Three ventures targeting education, health and housing received $55,000 in investments coming out of a Propeller program designed to accelerate their growth.
For-profit ventures Whetstone Education and eNre each received $25,000, while nonprofit Youth Rebuilding New Orleans received a $5,000 grant.
Twelve others graduated from Propeller’s three-month accelerator program, which provided them with executive mentors and access to more than 200 professionals, a tailored curriculum and free space at Propeller’s Incubator Facility.
Whetstone helps schools drive teacher growth with data-driven professional development.
ENre uses software to streamline recruiting patients for clinic-based research trials, targeting cancer and chronic disease, including obesity and diabetes.
Youth Rebuilding New Orleans purchases blighted homes, employs youth to supervise volunteer youth during renovation and sells the homes to teachers at a discount.
As a class, Propeller’s participants generated $2 million in revenue and financing, creating 13 part-time and 10 full-time jobs, and paid more than $600,000 in wages to New Orleanians.
The other graduates are Clear Health Analytics, an insurance plan cost comparison tool; Grow Dat Youth Farm, which helps youth and adults work to grow healthy food; Hanging Gardens, a distributor of green roofing products; The Healthy School Food Collaborative, which strives to reduce child and adult obesity bringing together those who prepare foods in schools with local farmers; Hollygrove Market and Farm, an urban farm, local produce market and community garden; Martin Ecosystems, which makes floating islands and products used for stormwater and wastewater treatment, shoreline protection, bank stabilization and habitat restoration; Operation Spark, which steers students in low-income families toward a career in software development; ORA Estuaries, which grows oyster reefs into living coastal protection; Royal Castle Child Development Center, a day care center; Sankofa, which works to improve access to fresh local food in poor areas through mobile markets and community gardens; TrueSchool Studio, which works with school leaders, teachers, students and community members to develop student-oriented schools; and XS Martial Arts Dojo, which teaches various styles of martial arts.