Gran Coramino Tequila, the premium tequila brand co-founded by Kevin Hart and Juan Domingo Beckmann, has disbursed over $1 million in grants to Black and Latine entrepreneurs across the United States to date. The Coramino Fund Since its inception in 2022, Gran Coramino has dedicated a portion of its sales to the betterment of underrepresented business owners, committing $1 from every bottle sold to this cause. The Coramino Fund, established in partnership with the Local Initiatives Support Corporation (LISC), has now dispersed over $1 million in grants. This funding has reached over 100
PROPEL has announced the establishment of the PROPEL HBCU Cybersecurity Consortium (HCC), in partnership with Southern Company, Led by Dr Lisa Herring, the former superintendent of Atlanta Public Schools, PROPEL is a first-of-its-kind innovation hub for Historically Black Colleges and Universities (HBCUs). Strengthening Industry-Academia Collaboration PROPEL’s new HCC incorporates four key elements: a resource hub, professional development programs, accelerated learning opportunities, and a workforce pipeline. By providing HBCU students and faculty with access to the latest industry trends, technologies, and real-world projects, the consortium aims to create an educational environment that
Online resources business Hello Alice recently announced its Series C funding round closure despite facing a controversial class-action lawsuit. The lawsuit alleges their partnership with Progressive Insurance to offer grants specifically to Black-owned businesses was racially discriminatory. Hello Alice’s Commitment to Diversity and Inclusion In October 2023, Hello Alice found itself at the center of a legal battle when America First Legal, Mitchell Law PLLC, and Ashbrook Byrne Kresge LLC filed a lawsuit alleging racial discrimination. This was due to the company’s initiative, which provided $25,000 in grants to 10 Black-owned businesses in
Primary Venture Partners has partnered with over 25 leading New York-based venture firms and startups to introduce the Factor Fellowship. This program will tackle the diversity, equity and inclusion (DEI) challenges head-on by connecting the city’s VC-backed startups with top talent from underrepresented groups. Addressing Diversity in Venture Capital and Startups The data on diversity within the venture capital and startup landscape shows that only about 13% of venture capital decision-makers are women. Funding for Black founders also declined in 2023, failing to reach the $1 billion mark for the first time since 2016.
Campus, an community college startup that connects students with top-tier professors from universities such as UCLA, Princeton, and NYU, has raised a $23 million Series A extension round. The community college startup In American higher education, community colleges serve as gateways for students aiming to transfer to four-year universities. However, only 16% of these students achieve a bachelor’s degree within six years. Campus operates on a model that rethinks the approach to college education. It is reportedly the first fully accredited, nationally focused community college built on a network of adjunct professors
Brand new Techish! This week, host Michael Berhane sits down with former Radio 1Xtra DJ Reece Parkinson. Listen on Spotify or Apple podcast also. Watch On YouTube:
Research has shown that Black adults experience higher rates of sleep disorders, such as sleep apnea, insomnia, and irregular sleep patterns, more frequently than other demographic groups. Dr. Ivor Horn, Google’s Chief Health Equity Officer, is at the forefront of addressing these health disparities using AI. Her role mainly involves bridging healthcare gaps by using technology to enhance healthcare equity, particularly for marginalized communities. Sleep Disorders With Black People Factors contributing to less sleep among Black individuals include location, environmental noise, light pollution, and broader socio-economic issues such as stress and racial discrimination.
Sundial Media Group (SMG), the parent company of Essence Ventures, has announced its decision to acquire Refinery29 from Vice Media. Refinery29, a prominent women’s lifestyle platform, has faced financial challenges in recent years but remains a key player with its distinct millennial women audience. This acquisition marks a major shift as SMG led by Richelieu Dennis, aims to broaden its reach and influence across the female-oriented digital landscape. Sundial Media Group Acquires Refinery29 Essence Ventures already has several prominent brands under its umbrella, including ESSENCE magazine, AFROPUNK, Girls United, and
Brand new Techish podcast episode! This week, Techish host Michael Berhane sits down with TechCrunch reporter Dominic-Madori Davis to explain why Megan Thee Stallion loves Pinterest and why it’s a respite from all the other social media noise. Listen to the episode: Listen on Spotify or Apple podcast also. Watch on YouTube:
Bitcoin teller machines (BTMs) in the U.S. are disproportionately installed in areas with large Black and Latine populations, a Bloomberg analysis has revealed. BTMs in Black and Latine areas The number of BTMs, which allow people to convert cash into Bitcoin, has risen drastically over the last four years, now totalling around 31,100 units nationwide. These machines, commonly found in gas stations and convenience stores, saw a surge during the pandemic as interest in digital currencies grew. However, a Bloomberg analysis has revealed that the machines are disproportionately installed in
