Minnesota-based non-profit organization 30,000 Feet (30K) is providing young people of color with the opportunity to earn while they learn through its Tech Geeks program. 30,000 Feet Kevin Robinson and Vanessa Young founded 30K to empower African American students in Saint Paul, Minnesota, through technology, culture, art and social justice. Their project-based experiences are intended to reach students in ways traditional learning may not. They aim to inspire African American youth by giving them the confidence to believe in themselves and their endless potential. What do Tech Geeks Offer? 30K’s Tech Geeks program provides practical
Endeavor Miami is partnering with venture capital firm DeepWork Capital to funnel more capital into underrepresented early-stage founders. Endeavor Miami and DeepWork Capital Endeavor Miami was founded in 2013, with the support of the John S. and James L. Knight Foundation, as the first U.S. affiliate of Endeavor, an organization supporting entrepreneurs worldwide. According to Biz Journals, Miami’s Endeavor entrepreneurs generated over $700 million in revenues and employed over 5,000 individuals in 2021. Now the organization has partnered with DeepWork Capital, an Orlando-based early-stage venture capital firm that primarily invests in tech and
Tech entrepreneur Holly Rachel has been named the first executive director of an Innovation Center at Fisk University, a Nashville HBCU. Fisk University Fisk University is a private Historically Black College & University (HBCU) and is the oldest institution of higher learning in Nashville, Tennessee. Their mission is to produce graduates from diverse backgrounds with the integrity and intellect required for substantive contributions to society. They have now announced the opening of the Darrell S. Freeman Sr. Incubation and Innovation Center, which is set to open at the beginning of 2024. The center will
Fearless Fund: VC Fund For WOC Responds To Racial Discrimination Lawsuit From Conservative Activists
Fearless Fund has responded to the lawsuit filed by the American Alliance for Equal Rights (AAER) after it accused them of racial discrimination. What happened? Conservative group American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund, which supports women of color who own small businesses. The lawsuit accuses Fearless Fund of violating Section 1982 of the Civil Rights Act of 1886, which bars racial bias in private contracts, by opening its grant competition to Black women alone. Lawsuits brought by Blum and the conservative group led
Nonprofit organization Blacks In Technology Foundation (BIT) has announced a strategic partnership with RoadPitch, the most extensive multi-city pitch tour to help Black tech founders to raise pre-seed and seed capital from investors. For over a decade, BIT has offered training, education, networking and mentorship opportunities to elevate Black professionals in the tech industry. The nonprofit aims to “stomp the divide,” influencing and effecting change in an industry that has historically not sought parity concerning Black workers. The Collaboration The collaboration will see RoadPitch become BIT’s official international pitch competition organizer. RoadPitch will
Black-owned SquadTrip has announced it has successfully secured $1.5 million in funding to revolutionize group travel. Making group travel easy SquadTrip is an automated payment solution for large and small groups, making booking and payments easy for group trips. Their online platform allows users to save time managing group travel by creating trip sites, automating guest billing and keeping track of all traveller logistics from one place. It is the first travel platform targeting millennials with flexible payment instalments, Apple Pay checkout and promo codes. The company was founded by
Black tech entrepreneur Luke Cooper aims to raise $50 million by November for his Baltimore-based venture capital firm, Latimer Ventures. Latimer Ventures Latimer Ventures, named in honor of Lewis Latimer, an African American inventor born to fugitive slaves, is a venture capital firm focused on helping the next generation of Black and Hispanic enterprise SaaS unicorns. They source the best seed deals from diverse managers and connect them with tech startups. Cooper founded Latimer Ventures in 2022 to address the lack of capital available to entrepreneurs of color. He plans to
Conservative group American Alliance for Equal Rights, founded by Edward Blum, has brought a lawsuit against Fearless Fund, which supports women of color who own small businesses. Reuters reports that the lawsuit accuses Fearless Fund of violating Section 1981 of the Civil Rights Act of 1866, which bars racial bias in private contracts by opening its grant competition to Black women alone. Lawsuits brought by Blum and the conservative group led to the June Supreme Court’s ruling to shut down affirmative action, barring universities and colleges from considering race in their
Black borrowers have been disproportionately impacted by the Supreme Court’s decision to block President Biden’s student loan forgiveness plan in June. NAACP President and CEO Derrick Johnson said the decision “is a clear disregard for what millions of Americans need – especially Black Americans.” The Forgiveness Plan Last year, President Biden announced a plan to deliver up to $20,000 in student debt relief to over 40 million borrowers. Borrowers who made less than $125,000 a year in 2020 and 2021 were eligible. It also would have wiped away $10,000 for eligible borrowers
Sallie Mae, a private student lending company, has acquired critical assets of the top scholarship search app, Scholly. Founding Scholly Scholly is a Black-founded industry-leading scholarship search app and platform created by Christopher Gray. During his last few months at high school, Gray was set on attending college, but due to price, he had to search for scholarships for hours in the library. He eventually received $1.3 million in scholarships from organization such as the Bill and Melinda Gates Foundation and the Coca-Cola Scholars Foundation to study finance and entrepreneurship at Drexel
