Toye Onikoyi, Kelechi Agwunobi, Etebom Samuel, and Larry Adigun are the brains behind The Muse Mirror – also known as the mirror of the future – a one-of-kind virtual mirror that aims to shake up the beauty industry. Who is Toye Onikoyi? Rhode Island entrepreneur, Toye Onikoyi, is an experienced software engineer with an impressive tech portfolio that spans many years. After graduating from The University of Rhode Island in 2016, Onikoyi spent the first few years of his career working his way up from a Research Engineer to a Software
The Plug and Omidyar Network have partnered to introduce The Black Tech Effect Report, the first of its kind to measure the social impact of high-growth, Black-led tech companies worldwide. What is The Black Tech Effect Report? Traditional analysis platforms have overlooked black tech founders for decades. As a result, the off-the-mark analysis has created a false narrative around the progression of Black-led tech companies. To redefine how we view Black success, The Plug and Omidyar Network have created a report that measures social impact instead of the ‘number of
The idea of running a business is exciting, but there is no denying that being a startup founder can be an overwhelming experience. From managing finances to staying on top of social media trends, many business owners wear multiple hats to keep their business functioning. According to The Plug’s analysis of Census Bureau data, approximately 10% of businesses that employed less than 20 people were forced to close in 2020. Likewise, statistics have shown that 45% of entrepreneurs have reported feeling stressed, which has led to mental health issues such as anxiety or depression.
Has your phone ever died while you were outside and couldn’t find a charging point anywhere? We’ve all been there. This common problem is why WiGL – pronounced wiggle – is working to make wireless electrical power accessible for everyone. Dr. Ahmad Glover, founder and interim CEO of the Wireless-electric Grid Local Air network (WiGL), is designing a network that says goodbye to cords and wires. What problem is WiGL trying to solve? The world relies heavily on portable battery power. As a result, the battery has become one of the most
Hispanic Chamber of Commerce and Tampa Bay Wave have come together to launch the city’s first-ever tech accelerator for Latin Americans. What is the LatinTech accelerator program? Hispanic Chamber of Commerce and Tampa Bay Wave has secured funding to launch the city’s first-ever tech accelerator for Latin Americans. The program aims to provide minority-owned companies with the support they need to scale successfully and remove the barriers against them. “Since the launch of the new Chamber [in 2019], it was our goal to produce a Latin tech accelerator. We thank Congresswoman Kathy Castor for
Governor Kathy Hochul has announced a $30 million pre-seed and seed matching fund program to help early-stage startup companies. The funding for the program will come from the State Small Business Credit Initiative to provide extra support to small businesses owned by historically marginalized individuals, including Black and brown entrepreneurs and traditionally disadvantaged individuals. The initiative, part of New York’s $500 million federal investment, aims to help small businesses recover from the pandemic and rebuild local economies. As a part of the program, Governor Hochul will offer early-stage startup companies
The Inflation Reduction Act (IRA) is the biggest federal climate deal in history and is great news for Black-owned carbon transformation startup Twelve. According to reports, the IRA contains $500 billion in funding to boost clean energy, reduce healthcare costs, and increase tax revenues. The Act follows negotiations on President Biden’s Build Back Better Act and is welcome news for climate startups like Twelve. “The Inflation Reduction Act, that’s been really amazing. We’re so excited about that,” said Twelve co-founder Ethosa Cave in an interview. “There’s so many provisions in there:
What a year! Many of you who have been following our tech coverage closely have embarked on a journey that has been both stimulating and inspiring. Over the past year, we’ve ventured into a world of immersive technology that has seen a popular AI platform takeover of the internet and new life formed on the metaverse. It is hard to predict what 2023 has in store for the world of technology, but it is bound to be a rollercoaster – so get strapped in! To commemorate the end of this
American cloud-based software company, Braze, has announced that they will be accepting applications to their Founders Program at the start of 2023. What is Braze’s Black Founders Program? Braze’s Black Founders program, which the company first launched in 2020, has made excelling simpler for Black founders. Since launching in 2020, the platform has provided 22 companies free access to its comprehensive customer engagement platform. Fast forward to today, more than 20 Black-owned startups are participating in the program and have greatly benefited from the platform’s technology. To build on the success of
Sheryl E. Ponds is working to ensure Black people are not left behind as the world moves towards electric vehicles. She is the entrepreneur behind Black-owned startup Dai Technologies Corp, which designs and builds electric vehicle charging stations. Electric Vehicle Charging Deserts DaiTechCorp describes itself as an ‘EV Adoption expert’ working to bring electric vehicles into the Black community. After successfully building electric vehicle charging stations, Ponds realized that many of her clientele were affluent and white, so she decided to rebuild her business model to reach the Black community. According to reports, about 2%
