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
Armed with smartphones and armies of faithful fans, social media sensations such as Khaby Lame are building fortunes by redefining the rules of entertainment, advertising, and stardom. The inaugural Forbes Top Creators list highlights the 50 social superstars leveraging a combined 1.9 billion followers across social networks to earn $570 million in 2021 alone. Their average age is just 31. Next year’s windfall is significantly richer as famous personalities shift from influencers to owners, using their massive reach to start their own ventures—clothing lines, beauty empires, TV series, and fast food chains.
Timothy Armoo sold his influencer business Fanbytes to global digital marketing agency Brainlabs for an undisclosed eight-figure sum. He’s done what every aspiring business owner hopes to do – all at 27. We previously interviewed Timothy Armoo on the Techish podcast. Speaking to Sifted EU, Armoo, whose startup connects social media influencers with big brands for promotion work, says the acquisition is like a marriage. “You’re merging two companies, cultures and sets of people together, so you want it to be the right fit. Start “dating” partners while you’re still building
Headspace Health is acquiring Shine, a mental health and wellness app dedicated to providing an inclusive mental health experience for the BIPOC community. Founded in 2016, Shine has more than 45,000 paid subscribers and has reached over six million people by offering self-guided content. It also offers daily mediations, self-care courses, personalized support, and virtual workshops hosted by third-party experts and its community. The financial terms of the deal were not disclosed. Still, Headspace Health says the acquisition of the New York-based company will expand its ability to provide more
According to Forbes, Tech accelerator program, Y Combinator, has chosen venture capitalist Garry Tan as its fourth leader in its 17-year history. In January, the Y Combinator alum is set to replace the current president, Geoff Ralston, who served in this position since 2011. As a part of his new role, Tan is expected to step down from his role at Initalized Capital, an early stage venture capital firm he founded alongside Reddit cofounder Alexis Ohanian in 2012. “This is a community where people’s dreams, more or less, are fulfilled
Black-owned professional network, Black British City Group (BBCG), has launched its flagship City Booster program, designed to help support the growth of Black founders. Through BBCG’s City Booster program, Black entrepreneurs not only be eligible for grants of up to £3,000 but will also have access to coaching opportunities and skill-based workshops to help them elevate and grow. The City Booster program run by BBCG aims to provide mentorship, skills-based workshops, and financial support to Black founders. In addition, the program, which spans nine months, will give Black entrepreneurs exclusive
The tech industry in India is one of the fastest-growing tech hubs in the world, reporting a growth rate of 12.2%. The southern Indian tech hub of Bangalore is also home to the most significant number of high-growth companies in India. It ranks fourth overall among Asian cities, according to the FT’s latest ranking of High Growth Companies in Asia-Pacific, compiled by research company Statista. Twenty of the top 500 companies on the list are based in Bangalore, representing four percent of the total. India’s financial capital, Mumbai, is Bangalore’s
According to Insider Intelligence, there are currently over 2 million podcasts and 424.2 million podcast listeners worldwide in 2022, a 10.6% increase from the previous year. As of 2020, the global podcasting market size was valued at $11.46 billion. It grew to $13.785 billion in 2021 and is expected to be a massive $153.07 billion in 2030, according to Acumen Research and Consulting. This growth has been spurred by a number of factors – from the proliferation of new celebrity shows, investments from companies like Spotify, and the increased affordability and availability of tech such as smartphones
There’s only one way we can start the week here at POCIT: sharing the ‘good news’ of people of color in tech. There have been a lot of negative headlines in the tech space, from declining investment in minority communities to major layoffs at big companies – redundancies that often impact women, POC, or juniors. But that’s why we’ve made an effort to kick off the week on a high note as it’s important to remember that we’ll all see the light at the end of the tunnel. Here’s some
