Investment Announcements, Justice Reform

New Profit, John Legend’s FREEAMERICA, and Bank of America Announce First ‘Unlocked Futures’ Entrepreneurs

Backed by Grammy Winner and activist John Legend’s FREEAMERICA, New Profit, and Bank of America, Unlocked Futures supports social entrepreneurs impacted by the criminal justice system

December 5, 2017
The inaugural Unlocked Futures cohort! [Left to Right: James Monteiro, Re-Entry Campus Program; Topeka K. Sam, Ladies of Hope Ministries; Jason Cleaveland, Obodo; Marcus Bullock, Flikshop; Dirk Van Velzen, Prison Scholars Fund; Amanda Alexander, Detroit Justice Center; Will Avila, Clean Decisions; Teresa Hodge, Mission: Launch, Inc.]

December 5, 2017 (U.S.) Eight entrepreneurs from across America who founded mission-driven organizations focused on criminal justice system reform have been selected to be part of the first cohort of the Unlocked Futures accelerator program. Both for-profit and nonprofit models are represented in the first cohort, and the entrepreneurs will receive capacity-building funding and support to grow the impact and reach of their organizations, behind a shared goal of ending mass incarceration in America.

The entrepreneurs, who were featured in a just-released video (see below) and an article in Fast Company, are:

  • Amanda Alexander, Detroit Justice Center: Builds equitable cities and remedies the impacts of incarceration in the U.S. by delivering community lawyering services, economic opportunities, and other ‘Just City’ solutions.
  • Will Avila, Clean Decisions: Employs returning citizens (ex-offenders) in a commercial cleaning service and leads Changing Perceptions, a nonprofit helping individuals coming out of incarceration to develop an ownership mentality – in their future, their community, and ultimately as an entrepreneur.
  • Marcus Bullock, Flikshop: Provides inmates the ability to receive mail from a mobile app every single day from their loved ones.
  • Jason Cleaveland, Obodo: Helps direct service nonprofits, especially those dealing with homelessness, addiction, and reentry – through a technology platform – to streamline their data, outcome, and training systems.
  • Teresa Hodge, Mission: Launch, Inc.: Introduces technology and entrepreneurship to formerly incarcerated individuals as a way of ensuring self-sufficiency; manages the Rebuilding Re-Entry Coalition, a citizen-led movement committed to creating a more just and inclusive society for returning citizens.
  • James Monteiro, Re-Entry Campus Program: Works within and outside the Adult Correction Institution of Rhode Island to ensure that adults in transition homes have a college degree pathway that is integrated into their post-release support systems.
  • Topeka K. Sam, Ladies of Hope Ministries: Helps disenfranchised and marginalized women transition from incarceration back into society through education, empowerment, spiritual development, and housing.
  • Dirk Van Velzen, Prison Scholars Fund: Keeps formerly incarcerated individuals from re-entering prison by creating educational opportunities for success in their communities and life.

Each entrepreneur will receive a one-time unrestricted grant, as well as one year of professional leadership coaching and capacity building support from New Profit. The goal is to help catalyze the growth and impact of each organization. In addition, New Profit, FREEAMERICA, and Bank of America will work with the entrepreneurs to share their stories and build collective will in support of criminal justice system reform.

These entrepreneurs have seen firsthand how the criminal justice system impacts individuals and families, and we believe their organizations have enormous potential because they have been built on life experiences. Beyond their ability to strengthen and spread their respective solutions, we know that these entrepreneurs, together, can be a collective force for positive change.

— Tulaine Montgomery, Managing Partner at New Profit and lead of Unlocked Futures program

Unlocked Futures, and the entrepreneurs participating in the program, aim to drive meaningful progress to address key challenges related to America’s criminal justice system, which currently houses 2.2 million individuals, costs taxpayers $80 billion a year, and disproportionately affects communities of color. Up to 60 percent of formerly incarcerated individuals remain unemployed one year after release, and partly as a result, more than four out of ten return to prison within three years.

“We recognize that second chances for formerly incarcerated individuals are integral to building thriving economies,” said Kerry Sullivan, President of the Bank of America Charitable Foundation. “Partnering with FREEAMERICA and New Profit is one way we deploy capital to help create solutions that reduce the prison population and advance economic mobility for individuals who are re-establishing themselves in society.”