One hundred years after the Tulsa race massacre saw the US’ wealthiest Black community burn to the ground, Tulsa is experiencing a resurgence of Black entrepreneurial community. The Black Tech Street, founded by Tyrance Billingsley II, is a network committed to scaling and cultivating Black potential through tech and entrepreneurship. The community provides a safe space for Black entrepreneurs and visionaries to thrive and grow, creating a model that creates space for people to build inclusive and equitable economies. The global Black tech hub, based in the heart of Tulsa, has
Are we officially in the future? It appears we are. The world’s first robot burger vending machine, created by RoboBurger Inc, has secured $10 million in seed investment funding via a partnership with equity firm Promethean Investments. What is Roboburger? RoboBurger, founded by Audley, Dan, and Andy in 2019, is a company that specializes in engineering, robotics, and, last but by no means least, delicious burgers made from high-quality ingredients. According to reports, RoboBurger is the world’s first fully autonomous burger vending robot that assembles Michelin star burgers. The company, which
25-year-old Iddris Sandu is a technologist and founder of Spatial Labs (sLabs) an organization committed to reshaping the future of commerce, Blockchain technology, and fashion. The technologist, born in Accra, Ghana, moved to Los Angeles when he was three years old. After teaching himself how to code and partaking in a range of internships and consultancy programs, Sandu set his sights on reshaping the way technology exists in the world. Additionally, he stuck to his word and became one of the youngest founders to enter Black Enterprise’s 40 under 40 list. The
The latest figures from Crunchbase have revealed that Black founders raised just $187 million in the third quarter of this year, considerably less than the $350 million WeWork’s Adam Neumann raised for his latest venture. TechCrunch reports that this quarter’s figures mark a significant and continued decline in capital for Black-owned businesses. In total, Black founders have raised just over $2 billion in venture capital funding this year – although this may seem like a lot – it’s a massive decrease from the record-breaking $4.72 billion raised in 2021. Lack of
Every celebrity is migrating into the VC space, it seems. Kevin Hart is the latest example of a notable entertainer making major moves in the investment space. The comedian’s venture capital firm, Hartbeat Ventures, has received its first institutional investment from JP Morgan, the largest bank in the US. According to the Hollywood Reporter, the bank provided “the max allocation” through Project Spark, an initiative launched by the bank to support firms led by underrepresented founders. Hartbeat Ventures, launched earlier this year, is an early-stage VC firm focusing on financial inclusion. In
Software platform Adobe has partnered with HBCUs across the US to provide more Black Americans with the skillsets needed to prevail in the competitive tech industry. According to a study by Zippia, Black people currently make up 13.6% of the US population but only 7% of the tech industry. Abode’s investments aim to inspire students to express their ideas in a compelling, digital-first world and provide them with critical digital literacy skills needed to thrive in the modern workforce. “To create products that solve challenging problems for people all over the world, companies
A Latino Corporate Directors Association (LCDA) report has revealed a lack of Latinx representation on giant company boards. Lack of representation on company boards According to the LCDA, Latino directors are missing from 47% of Fortune 100, 59% of Fortune 500, and 65% of Fortune 1000 boards. This means companies seriously lack Latino/Hispanic representatives on a higher level. Despite Latinx people making up the second largest US population, with a total of 62.1 million, there has been no change in Fortune 100 companies adopting more diverse practices by having Hispanic/Latino representation on their
The nation’s only historically Black liberal arts institution, Morehouse College, has partnered with the Information Technology Industry Council (ITI) to launch the new Center for Broadening Participation in Computing (CBPC). Center For Broadening Participation In Computing The CBPC will prepare underrepresented students to compete fairly in the tech industry. The initiative represents a fusion of four distinct programs at Morehouse College, which aims to help tech companies strengthen the pipeline for recruiting and retaining diverse students. The CBPC will become a hub for supporting and assisting college students across the state
Black visionary Gianni O’Connor is on a mission to unleash the true power of technology. Through artificial intelligence, O’Connor is working to build a one-of-a-kind AI personality that will make it easier for users to converse with their game console – sound strange? We’re officially stepping into the future. Who is Gianni O’Connor? Gianni O’Connor’s entrepreneurial journey began in 2012 when he launched the music social media site Micsu (later Mozrt). The 29-year-old UK-based entrepreneur then founded the social trading app Trad3r and, most recently, Go Games. “I love being
Mentor Connect is a mentorship program that eliminates the loneliness of being an entrepreneur. The mentorship program, sponsored by Ben Franklin Technology Partners and Philadelphia Alliance for Capital and Technologies (PACT), currently has over 200 mentees and 130 mentors in its network. The network aims to provide a positive community for entrepreneurs to grow and connect with like-minded people. Not only does it give them space to share their concerns and issues, but it also helps provide them with a reliable network they can lean on in their time of need. “We always say
