The Bean Path is a nonprofit organization founded by Dr. Nashlie Sephus, which is using tech to sow expertise, grow networks, and fertilize communities in Mississippi. The Makerspace, a 6,400-square-foot collaborative community workshop building, is the first step in solidifying Sephus’ vision of creating a science, technology, engineering, art and math (STEAM) hub on 21 acres of previously neglected land. Identifying Blind Spots The Jackson, Mississippi native was introduced to engineering by her eighth-grade science teacher. After pursuing a degree in computer engineering, Sephus earned a PhD in electrical and
London-based healthcare jobs marketplace platform, Nolea Health, has secured £1 million ($1.2 million) in seed funding to tackle mental healthcare staff shortages. The financing round was led by Frontline Ventures, with participation from Calm/Storm Ventures and other notable industry figures, including Anne Heraty, ex-CEO of CPL Resources, and Mahiben Maruthappu, CEO of Cera. Nolea Health’s platform matches mental healthcare clinicians with vacant jobs across different healthcare organizations, reducing the time taken to hire staff by up to 90% and the sourcing costs by up to 85%. Addressing the mental health crisis with
BK-XL, a new Brooklyn-based early-stage startup accelerator for Black, Indigenous, and people of color (BIPOC) founders, has announced its inaugural cohort of 12 startups. With each startup receiving up to $500,000 each, BK-XL’s capital is on par with other big-name accelerators like Y Combinator, and, by relative investment size, is the largest BIPOC-focused accelerator in the US. Clara Wu Tsai, a Brooklyn Nets owner and Vice Chair of BSE Global, created the accelerator in partnership with Visible Hands, a VC firm for underrepresented founders. “We created BK-XL to identify and
Wisdom is an audio-first social discovery app fostering deeper connections and lasting friendships between like-minded users. Founded by British computer science graduate Dayo Akinrinade, Wisdom leverages advanced AI with the power of social audio to make the world a little wiser. “Wisdom offers women a safe space to converse about topics that matter to them, such as women’s rights, domestic violence, leadership, and wellness,” Akinrinade told Apple. “Our users who don’t identify as women consider themselves allies, and provide support by participating in the conversations or simply listening.” On Wisdom, users
For Black and Latino entrepreneurs, there’s only one direction to go — forward. This is the message driving Square‘s small business accelerator program for Black and Latino entrepreneurs, FORWARD. The accelerator, launched in partnership with Social Change Fund United (SCFU), 1863 Ventures, and American Express, aims to provide Black and Latino entrepreneurs with the education, mentorship, coaching, and capital needed for their businesses to thrive. Black and Latino Americans are the fastest-growing group of entrepreneurs. In 2022, Black and Latino Americans filed more than 5 million new business applications, more than any other group.
When Olivia Hylton graduated from the University of Cambridge, she found herself struggling to make friends as an adult in a post-pandemic world. The 26-year-old spoke to POCIT about creating a meet-up app to empower Black women to make friends anywhere they go. Sistren is a digital platform that empowers users to make connections based on interests and proximity, with users able to create a profile, host events, and reach out to others that are local to them via the user directory. Hylton, who had never considered becoming an entrepreneur
Edtech startup Kai XR has raised $1.6 million in seed funding to expand its virtual reality (VR) educational resources to one million kids across the US. Kapor Capital led the oversubscribed round, which included Mitchell Kapor Foundation, American Family Insurance Institute for Corporate and Social Impact, and others. The Oakland-based edtech startup is making education more accessible through inclusive mixed-reality spaces that allow children to explore, create, and learn. From education to innovation Kai Frazier founded Kai XR in 2018. Through her time as an educator in the classroom and in museums,
Silicon Valley Bank’s (SVB) collapse has reignited debates about whether the US government is doing enough to regulate financial institutions – but another debate is brewing. Here’s an excerpt from a Wall Street Journal opinion piece published on March 12: “Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women they also have “1 Black,” “1 LGBTQ+” and “2 Veterans.” I’m not
After days of turmoil, Silicon Valley Bank (SVB) customers are now able to access their money held in the bank. What happened to SVB? It took just 24 hours for US tech’s favorite bank to fall from grace. SVB served nearly half of US VC-backed tech startups and investors, according to the FT. But interest rates rose, bond values shrank, and with the tech industry slowdown, deposit withdrawals rose too. In a crude oversimplification: companies and investors pulled their money out of SVB amid economic uncertainty. To meet depositor demands for
Frequency People is the Black-owned social collaboration platform that lets creators control almost every aspect of the online communities they build. Individual users and businesses can create a public or private community to connect with those with similar interests. Followers can join these communities or networks and choose to pay for access to exclusive content. This means that brands, influencers, artists, and other creatives can seamlessly monetize their followers through ticket sales, ads, subscriptions to exclusive lives, AR content, and NFTs. Atlanta-based duo John York and John McAdory founded Frequency
