Angela Majette, a Bronx native, worked as a legal consultant for years before launching her own organization dedicated to helping her community. Her years of experience in the field allowed her to witness firsthand the struggles Black founders on their entrepreneurship journey experienced when it came to getting good counsel for a reasonable price. The struggles experienced by minorities – especially the Black community is what led her to launch Black Connect, an organization that aims to support Black-owned businesses with pro bono legal support and establish solid legal footing. Launched
Award-winning tech diversity champion Ezechi Britton has been appointed an MBE in the 2022 New Year Honours list for his services to Diversity and Young People. It comes years after Britton was named Venture Capitalist of the Year at the Inclusive Tech Alliance (ITA) Awards for his commitment to underrepresented founders and his “impressive transition from software development to venture capital”. Britton is the co-founder of Code Untapped, a social enterprise set up to increase the number of people in tech from ethnic minority backgrounds. The firm provides crucial training
Microsoft has finally shared an update on promoting racial equity in the US by investing in and working with Black and African American-led financial institutions, suppliers, and partners. It reports that it has reached its goal of committing $100 million to mission-driven banks, which provide capital to diverse communities. The giant has also beat its target of doubling the percentage of transactions it conducts with Black and African American-owned financial institutions. As part of its Black Growth Partner Initiative, Microsoft created $50 million funds to invest in small businesses and startups
Black Tech Twitter is good for many things – from shining a light on the rising talent in the sector, helping members of the community land their dream jobs, to updating those who are keen to get into the industry on the latest events happening around the globe. But one thing it’s increasingly becoming well-known for is being a safe space to ask for advice and get “absolute gems” in return. Here at POCIT, we’ve broken down some of the latest advice from Black Tech Twitter this month. Just go
Nigeria’s one-click checkout platform OurPass has raised $1Million during its pre-seed round to help it scale its business across the country. The West Africa e-commerce market is still heavily reliant on cash on delivery, according to a recent survey conducted by Jumia. As of 2019, 70% of Nigerians said they prefer cash on delivery options to make online payments. But for those who do try to buy online – yearly, about 75% of shopping carts are abandoned because of how difficult the checkout experience can be with long forms and
Issa Rae has joined forces with American Express and the U.S. Black Chambers Inc. to help push their joint mission to expand their ByBlack initiative by launching the “first national certification program exclusively for Black-ownership designation.” The free platform, which was designed as a directory for Black-owned businesses, will now offer Black business-owners the opportunity to easily obtain approved accreditation that their customers and other companies can trust when spending with them. “Black businesses are American businesses,” Rae said, adding, “I think it’s one thing to support them during a very specific time when
The UC Davis Centre for Integrated Company and STEM Education, better known as C-Stem, has recently received a $2.4million grant to help young Black girls tap into engineering and robotics at a younger age. According to the center, which hopes the program will become a “mentoring pipeline,” the National Science Foundation gave the grant. The money will allow the organization to access vital resources needed to equip the girls with the necessary skills to succeed in the STEM sector. The program, dubbed The Ujima Girls in Robotics Leadership Project, will be
Latinx women are severely underrepresented in technology and Venture Capital—as are Latinx people in general. For example, while a dismal 0.2% of all venture capital goes to Black women in the US, a mere 0.4% goes to Latinx women. According to a new report published by Project Diane, of the Latinx women who are reported to have received that 0.4% [of the $400 billion in venture capital funding between 2009 and 2017], only 58 ever raised over $1 million, But there are five women who are making great strides in the venture capital
Minority Equality Opportunities Acquisition Inc, known as MEOA for short, is now the first Black-led special purpose acquisition company (SPAC) traded on the Nasdaq Capital Market. The news on the milestone move comes after MEOA, which will continue to focus on historically undercapitalized minority-owned or controlled businesses, closed a $126.5 million upsized IPO of units on August 30. Its founders – chairman Shawn Rochester and CEO Robin Watkins – believe “the mission and purpose of MEOA will help catapult minority enterprise in this country.” Mr. Rochester told the Seattle Times that as a
London-based digital-first car insurance provider Marshmallow has just become the UK’s second Black-founded unicorn after raising an $83million Series B – valuing it at $1.25 billion. The start-up’s founders Oliver and Alexander Kent-Braham, who are twins, first launched the platform in 2017 – initially set out to serve ex-pats who struggled to find affordable insurance. But since its boom and rapid scale in business – the firm now describes itself as a “mass market.” According to Sifted, it is one of only two UK insurance start-ups to be granted a license
