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Halcyon

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uuid00swmkn

Namestring
Halcyon
Legal namestring
Halcyon House
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Halcyon (legally Halcyon House) is a Washington, DC-based 501(c)(3) nonprofit accelerator and fellowship operator founded in 2014 that supports early-stage, impact-driven entrepreneurs through free, immersive programming. Its portfolio organizes around three verticals — Climate, Health, and EquityTech — each anchored by a multi-week in-person residency in Washington, DC and supplemented by regional accelerator variants in Sub-Saharan Africa (Nairobi), Latin America and the Caribbean, Mexico, and the DMV region. The core 18-month Residential Fellowship provides free co-working space, a living stipend, mentorship, leadership coaching, legal and technical support, non-dilutive program funding, AWS cloud credits, and access to a global community of more than 650 alumni founders.

Program offerings are delivered directly to selected founders via a competitive application process; Halcyon does not charge participants. The underlying technology stack is intentionally thin — Halcyon is not a software company and builds no proprietary product — relying instead on commodity cloud infrastructure (AWS), a CRM, and online application portals to administer cohorts and alumni engagement. Core delivered products include the Climate, Health, EquityTech, Global Climate, LAC Climate, Africa Climate Resilience & Food Security, DMV Climate Innovation, US Health, and EquityTech Accelerators, plus the foundational 18-month Halcyon Incubator fellowship.

Revenue is sourced exclusively from donations, grants, and corporate sponsorships rather than equity, fees, or product sales. Marquee institutional and corporate supporters include Amazon Web Services, Kaiser Permanente, Deloitte, IDB Lab, the U.S. International Development Finance Corporation (DFC), the World Bank Group, USAID, Bank of America, Capital One, Truist, Hewlett Packard Enterprise, the Skoll Foundation, the Bush Foundation, and Arnold & Porter. A separate capital vehicle, Halcyon Venture Partners, has begun deploying direct equity into alumni (e.g., a co-investment in Theorem's $6M seed round in January 2026), extending the funding model beyond non-dilutive grants for the first time.

Short descriptiontext

Halcyon (Halcyon House) is a Washington, DC-based 501(c)(3) nonprofit accelerator that runs residency-based fellowship programs in Climate, Health, and EquityTech — with regional variants across Africa, Latin America, the Caribbean, Mexico, and the US — for early-stage impact-driven entrepreneurs, funded by donations and corporate partnerships.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersWashington, United States
HQ citystring
Washington
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
social impact accelerator, nonprofit startup incubator, founder fellowship programs, climate venture support, social entrepreneur development
Industry1 code
1Impact Investing & Social Finance (Funds, CDFIs, Microfinance)
CodeBPAGALAAPrimaryYes
NAICS code2 codes
  • Grantmaking and Giving Services8132
  • Other Grantmaking and Giving Services813219
Product category
Social Impact Accelerator
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Donations and Grants
TypeProfessional Services
Description

Halcyon operates as a nonprofit and is funded through donations, grants, and support from foundations, corporations, and individuals. Revenue is received from charitable contributions, program-related support, and foundation grants. The organization is transparent with audited financials and IRS Form 990s publicly available.

halcyonaccelerator.org
Marketing channels12 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Halcyon is a 501(c)(3) nonprofit impact accelerator that runs residential and virtual fellowship programs for early-stage, impact-driven entrepreneurs. It provides mentorship, leadership coaching, workspace, living stipends, and non-dilutive funding to founders building ventures in three verticals: Climate, Health, and EquityTech. Programs are delivered through multiple regional cohorts (Global, Latin America & Caribbean, Africa, Washington DC metro, and U.S.) at no cost to participating entrepreneurs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 650+ impact-driven entrepreneurs engaged through programs
+4 more records
Product overview1 text field

Halcyon is an accelerator and incubator organization supporting early-stage impact-driven entrepreneurs. It is not a unified software product but rather offers a portfolio of accelerator programs across three vertical focus areas: Climate, Health, and EquityTech. The core programs include an 18-month Residential Fellowship (Halcyon Incubator) providing workspace, mentorship, leadership coaching, and stipends; Global Climate Accelerator; LAC Climate Accelerator; Climate Resilience & Food Security in Africa Accelerator; DMV Climate Innovation Fellowship; US Health Accelerator; and EquityTech Accelerator. These programs are supplemented by skills training, expert networks, and access to funding resources.

