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Startups

Automation Workz, a Detroit-based cybersecurity and tech re-skilling firm seeking to create a real-life ‘Wakanda,’ has secured ByBlack certification. Developed by the US Black Chambers, Inc. and presented by American Express, ByBlack is an extensive national Black business directory and the only national certification exclusively for Black-owned businesses. The certification provides Black entrepreneurs with advanced ways to reach their target client base and access valuable business tools. Creating a real-life Wakanda Automation Workz, founded by urban economist Ida Byrd-Hill, is a cybersecurity reskilling firm and creator of the first tech grit assessment to

Debbie Dickinson and her daughter Markea Dickinson are the dynamic duo behind the new AI-driven wristband and app, Thermaband, which uses technology to help menopausal women manage hot flashes.  What is Thermaband Zone?  Founded in 2019 by Debbie Dickinson and her daughter Markea Dickinson-Frasier in Miami, Florida, Thermaband aims to revolutionize women’s health, especially for those undergoing the menopause.  After facing her challenges with menopause, Debbie Dickinson grew frustrated by the lack of cooling relief solutions for hot flashes. Refusing to accept thermal discomfort as a new way of life,

Black-owned real estate tech company, REZI, has secured $100 million in debt financing from Stratos Credit.  REZI’s $100M Investment   The announcement comes at a time of rapid growth for the platform, which has continuously shaken the status quo. The company, founded in 2016 by Sean Mitchell, has shaken the real estate space by creating space for the next generation of renters. The additional funding will go towards helping the company expand its services to more property owners and new markets.  “Stratos has been a core strategic partner of REZI since 2017,” said

Startup accelerator platform, Techstars London, has welcomed its “most diverse” cohort group in its history. This year’s program includes early-stage startups from across the globe and a large majority of women and minority founders.  The Most Diverse Cohort  Techstars London is a worldwide startup accelerator platform that helps entrepreneurs succeed. Their three-month programs provide members with skills to increase their capital, access mentorship and connect with like-minded peers.  The early-stage startups in this year’s cohort originate from several countries across the globe, including Nigeria, Malaysia, Denmark, and the US. Techstar’s

Black founder Jim Gibbs decided to launch parking payment app Meter Feeder after facing challenges breaking into the software engineering sector.  Who is Jim Gibbs?  Jim Gibbs, co-founder and CEO of the digital parking app, Meter Feeder, has built an impressive portfolio in software engineering over the years. Despite his entrepreneurial journey being a lot harder than most, Gibbs has always believed in the success of his business model.   Jim Gibbs, a New York native, decided to move to Pittsburgh to attend Carnegie Mellon University as a computer science major. Due

Black-owned finance company Novae LLC has officially launched a new digital tool to help small businesses find grants and tax incentives to help them grow at a faster rate.  What is Novae Grants?  The new tool launched by Novae LLC, called Novae Grants, allows thousands of users to search through a database filled with finance assistance opportunities from both the private sector and the government.  According to the Novae team, the grants in the database range from $500 to $5 million. They have specifically been designed to help underrepresented Black

Financial giant Wells Fargo recently announced that it would be investing $355,000 in a new diversity program, The Inclusivity Project. The Inclusivity Project The Inclusivity Project was first launched in 2021 and has since been run by the Northern California Small Business Development Centers (NorCal SBDC). Initially designed to support Black and African American businesses seriously impacted by the COVID-19 pandemic, the project has since become a community open to all business types and stages. The project offers free advice, mentoring, workshops, and networking, as well as access to exclusive

Invesco QQQ’s startup pitch competition is back; this time, it’s even bigger than before. The competition has returned for its second year in partnership with MaC Venture Capital and Concrete Rose Capital.  Invesco’s QQQ Legacy Startup Pitch Competition Invesco QQQ, an exchange-traded investment firm based near Chicago, first launched the Legacy Classic startup pitch competition last year. Initially, the competition was only open to Black founders from HBCUs. However, according to AfroTech, the 2023 competition is open to all Black-founded seed-stage companies with less than $3 million. Since the news was announced,

In a decisive move to fight against the recent overturning of Roe V. Wade, more than one hundred VC firms have come together to create VCs for Repro, a coalition of venture capital firms united in support of abortion rights. Roe v. Wade’s Impact on Black women  Since the Supreme Court voted to overturn Roe. V Wade law, abortion is no longer a federal right in the US. As a result, across more than half the US, many women must carry their pregnancies to term. As Black women in the

Tech platform Mission 41K has partnered with former NFL player Emil Ekiyor to bridge the racial gap within tech.  What Is Launch Mission 41K?  Mission 41K is a movement designed to address the difficulty the tech industry faces today with finding and retaining tech talent. By prioritizing a skills-based hiring process, more people will be able to break into the sector through inclusive pathways.  The organization aims to provide a variety of entry points into the industry so people with ongoing apprenticeships and internships can still excel in a competitive

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