Unique Nonprofit: Native American business incubator is one of few in country
An incubator within an incubator. That’s how principals at Arrowhead Incubator describe their non-profit, which will seek out new enterprise opportunities for Native Americans – and has its office within the Traverse City tech incubator 20Fathoms.
“What’s better than to be in an incubator (with) knowledge and resources? That’s where 20Fathoms came into play,” said Kyle Anderson.
“I looked at 20Fathoms for what it can do as a model for us as a nonprofit and an incubator,” said Thomas Wilbur.
The two founded the Arrowhead with Shiloh Slomsky, who serves as its executive director. Anderson is chair of the Arrowhead Incubator board of directors and Wilbur is vice chair.
Arrowhead Incubator – AHIN for short – is unique in the area and one of the few such nonprofits in the country.
“The big picture is there are not a lot of Native American 501(c)3s,” said Anderson.