Product and service7 records
1Halcyon Residential Fellowship (Incubator)
CategorySocial Impact Accelerator
Description

An 18-month in-person fellowship (initial intensive plus six-month venture-building phase) providing founders with mentorship, leadership coaching, workspace, living stipends, and non-dilutive funding. Designed for early-stage impact-driven founders ready to scale their ventures.

2Global Climate Accelerator
3LAC Climate Accelerator
CategoryClimate Vertical Accelerator
Description

Region-specific virtual climate accelerator for founders based in Latin America and the Caribbean who are building climate-impact ventures.

4Climate Resilience & Food Security in Africa Accelerator
CategoryClimate Vertical Accelerator
Description

Region-specific virtual accelerator for Africa-based founders building climate resilience and food security solutions, with a focus on locally relevant climate adaptation.

5DMV Climate Innovation Fellowship
CategoryClimate Vertical Accelerator
Description

Virtual climate fellowship for founders in the Washington D.C., Maryland, and Virginia (DMV) region working on climate solutions.

6US Health Accelerator
CategoryHealth Vertical Accelerator
Description

Virtual health-vertical accelerator supporting U.S.-based early-stage founders building ventures that improve health outcomes and access.

7EquityTech Accelerator
CategoryEquityTech Vertical Accelerator
Description

Virtual accelerator supporting early-stage founders building ventures in the EquityTech vertical — products and services designed to address systemic inequities.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMinorTypeOthers
Description

GuideStar by Candid awarded Halcyon the 2023 Platinum Transparency Seal, the highest level of recognition for nonprofit transparency, recognizing Halcyon's commitment to financial accountability and public disclosure.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global network of leading social entrepreneurs ('Ashoka Fellows') with support infrastructure and systems-change focus. Ashoka is a direct peer in the social-entrepreneur support category and a leading voice in the impact ecosystem.

TypeDirect peer
Description

A long-established fellowship for social entrepreneurs providing multi-year stipends, mentorship, and a global alumni network. Echoing Green is the most direct comparator to Halcyon's impact-fellowship model and shared donor ecosystem.

TypeDirect peer
Description

Impact-focused accelerator running vertical programs (climate, health, fintech) with peer-selection methodology. Overlaps with Halcyon's vertical approach and impact-funder backing.

TypeDirect peer
Description

Impact-investing pioneer that runs accelerator programs (e.g., Acumen Academy, East Africa Accelerator) combining patient capital, fellowship, and leadership training. Highly comparable to Halcyon's Climate and Africa programs.

TypeRegional player
Description

Washington, D.C.-based startup hub and incubator operating in the same DMV ecosystem where Halcyon's residential fellowship is anchored. Comparable on geography and policy/innovation focus but broader in sector coverage.

TypeBroad incumbent
Description

Largest and most influential global startup accelerator. While not impact-focused, it is the benchmark accelerator for founder pipeline, alumni outcomes, and brand — a comparison anchor for Halcyon's scaling and network ambitions.

TypeBroad incumbent
Description

U.S. think tank and policy organization with grantmaking and fellowship programs addressing equity, education, and economic mobility. Comparable as a D.C.-based, grant-funded, mission-driven organization with overlapping funder base.

TypeEmerging player
Description

Accelerator supporting women-led and health-focused ventures with mentor networks and investor connections. Partial overlap with Halcyon's Health vertical and women-founder focus, though smaller in scale.

TypeDirect peer
Description

Impact accelerator supporting entrepreneurs tackling big social and environmental problems through curated cohorts, mentorship, and investor introductions. Competes with Halcyon for impact founders and corporate sponsor attention.

TypeBroad incumbent
Description

Global accelerator network with vertical-specific programs and corporate partnerships (e.g., Techstars Sustainability, Equitech). Relevant as an incumbent operating vertical accelerators in overlapping sectors.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers14 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment10 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Halcyon

Social Impact Acceleratorhalcyonaccelerator.org

Halcyon (Halcyon House) is a Washington, DC-based 501(c)(3) nonprofit accelerator that runs residency-based fellowship programs in Climate, Health, and EquityTech — with regional variants across Africa, Latin America, the Caribbean, Mexico, and the US — for early-stage impact-driven entrepreneurs, funded by donations and corporate partnerships.

