$1 Billion For Entrepreneurs Choosing Entrepreneurs Incubators

Allocate $1 billion from the US Treasury to making loans in the amount of $10,000 to $100,000 to main street entrepreneurship.


Use the existing network of CDFIs (i.e, Neighborworks) and an incubator program like to allocate the funds. Vilcap lets the entreprenuers themselves choose who gets a loan - and entrepreneurs are much better at due diligence then investors or bankers.


We need to give all the little guys a chance to create 5-10 0r 50 jobs in their local entrepreneurial efforts. Large scale change, VC, innovation, patents etc... are irrelevant. Creative types and hustlers make things happen, and they only need a drop to catalyze change.



8 votes
Idea No. 171