$1 million grant from the Blackstone Charitable Foundation to support entrepreneurs from underrepresented backgrounds in Chicago will go to major players 1871 and UI Labs as well as specialty groups Blue1647, Bunker Labs and i.c. stars.
The recipients make up the first phase of a three-year Blackstone Challenge project that could award grants totaling $3.4 million for organizations in Chicago that help diverse entrepreneurs start or grow companies.