What Halcyon does

Halcyon (legally Halcyon House) is a Washington, DC-based 501(c)(3) nonprofit accelerator and fellowship operator founded in 2014 that supports early-stage, impact-driven entrepreneurs through free, immersive programming. Its portfolio organizes around three verticals — Climate, Health, and EquityTech — each anchored by a multi-week in-person residency in Washington, DC and supplemented by regional accelerator variants in Sub-Saharan Africa (Nairobi), Latin America and the Caribbean, Mexico, and the DMV region. The core 18-month Residential Fellowship provides free co-working space, a living stipend, mentorship, leadership coaching, legal and technical support, non-dilutive program funding, AWS cloud credits, and access to a global community of more than 650 alumni founders.

Program offerings are delivered directly to selected founders via a competitive application process; Halcyon does not charge participants. The underlying technology stack is intentionally thin — Halcyon is not a software company and builds no proprietary product — relying instead on commodity cloud infrastructure (AWS), a CRM, and online application portals to administer cohorts and alumni engagement. Core delivered products include the Climate, Health, EquityTech, Global Climate, LAC Climate, Africa Climate Resilience & Food Security, DMV Climate Innovation, US Health, and EquityTech Accelerators, plus the foundational 18-month Halcyon Incubator fellowship.

Revenue is sourced exclusively from donations, grants, and corporate sponsorships rather than equity, fees, or product sales. Marquee institutional and corporate supporters include Amazon Web Services, Kaiser Permanente, Deloitte, IDB Lab, the U.S. International Development Finance Corporation (DFC), the World Bank Group, USAID, Bank of America, Capital One, Truist, Hewlett Packard Enterprise, the Skoll Foundation, the Bush Foundation, and Arnold & Porter. A separate capital vehicle, Halcyon Venture Partners, has begun deploying direct equity into alumni (e.g., a co-investment in Theorem's $6M seed round in January 2026), extending the funding model beyond non-dilutive grants for the first time.

Halcyon firmographics

Firmographics
Name
Halcyon
Legal name
Halcyon House
Website
https://halcyonaccelerator.org
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
11–50 employees
Short description
Halcyon (Halcyon House) is a Washington, DC-based 501(c)(3) nonprofit accelerator that runs residency-based fellowship programs in Climate, Health, and EquityTech — with regional variants across Africa, Latin America, the Caribbean, Mexico, and the US — for early-stage impact-driven entrepreneurs, funded by donations and corporate partnerships.
Ownership category
akta.pro rank

Halcyon industry classification

Industry
Product category
Social Impact Accelerator
NAICS
Grantmaking and Giving Services (8132), Other Grantmaking and Giving Services (813219)
akta.pro primary industry
Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

Keywords

  • Social impact accelerator
  • Nonprofit startup incubator
  • Founder fellowship programs
  • Climate venture support
  • Social entrepreneur development

Where Halcyon is headquartered

Location

Headquarters

HQ city
Washington
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Halcyon business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Donations and Grants: Halcyon operates as a nonprofit and is funded through donations, grants, and support from foundations, corporations, and individuals. Revenue is received from charitable contributions, program-related support, and foundation grants. The organization is transparent with audited financials and IRS Form 990s publicly available.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels12 records

Halcyon product offering

Product offering

Core offering

Halcyon is a 501(c)(3) nonprofit impact accelerator that runs residential and virtual fellowship programs for early-stage, impact-driven entrepreneurs. It provides mentorship, leadership coaching, workspace, living stipends, and non-dilutive funding to founders building ventures in three verticals: Climate, Health, and EquityTech. Programs are delivered through multiple regional cohorts (Global, Latin America & Caribbean, Africa, Washington DC metro, and U.S.) at no cost to participating entrepreneurs.

Product overview

Halcyon is an accelerator and incubator organization supporting early-stage impact-driven entrepreneurs. It is not a unified software product but rather offers a portfolio of accelerator programs across three vertical focus areas: Climate, Health, and EquityTech. The core programs include an 18-month Residential Fellowship (Halcyon Incubator) providing workspace, mentorship, leadership coaching, and stipends; Global Climate Accelerator; LAC Climate Accelerator; Climate Resilience & Food Security in Africa Accelerator; DMV Climate Innovation Fellowship; US Health Accelerator; and EquityTech Accelerator. These programs are supplemented by skills training, expert networks, and access to funding resources.

