 10 years after launching. SEG’s ventures are firmly rooted in social impact and span a variety of industries, including health and wellness, food and agriculture, and environment. Combined, SEG’s ventures have reached more than 5 million people.
About Social Enterprise Greenhouse: Social Enterprise Greenhouse (SEG) accelerates impact by providing inclusive support and networks for entrepreneurs and businesses committed to positive societal and economic change. SEG fosters an ecosystem of diverse stakeholders who work to enable a more just, equitable, and resilient economy. SEG is based in Rhode Island and operates statewide virtually and from sites in Providence, Newport, and Pawtucket/Central Falls. Its network of 1,800+ enterprises and 200+ business and community leaders contributes time, expertise, and funding to grow Rhode Island’s social impact ecosystem. To learn more, visit www.segreenhouse.org.