McDERMOTT IS COMMITTED TO CREATING GREATER EQUITY IN ENTREPRENEURSHIP
McDERMOTT IS COMMITTED TO CREATING GREATER EQUITY IN ENTREPRENEURSHIP
We launched McDermott Rise in 2020 to combat inequality and promote fairness, while helping to level the playing field for founders of color. The program provides a set of free legal and business services to entrepreneurs of color each year to help them launch and scale their endeavors with every expectation of success.
- Formation
- Capitalization
- Equity compensation
- Intellectual property protection
- Employment matters
- Other areas pertinent to business growth
DIG DEEPER
Learn more about the McDermott Rise program including; who should apply, application steps and more.
WHAT MAKES A GREAT APPLICATION
WHAT MAKES A GREAT APPLICATION
DIVERSE LEADERSHIP
Your core leadership team includes at least 50% people of color. We particularly welcome applications that represent diversity across additional intersections, including gender and the LGBTQ+ community.
Strong Business Plan
Your vision matters, and so do the details. You don’t just have a great idea—you’ve established a solid strategy for bringing it to market and have a written business plan.
Engaged management team
You’ve assembled a team of dynamic leaders who share your passion for the problem you are working to solve, as well as the communities and customers you are seeking to benefit.
Disruptive business model
This program is open to any idea and any industry. What matters is that you’ve identified a problem, discovered an innovative way to solve it and aren’t afraid to upend the status quo to get the job done.
Intellectual property or technology
This is the heart of your business—your know-how, your tech, your IP. You’ve already taken the initial steps to develop it, realize it and keep it secure.
IMPROVED OUTCOMES FOR TRADITIONALLY MARGINALIZED COMMUNITIES
You already have a disruptive and thoughtful business model. But does your product or service help traditionally marginalized communities? If it does, you have our attention.
If you think your business would be a good fit for McDermott Rise, we encourage you to submit an application.
If you think your business would be a good fit for McDermott Rise, we encourage you to submit an application.