Differentiator

Problem solved

Functional benefit

Products and services

  • Halcyon Residential Fellowship (Incubator) An 18-month in-person fellowship (initial intensive plus six-month venture-building phase) providing founders with mentorship, leadership coaching, workspace, living stipends, and non-dilutive funding. Designed for early-stage impact-driven founders ready to scale their ventures.
  • Global Climate Accelerator
  • LAC Climate Accelerator Region-specific virtual climate accelerator for founders based in Latin America and the Caribbean who are building climate-impact ventures.
  • Climate Resilience & Food Security in Africa Accelerator Region-specific virtual accelerator for Africa-based founders building climate resilience and food security solutions, with a focus on locally relevant climate adaptation.
  • DMV Climate Innovation Fellowship Virtual climate fellowship for founders in the Washington D.C., Maryland, and Virginia (DMV) region working on climate solutions.
  • US Health Accelerator Virtual health-vertical accelerator supporting U.S.-based early-stage founders building ventures that improve health outcomes and access.
  • EquityTech Accelerator Virtual accelerator supporting early-stage founders building ventures in the EquityTech vertical — products and services designed to address systemic inequities.

Quantifiable outcome

  • 650+ impact-driven entrepreneurs engaged through programs
  • +4 more outcomes

Companies that use Halcyon

Customer profile

Named customers14 records

Segments3 records

Ideal customer profiles4 records

Halcyon technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Halcyon partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • GuideStar by CandidminorOthersGuideStar by Candid awarded Halcyon the 2023 Platinum Transparency Seal, the highest level of recognition for nonprofit transparency, recognizing Halcyon's commitment to financial accountability and public disclosure.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Halcyon competitors and assessment

Company assessment

Direct peers

  • Ashoka: Global network of leading social entrepreneurs ('Ashoka Fellows') with support infrastructure and systems-change focus. Ashoka is a direct peer in the social-entrepreneur support category and a leading voice in the impact ecosystem.
  • Echoing Green: A long-established fellowship for social entrepreneurs providing multi-year stipends, mentorship, and a global alumni network. Echoing Green is the most direct comparator to Halcyon's impact-fellowship model and shared donor ecosystem.
  • Village Capital: Impact-focused accelerator running vertical programs (climate, health, fintech) with peer-selection methodology. Overlaps with Halcyon's vertical approach and impact-funder backing.
  • Acumen: Impact-investing pioneer that runs accelerator programs (e.g., Acumen Academy, East Africa Accelerator) combining patient capital, fellowship, and leadership training. Highly comparable to Halcyon's Climate and Africa programs.
  • Unreasonable: Impact accelerator supporting entrepreneurs tackling big social and environmental problems through curated cohorts, mentorship, and investor introductions. Competes with Halcyon for impact founders and corporate sponsor attention.

Regional players

  • 1776: Washington, D.C.-based startup hub and incubator operating in the same DMV ecosystem where Halcyon's residential fellowship is anchored. Comparable on geography and policy/innovation focus but broader in sector coverage.

Broad incumbents

  • Y Combinator: Largest and most influential global startup accelerator. While not impact-focused, it is the benchmark accelerator for founder pipeline, alumni outcomes, and brand — a comparison anchor for Halcyon's scaling and network ambitions.
  • New America: U.S. think tank and policy organization with grantmaking and fellowship programs addressing equity, education, and economic mobility. Comparable as a D.C.-based, grant-funded, mission-driven organization with overlapping funder base.
  • Techstars: Global accelerator network with vertical-specific programs and corporate partnerships (e.g., Techstars Sustainability, Equitech). Relevant as an incumbent operating vertical accelerators in overlapping sectors.

Emerging players

  • Springboard Enterprises: Accelerator supporting women-led and health-focused ventures with mentor networks and investor connections. Partial overlap with Halcyon's Health vertical and women-founder focus, though smaller in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Halcyon social profiles

Digital presence

Halcyon financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Halcyon leadership team

Management profile

Number of profiles

Profiles8 records

Halcyon funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Halcyon M&A and investment

M&A and investment

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halcyon

What does Halcyon do?

Halcyon is a 501(c)(3) nonprofit impact accelerator that runs residential and virtual fellowship programs for early-stage, impact-driven entrepreneurs. It provides mentorship, leadership coaching, workspace, living stipends, and non-dilutive funding to founders building ventures in three verticals: Climate, Health, and EquityTech. Programs are delivered through multiple regional cohorts (Global, Latin America & Caribbean, Africa, Washington DC metro, and U.S.) at no cost to participating entrepreneurs.

