SunDown Group seeking entrepreneurial grants after nonprofit certification (InfoGPS cited as an example of previous success)

SunDown Group, the entrepreneurial organization that grew from SunDown RunDown business pitch events, has added a foundation arm that enables it to apply for grants from Kauffman Foundation, Columbus Foundation and others.The IRS has certified SunDown Foundation as a 501(c)3, a status required by many grant-making organizations. In contrast, the New Albany-based parent can’t apply because it’s a 501(c)6, an IRS category for trade groups and chambers of commerce.“It’s trying to make our organization much more nimble,” founder Paul Proffitt said.Proffitt said he's already started applying for grants to start expanding its entrepreneurial training and business-building services across the state. SunDown focuses on so-called "lifestyle businesses" and startups outside the high-growth tech industry niches that established groups such as Rev1 Ventures and Ohio TechAngel Funds focus on. The way Proffitt sees it, a company that builds sustainable revenue and Ohio jobs is as essential to the economy as the rare billion-dollar acquisition target.“There are significant gaps in helping out other companies and other organizations that want to develop their own entrepreneurial programming,” he said.Formerly named for its SunDown RunDown business pitch events in five cities, SunDown Group also runs entrepreneurial training courses, works with Columbus College of Art & Design students who want to start businesses, and coordinates volunteer experts in accounting, marketing and other business savvy.A cybersecurity startup, Mansfield-based InfoGPS Networks Inc., closed a $260,000 funding round this year after meeting angel investors at the Mansfield chapter's pitch event, Proffitt said. The group has about $500,000 in commitments toward an investment fund. Proffitt started trying to raise $1.2 million toward an eventual $5 million fund last year.Carrie Ghose covers health care, startups and technology for Columbus Business First.

SunDown Group seeking entrepreneurial grants after nonprofit certification (InfoGPS cited as an example of previous success)
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