Establish innovative finance options to enable inclusive innovation.

Conduct needs assessment survey to gather information on challenges focused on finance and the existing barriers faced by diverse underrepresented groups using surveys, focus groups, one-to-one interviews by reaching out to community partners who are working with different groups of people. They can act as liaisons between the ecosystem representatives and underrepresented groups.
Review existing or establish new microloan programs and small business grants with flexible terms so that the eligibility requirements and documents that should be submitted are considered on a case by case basis with simple application forms. This is done so that the application process itself does not deter potential applicants.
Review existing funds to see if they are focused on innovation and social impact, rather than social impact alone, specifically targeting underrepresented innovative entrepreneurs as the focus here is on inclusive innovation.
Financing options can also be focused on revenue and could be offered to align repayment with business performance. This might help those business run by underrepresented groups who are struggling to find development funds for some of their successful ventures.