Is Halcyon a public or private company?

Halcyon is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Halcyon founded?

Halcyon was founded in 2014. It employs 11 to 50 people.

Where is Halcyon based?

Halcyon is headquartered in Washington, United States, in the North America region.

How does Halcyon make money?

One revenue line is on record: donations and Grants.

Who are Halcyon's main competitors?

Direct peers on record are Ashoka, Echoing Green, Village Capital, Acumen and Unreasonable. 1776 is listed as a regional player. Broad incumbents are Y Combinator, New America and Techstars. Springboard Enterprises is listed as an emerging player.

Does Halcyon have an API?

No public API is recorded for Halcyon.

What industry is Halcyon in?

Halcyon's product category is Social Impact Accelerator. Its primary akta.pro industry code is BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance). Its NAICS code is 8132.

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Live signals
TechCabalGermany offered Adekoyejo Kuye a future. He chose Nigeria.Adekoyejo Kuye, founder of Nigerian climate-tech company KAMIM Technologies, is participating in Halcyon’s 2026 Africa Food & Climate Resilience programme to expand his solar-powered cold storage infrastructure. Kuye chose to return to Nigeria from Germany to address post-harvest food losses by building physical supply chain solutions for smallholder farmers rather than pursuing a conventional engineering career in Europe. The initiative highlights the critical need for agricultural infrastructure investment and policy support to reduce food inflation and waste in Nigeria.HalcyonacceleratorIntroducing Halcyon’s 2026 Cohort for the Climate Resilience & Food Security in Africa AcceleratorHalcyon announced its 2026 cohort for the Climate Resilience & Food Security in Africa program, comprising 16 entrepreneurs from ten startups across seven African countries. The four-month program includes residencies in Accra and Nairobi, virtual days, and training on product-market fit, capital strategy, and leadership. The initiative is supported by Amazon Web Services.OpportunitydeskHalcyon Climate Resilience & Food Security in Africa Fellowship 2026 – Opportunity DeskHalcyon is accepting applications for the 2026 Climate Resilience & Food Security in Africa Fellowship, targeting for-profit startups building scalable solutions for climate adaptation and food security. Selected entrepreneurs will participate in a hybrid program involving residencies in Accra, Ghana, and Nairobi, Kenya, while receiving AWS credits and an equity-free stipend.PR NewswireHalcyon Hosts Mission-Driven Start-ups in Abu Dhabi in Collaboration with the U.S. State Department and Access Abu Dhabi, Supported by the Abu Dhabi Investment OfficeWashington, D.C.-based incubator Halcyon concluded a week-long residency in Abu Dhabi for 28 founders from its Middle East and North Africa Fellowship program. The event was conducted in partnership with Amazon Web Services and supported by the U.S. Department of State, while collaborating locally with Access Abu Dhabi and the Abu Dhabi Investment Office to foster startup growth.BitlyMeet the 10 companies in Halcyon’s new program for Black and brown female foundersThe Halcyon incubator has launched its Future Builders Intensive program to support Black and Latinx female founders, which includes 10 inaugural members across various sectors such as education and housing. Each founder will receive a $5,000 grant and participate in workshops focused on investment readiness and leadership development, culminating in a week-long residency and pitch night. Halcyon aims to address the lack of support for this growing demographic of entrepreneurs.TechnicalPower Moves: Martha Metz is the new board chair of HalcyonMartha Metz has been appointed as the new board chair of social impact accelerator Halcyon, succeeding cofounder Sachiko Kuno who transitioned to chair emeritus. The article also details significant leadership changes at QED Investors, where Tommy Blanchard joins as COO and Alexandra Piedrahita is added to expand UK presence. A broader section lists numerous executive appointments and promotions across various technology, consulting, and government services firms in the Washington D.C. region.PR NewswireHalcyon Releases 2019 Ranking of Best Cities for Social EntrepreneursHalcyon released its 2019 Social Enterprise Ecosystems Report, ranking Boston as the top U.S. city for social entrepreneurs based on funding, human capital, quality of life, and support systems. The report highlights evolving trends in the sector, including a narrowing funding gap for younger entrepreneurs and demographic disparities in capital access.