Profile
Novella Center for Entrepreneurship is a nonprofit accelerator based in Baltimore, Maryland, founded in 2013 by Jeff Cherry. The center is named in honor of Cherry's mother, Joyce Novella Cherry, and focuses on economic empowerment for historically neglected communities. The team, led by Cherry, a seasoned entrepreneur and venture capitalist, is dedicated to fostering entrepreneurship through the Conscious Venture Lab, which emphasizes stakeholder theory and conscious capitalism.
The center invests in early-stage companies across sectors such as cybersecurity, biotechnology, technology infrastructure, hospitality, consumer products, 3D manufacturing, mobile, and gaming. It offers immersive support and customized content through its partnership with FounderTrac, aiming to prepare founders for investment. Novella Center manages the Novella Center Fund with an AUM of $15 million, launched in 2022.
Notable investments include MyMonitor - enterprise systems in healthcare, BM Diagnostics - diagnostic equipment, Healthier Forms - decision/risk analysis, Parish Tec - financial services, and GetSenti - business/productivity software. These investments reflect the center's commitment to supporting diverse founders and creating inclusive opportunities.
Industry
Novella Center for Entrepreneurship Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Novella Center Fund
|
Venture Capital (VC)
|
Business Services (B2B)
Food and Beverage
Foodtech
Gaming
SaaS
Software
Technology
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$15 M
|
July 2022
|
Contacts
Instant access on the web. Plans from $129/month — see pricing.