Credit: Morgue File

Rapper Lupe Fiasco announced on Twitter, over the weekend, that he is officially co-founder of a brand new non-profit endeavor with the goal of helping young inner-city entrepreneurs “turn ideas into start-ups.”

The project is called the “Neighborhood Start Fund.

The projects mission is “a neighborhood-specific fund to support entrepreneurs and start-ups from undeserved areas and of course so the best new ideas won’t go wasted. We provide access, network, workshops, mentoring and of course funding,” according to “Neighbor Start Fund’s” website.

Fiasco and project co-founder Di-Ann Esinor will kick off the inaugural neighborhood fund for entrepreneurs and start-ups with a live pitch event in Brooklyn next month, according to Rolling Out. 

“Our first neighborhood is Brownsville Brooklyn,” says Esinor. “We’ve just opened the idea competition and the first live pitch event will be Nov. 13, 2015. We will be housed at the Dream Big Foundation’s new entrepreneurship center and cafe opening in Jan. 2016.”