Announcing the Nitro Fund

Steven Lewis • October 12, 2022
Three people pose in front of a

The Boost Pad is proud to announce the launch of the Nitro Fund – a new program to boost the success of underrepresented entrepreneurs.

Nationally, funding for minority and female founders remains at abysmal levels. Last year, only 2.6% of venture capital investments went to minorities, and 2.2% went to women.* The Nitro Fund is a venture philanthropy fund that aims to fill the gaps in traditional financing for underrepresented founders in the Charlotte area. 

From day one, The Boost Pad understood that our ability to impact economic mobility in Charlotte depended on getting resources into the hands of underrepresented entrepreneurs. We were inspired by the venture philanthropy work done by The Rockefeller Foundation and went to work adapting their model to fit our program.

The Nitro Fund will provide grants, make equity investments, or provide loans to businesses that have demonstrated market traction and a path to profitability. Funding will be made available to graduates of the Boost Pad’s business training program. 

Co-Executive Director Steven Lewis explained, “As we looked at the work done by the entrepreneurs in the first three cohorts, one person really stood out. Eric DeWalt participated in all the meetings, completed all the deliverables, and was focused on growing his business. We saw Eric take his idea and turn it into a business with help from The Boost Pad. Eric exemplifies an individual that benefited from the three Cs that the Boost Pad delivers. The ability to deliver startup currency to our entrepreneurs had always been aspirational, and due to the Nitro Fund, it is now a reality.”

The Nitro Fund was launched with a $45,000 sponsorship grant from TheStartup.com and will grow its assets through donations and investment returns from the businesses. Boost Pad donors will have the option to designate all or a portion of their tax-deductible donations to the Nitro Fund. 

The Boost Pad believes that everyone should have the opportunity to pursue their dreams. By continuing to find innovative ways to promote economic mobility, we are boosting a new generation of female and BIPOC entrepreneurs and encouraging the emergence of a more dynamic, more equitable Charlotte. 

Founder Stories & Startup Wins — The Boost Pad

By Mark Babaran April 28, 2026
What happens when The Boost Pad, a Charlotte-based nonprofit, joins forces with two remarkable interns from different universities across our region? Something powerful begins to take shape. Fresh ideas meet meaningful purpose. Innovation meets impact. And everyone involved grows in the process. That’s exactly what we’ve experienced with Colette Dwyer (Davidson College) and Nevyn Brown (UNC Charlotte) —two emerging leaders whose work is already translating into real-world results. 🚀 Founder Win: Nevyn Brown | FundU Execution creates opportunities—and Nevyn is a clear example of that in action. Nevyn recently secured 1st place at UNC Charlotte’s 49-Minute Pitch Competition, earning $8,000 in funding for his startup, FundU. FundU is a mobile platform that enables nonprofits to raise money by partnering with local businesses—transforming everyday purchases into a scalable fundraising engine. At the same time, it helps small businesses generate consistent customer demand. What made FundU stand out wasn’t just the idea—it was the clarity behind it: A clearly defined problem across two markets A solution that creates value for both nonprofits and businesses Early traction with pilot partnerships A model designed to scale across campuses and cities Beyond his venture, Nevyn contributes to The Boost Pad through marketing, social media, and technical strategy—bringing a data-driven and execution-focused mindset to everything he builds. With a launch planned for late May, FundU is already moving from concept to real-world impact. 🌱 Founder Win: Colette Dwyer Impact isn’t only built through ventures—it’s also built through research, communication, and the ability to translate ideas into meaningful action. Colette, a student of Biology and Hispanic Studies at Davidson College, recently presented her original research at the Association of Southeastern Biology Research Conference—an experience that sharpened both her scientific thinking and her ability to communicate complex ideas with clarity. Her work focused on prairie restoration practices and their application to sustainability. Through a year of independent research, she established baseline findings that contribute to future environmental studies and sustainable interventions. By tracking emerging trends and presenting them to the Davidson Biology Department and conference judges, Colette demonstrated both analytical depth and clarity in storytelling. Her work was recognized with the Best Poster Presentation Award , a testament to both the quality of her research and her ability to translate technical insights into compelling narratives. At The Boost Pad, Colette has extended these same strengths into storytelling and collaboration—contributing to newsletter and blog creation while helping build an alumni network alongside Nevyn Brown. Her ability to connect research, communication, and community-building reflects the kind of multidimensional leadership we aim to cultivate. 🔑 Where Mindset Becomes Action These moments reflect something deeper than individual wins. They represent the shift we focus on every day at The Boost Pad: From ideas → execution From learning → application From vision → measurable progress This is where entrepreneurs stop asking “What should I build?” …and start proving “Here’s what I’m building—and why it matters.” âš¡ Building What’s Next From expanding partnerships to developing new talent, everything we’re doing is centered on one goal: Creating real pathways for entrepreneurs to build, grow, and succeed. What we’ve seen with Colette and Nevyn is exactly what The Boost Pad is built for. Bringing together talent, opportunity, and real-world execution to create meaningful outcomes—for founders and for the communities they serve.  And if this is only the beginning, we’re excited to see what they build next. The Boost Pad Team Building entrepreneurs. Strengthening communities.
By Mark Babaran March 23, 2026
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By Mark Babaran December 30, 2025
2025 was shaped by people. Join us as we thank our community and look ahead to what’s next at The Boost Pad.
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