Vice President Harris has announced several new initiatives to expand opportunities for underserved and disadvantaged entrepreneurs, including people of color. The announcement came as Harris joined Treasury Secretary Janet Yellen at the 2022 Freedman’s Bank Forum. What was announced? VP Harris’ latest efforts include: Government contractsA memorandum to government agencies setting individualized goals for an unprecedented 12% of 2023 federal procurement dollars to be directed towards Small, Disadvantaged Businesses. New lendersA proposed expansion of the Small Business Administration lender base by lifting the moratorium on new Small Business Lending Companies (SBLCs),
The Lip Bar Inc., the holding company for the beauty brands The Lip Bar and Thread Beauty, has closed a new funding round. The $6.7 million round, led by Pendulum, will focus on expanding The Lip Bar and Thread Beauty’s distribution as well as incubating a third beauty brand. Endeavor and The Fearless Fund also contributed to the fund. Melissa Butler, the business’ founder and Chief Executive Officer, said the round came after years of consistent growth unencumbered by the pandemic. “Our lip sales were crazy during the pandemic—we sold
The world’s largest interviewing company, Karat, has announced that five of the world’s leading corporations have joined the Brilliant Black Minds program, which aims to double the number of Black software engineers in the US. Partners of Brilliance Organizations such as Prime Video, Citi, Duolingo, Indeed, and Flatiron Health have joined the movement to commit further to developing Black engineers. In addition to hiring Brilliant Black Minds program participants, these ‘Partners of Brilliance’ have committed to supporting aspiring software engineers from underrepresented backgrounds with workshops and learning opportunities. Brilliant Black Minds Program
Leading Black digital media brand, Black Enterprise, has released this year’s list of 40 under 40 honorees. The list celebrates young Black trailblazers across an array of sectors, including business, finance, fashion, media, and sport. It is a salute to the grit and determination it takes for Black people to rise to the top of their respective ranks so early on in their careers and in an increasingly competitive economic landscape. Among the distinguished honorees are the following five innovative Black minds in tech. All were carefully selected on the basis
Twitter has appointed Bukky Ojeifo as its new global head of culture and community following the departure of God-is Rivera, who previously held the position. In her new role, the Nigerian-American marketing expert will continue to carry the company’s mission of serving diverse voices who contribute to the public conversation on the platform. Before her new role, Ojeifo was the firm’s senior manager, global culture, and community. Her main role at the time? She guided how Twitter amplifies and engages with the underrepresented communities that use the service. Speaking to
Six months after Aziz Hasan stepped down from his chief executive role, Kickstarter has announced Everette Taylor as their new Chief Executive Officer. Taylor will take over from COO Sean Leow, who stepped up as interim CEO after Hasan announced he would be stepping down from his role after three years. Kickstarter, founded in 2009 by Perry Chen, is a crowdfunding platform that helps bring creative projects to life by directly connecting them with their communities. Over 21 million people have supported fund projects through the Kickstarter platform. “I am
From street vendor to software engineer, Devin Jackson, founder of We Build Black, is on a mission to achieve socio-economic change by offering the community tech education and professional development. We Build Black, founded in 2017 by Devin Jackson, is a non-profit organization that has evolved from a one-person-only team to a volunteer-run group that aims to support thousands of members looking to advance their careers. Unlike traditional software engineers, Jackson never went to high school or college; he instead set up his own business selling graffiti t-shirts and comedy tickets on
As Africa’s tech ecosystem grows, the demand for talent is soaring. For young Africans, digital skills have become ever-more important and attractive. In 2021, according to the Africa Developer Ecosystem Report (pdf), Africa’s developer community grew by 3.8%, bringing the total number of developers on the continent to 716,000. The average local developer in Africa is seven years younger than their global counterpart and has up to three years of experience. The pandemic drove increased adoption of remote work around the world, leading to international companies recruiting African developers at
Equitable inclusion platform 1000 Black Voices has partnered with The British Consulate to launch their accelerator program dedicated to helping support the ambitions of Black tech founders. The partnership will be focused on breaking down the obstacles faced by Black tech founders, particularly when scaling and growing their business. The program kicks off on September 21 and will run until the end of this year. “Ultimately, a lack of venture funding has resulted in a challenging environment for marginalized founders to tackle and get their business off the ground,” said 1000 Black
Omidyar Network has announced the launch of The Tech We Want program which aims to help build community, infrastructure, and a solid support system for technologists, thought leaders, and investors in the tech space. The four-year, $8 million program primarily focuses on connecting and empowering new leaders and technologies that focus on inclusivity, sustainability, and responsible innovation. “If we want to develop a responsible tech future, we have to intentionally change who and what we produce. We need to support diverse organizations and inclusive communities working to redefine what technology
