Black-owned finance company Novae LLC has officially launched a new digital tool to help small businesses find grants and tax incentives to help them grow at a faster rate. What is Novae Grants? The new tool launched by Novae LLC, called Novae Grants, allows thousands of users to search through a database filled with finance assistance opportunities from both the private sector and the government. According to the Novae team, the grants in the database range from $500 to $5 million. They have specifically been designed to help underrepresented Black
Financial giant Wells Fargo recently announced that it would be investing $355,000 in a new diversity program, The Inclusivity Project. The Inclusivity Project The Inclusivity Project was first launched in 2021 and has since been run by the Northern California Small Business Development Centers (NorCal SBDC). Initially designed to support Black and African American businesses seriously impacted by the COVID-19 pandemic, the project has since become a community open to all business types and stages. The project offers free advice, mentoring, workshops, and networking, as well as access to exclusive
Black Girls In Tech are all about making big moves, and the launch of their brand-new cyber academy further proves that. What Are Black Girls In Tech? Black Girls In Tech is a UK-based company that aims to increase women’s representation within the tech industry. According to reports, women comprise approximately 26% of the tech workforce. Unfortunately, they are more prone to leave the industry due to gendered biases and a lack of work-life balance, which is why communities like Black Girls in Tech are essential. Black Girls In Tech,
Tech accessory company, oraimo, has announced a new ambassadorial deal with Grammy award-winning artist Burna Boy. For many, the partnership between one of Africa’s leading tech brands and the artist known as the ‘African Giant,’ is a marriage made in heaven. What is oraimo? Described as ‘as far from your regular smart accessory brand,’ oraimo is Africa’s leading TWS (true wireless technology) and smartwatch brand. The company’s initial product line of durable charging bricks and chords became hugely popular amongst the Nigerian community when it first launched due to its
A new report by DEI consulting firm Grads of Life revealed that Black and Latino employees are less likely to reach significant career milestones despite undergoing the same training as their white peers. The survey included almost 2,000 workers from Year Up’s workforce development program, which saw many Black and Latino employees admit to not reaching significant career milestones such as promotions and salary increases. Only 36% of the people surveyed admitted to receiving a promotion in 2021, while 23% reported receiving a raise in their salary. Due to the lack of
Since Elon Musk’s Twitter takeover, many users have been searching for a new social networking platform they can call home. Mastodon, a social network built on open-source software, seems to be their best bet, with just over a million active users already signed up. But is it worth the hype? What is Mastodon? The events which have transpired since Elon’s takeover has sent Twitter on a tumultuous downward spiral. From the exodus (or ousting) of thousands of staff to the new Twitter Blue feature being pulled from the site in
The Atlanta University Center Consortium (AUCC) has launched the Institute for Dual Degree Engineering Advancement (IDEA), a national hub for Dual Degree Engineering Programs across the US. As one of the world’s oldest and largest consortiums of historically Black colleges and universities (HBCUs), the organization has a strong commitment to bettering the education system for Black students. The racial gap in Black engineering Reports have revealed that Black and Latinx workers are vastly underrepresented in the science, technology, and engineering (STEM) industries. Despite organizations taking steps to close the racial
Invesco QQQ’s startup pitch competition is back; this time, it’s even bigger than before. The competition has returned for its second year in partnership with MaC Venture Capital and Concrete Rose Capital. Invesco’s QQQ Legacy Startup Pitch Competition Invesco QQQ, an exchange-traded investment firm based near Chicago, first launched the Legacy Classic startup pitch competition last year. Initially, the competition was only open to Black founders from HBCUs. However, according to AfroTech, the 2023 competition is open to all Black-founded seed-stage companies with less than $3 million. Since the news was announced,
Microsoft has announced the expansion of its AI for Good Research Lab to Cairo and Nairobi. The expansion aims to close the climate data divide by researching and developing AI machine learning in areas in Africa worst affected by the climate crisis. Africa’s Climate Crisis Research has revealed that high climate risk correlates with income and health inequalities. The findings also coincide with the fact that two billion people in the Global South were found to be living in some of the most climate-risk areas between 2008 and 2018. Despite Africa contributing less
In a decisive move to fight against the recent overturning of Roe V. Wade, more than one hundred VC firms have come together to create VCs for Repro, a coalition of venture capital firms united in support of abortion rights. Roe v. Wade’s Impact on Black women Since the Supreme Court voted to overturn Roe. V Wade law, abortion is no longer a federal right in the US. As a result, across more than half the US, many women must carry their pregnancies to term. As Black women in the
