Chicago rapper Lupe Fiasco announced over the weekend that he’s co-founded a new non-profit endeavor with the goal of helping young inner-city entrepreneurs “turn ideas into start-ups.”

The project, announced by Fiasco via Twitter, is called the Neighborhood Start Fund and according to the project’s website its mission is to create “a neighborhood-specific fund to support entrepreneurs and start-ups from underserved areas and of course so the best new ideas won’t go wasted. We provide access, network, workshops, mentoring and of course funding.”

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.

“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.”

For more information on the Neighborhood Start Fund please visit www.start.fund