IBank California

Members of the IBank team recently attended the ribbon cutting ceremony and the maiden voyage of the world’s first hydrogen-powered ferry, marking a momentous achievement toward a future of clean transportation. IBank is thankful for everyone involved in making this achievement possible, from our own staff to our partners at Bay Area Air Quality Management District, Nor-Cal FDC, California Energy Commission, Key Bank, California State Transportation Agency and more! Read more about the hydrogen-powered ferry here: https://bit.ly/4d64tKx

You’re just minutes away from discovering loans crafted for your small business. California Small Business Loan Match is a new, no-cost lender-match tool provided by IBank, the state agency helping to promote a healthy economic climate in California communities. Loan Match eases the process of finding trusted loans for California entrepreneurs, gathering dozens of lenders in one place for a one-stop experience, saving you time. Watch the short demo below! Learn more: https://bit.ly/3X4ZSmV

Derrick Tang, IBank's Deputy Director of Venture Capital was recently featured on the Swimming with Allocators podcast. Watch to learn more about how IBank is working to create a more inclusive VC environment: https://bit.ly/4eWUUPN

Attention Lenders: Register for the GoGreen Financing and CA IBank Interactive Virtual Workshop on July 16 from noon to 2 p.m. IBank California and the California State Treasurer's Office invite CDFIs and other community lenders to participate in an interactive virtual workshop to learn about the state’s planned climate financing offerings and enhancements to GoGreen Business, share your feedback, and explore opportunities to collaborate. Register for the webinar: https://bit.ly/4eYIWF9 Learn more: https://conta.cc/3Ljdm7v

Can today's governments serve as Venture Capitalists? California’s first public venture fund, led by Derrick Tang at IBank California and appointed by Governor Newsom, is challenging traditional notions of investment. This fund isn’t just about financial returns—it’s a bold step towards transformative equity in innovation, focusing on climate justice and supporting underrepresented entrepreneurs. Tune into this week’s episode of Swimming with Allocators to hear Tang discuss its dual goals: achieving financial returns while fulfilling social equity objectives. Discover how this innovative approach aims to redefine public sector involvement in the venture capital landscape, blending finance, social justice, and government policy to shape the future of investment. cc: Alexa Binns

Join the IBank team! We're hiring a Small Business Finance Center Analyst. Learn more and apply here: https://bit.ly/3RRLxH8

IBank has released terms for a suite of financial products tentatively planned for release at the launch of the program capitalized by the National Clean Investment Fund: - A Climate Loan Guarantee product. - A Climate Loan Participation product. - A Climate Incentives Bridge Loan product. Eligible priority project categories (“sectors”) include:  - Distributed Energy Generation and Storage.  - Net-Zero Emissions Buildings. - Zero-Emission Transportation. Learn more about IBank's planned climate financing products: bit.ly/3XBkROH PLEASE NOTE: Release of IBank's climate financing products is pending further internal refinement, finalization of U.S. EPA requirements, and final approval of IBank’s Board of Directors. All projects must meet U.S. EPA’s NCIF requirements and comply with federal funding requirements, as outlined in the NCIF Notice of Funding Opportunity and final documents. 

On Thursday, June 20, IIE.VC hosted the LP & Emerging Manager Summit in collaboration with our partners at Nasdaq Entrepreneurial Center. We brought together over 100 LPs, GPs, state & federal government leaders, and VC ecosystem partners at the Nasdaq Entrepreneurial Center in San Francisco to discuss the future of venture capital, highlighting the critical role of public policy in the U.S. VC industry. Thank you to Sydecar, Andrew Brown of Nakama, Wilson Sonsini Goodrich & Rosati and KPMG US for supporting the Summit. ☀️ Institutional LPs Susie Lee from W.K. Kellogg Foundation, Kelli Fontaine Cendana Capital, and Lisha Bell PayPal Economic Opportunity Fund shared their work investing in emerging fund managers. 🙌 Our Keynote Speaker Seema Hingorani, Managing Director, Morgan Stanley Investment Management; Founder & Chair, Girls Who Invest told her journey from Chief Investment Office of New York City to ensuring more women are represented as investors and allocators. 🌟 Troy Cosey, Head of Platform, Kapor Center Investments and venture investors Christa Williams Cherryrock Capital, Mahrinah Lavi Shije, MBA, Manan M. Unshackled Ventures, and Barry Givens Collab Capital encouraged us all to focus, ignore distractions, and choose curiosity instead of fear. 🏛 State VC leaders Shrina Kurani of IBank California, Aurelia Flores Virginia Innovation Partnership Corporation and Karl Fooks U.S. Department of Treasury shared more about their work investing in VC funds through the Treasury SSBCI program, more info here: https://lnkd.in/gbZH-Jxt It was great seeing my longtime friends and collaborators Maryam Haque Venture Forward, Courtney Russell McCrea, Beto Pallares, Jessica Karr, Carmen Palafox, Alexandre Lazarow, Eric Cromwell. And a special shout out to our organizers Jessica Straus Fuchs, chris trinetti, Calvin Cooper, Marin Ping, Celena Aponte, Nicola Corzine, Teleange' Thomas

Building the next-generation of venture capital funds that truly reflect our diversity as a nation takes more than just capital. A new venture capital ecosystem requires the leadership of policy makers, limited partners, investors, nonprofits, lawyers and audit partners. Today, our team at Nasdaq Entrepreneurial Center and IIE.VC hosted the LP & Emerging Manager Summit to bring together this ecosystem. It's a pleasure to work alongside chris trinetti Calvin Cooper Elan Dimacchia Celena Aponte Nicola Corzine to do this work. Thank you to Sydecar, Andrew Brown of Nakama, Wilson Sonsini and KPMG for supporting the Summit. ☀️ Institutional LPs Susie Lee from W.K. Kellogg Foundation, Kelli Fontaine Cendana Capital, Lisha Bell PayPal Economic Opportunity Fund shared their work investing in emerging fund managers. 🙌 Seema Hingorani, Managing Director, Morgan Stanley Investment Management; Founder & Chair, Girls Who Invest told her journey from Chief Investment Office of New York City to ensuring more women are represented as investors and allocators. 🌟 Troy Cosey, Head of Platform, Kapor Center Investments and venture investors Christa Williams Cherryrock Capital, Mahrinah Lavi Shije, MBA, Manan M. Unshackled Ventures, Barry Givens Collab Capital encouraged us all to focus, ignore distractions, and choose curiosity instead of fear. 🏛 State VC leaders Shrina Kurani of IBank California, Aurelia Flores VIPC | Virginia Innovation Partnership Corporation, Karl Fooks U.S. Department of the Treasury shared more about their work investing in VC funds through the Treasury SSBCI program, more info here: https://lnkd.in/gbZH-Jxt It was great seeing my longtime friends and collaborators Maryam Haque Venture Forward, Courtney Russell McCrea, Beto Pallares, Jessica Karr, Carmen Palafox, Alexandre Lazarow, Eric Cromwell

IBank has helped museums across California expand and upgrade their facilities through our bond financing program! Here are a few of the museums we've helped!