In business, it takes money to make money. Yet for many Black and Latinx founders, access to capital is a barrier to entry into their respective industries. Another barrier is often access to venture capitalists who come from similar backgrounds as them, who understand them, and who believe in their ideas and businesses enough to invest in them.
According to research, only 1% of VC-backed companies have Black founders, and only 2% of firms have investment team members who identify as Black.
San Francisco based technologist, Hadiyah Mujhid, has been solving for that equity problem as the founder and CEO of HBCUvc. Prominently known for building pathways for underrepresented investors and founders, HBCUvc has led the charge on developing the next generation of venture capital leaders from Historically Black Colleges and Universities through their strategic programming and partnerships. With
October is National Women’s Small Business Month, an initiative focused on promoting female-led business operations.
In 2020, this month-long spotlight on female business owners is especially important, as recent reports show the impact of the pandemic has been dramatic on women in the workforce: Many aged 25 to 54 have stepped out of the professional environment to care for children and family.
Despite this year’s challenges, the 2019 State of Women-Owned Businesses Report indicated upward growth in the world of female-helmed businesses.
Findings from the research indicate there are nearly 13 million women-owned businesses in the US that employ 9.4 million people and generate $1.9 trillion in sales.
Additionally, women-owned businesses grew 21% between 2014 to 2019, while businesses owned by women of color doubled that growth rate: As of 2019, women of color accounted for 50% of all women who owned businesses.
Washington D.C., October 02, 2020 –
On Sunday, Oct. 4, during the 2020 annual meeting, the National Academy of Engineering (NAE) will present two awards for extraordinary impact on the engineering profession. The Simon Ramo Founders Award will be presented to Frances S. Ligler for her research contributions and leadership in engineering. The Arthur M. Bueche Award will be given to Arden L. Bement Jr. for his contributions to technology research, policy, and national and international cooperation.
Frances S. Ligler is the Ross Lampe Distinguished Professor of Biomedical Engineering in the Joint Department of Biomedical Engineering in the College of Engineering at North Carolina State University and the School of Medicine and College of Arts and Sciences at the University of North Carolina at Chapel Hill. Ligler is being recognized with the Simon Ramo Founders Award “for the invention and development of portable optical biosensors, service to the nation and
Female founders are not monolithic. The intersection of gender and race has a multiplier effect on the challenges Black women face as founders starting and growing technology companies.
To better understand Black women tech founders’ challenges in building scalable businesses, Black Women Talk Tech, the first chapter-based association of Black women tech founders, and its nonprofit arm, Talk Tech Association, undertook research. Results are based on 671 responses from Black women tech founders.
The New Face of a Founder: Uncovering Black Women as the Next Billion Dollar Founder was commissioned by Samsung NEXT, Surdna Foundation, and the New York State Energy Research and Development Authority (NYSERDA). The Report highlights Black women’s strengths and resilience and highlights their companies
There has been a renewed focus on diversity in tech In light of the Black Lives Matter movement and the inequalities exposed by the COVID-19 pandemic.
UK diversity organization OneTech has launched a new entrepreneur incubator and accountability groups with JP Morgan Chase to force change in the industry.
Since it was founded in late 2018, OneTech says it has supported 360 founders, 68% of whom are women and 91% are BAME. As of June 2020, the 180 businesses it has backed have raised a total of £13.6 million and created 130 jobs, it says.
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In light of the Black Lives Matter movement and the inequalities exposed by the COVID-19 pandemic, there has been a renewed focus on diversity in tech.
But while many companies and execs have spoken out about the problem, few have succeeded in overhauling the status quo and bringing