India had eight unicorns in 2018, nine in 2019, and 11 in 2020. Last year, the country celebrated 42. Similarly, it took China five years to reach five unicorns between 2010 and 2015, but then saw 21 unicorns in 2016 – and 91 unicorns in 2019. While Latin America has followed a similar trajectory, raising $14.8 billion in 2021 – more than it had raised between 2014-2020 combined – and minting nine of the region’s 17 unicorns. Now Africa, once a continent that was lagging behind in the investment race, is reportedly seeing $1
Cambridge-based post-seed accelerator Deeptech Labs has announced its autumn deeptech startup cohort.
Black-owned startups will soon have access to billions of dollars, thanks to this latest move by Vice President Kamala Harris.
Black Enterprise — one of the US’ leading Black digital media brands, with more than 8 million monthly unique visitors—will present its inaugural Sisters Inc. Summit on December 7. The event will feature some of the most influential and dynamic business owners. They will feature in a candid conversation with each other—and the corporations and investors who support them. Whether you consider yourself a founder, a CEO, a boss, or a side-hustler, SistersInc. is said to represent “a unique and valuable opportunity to connect to a powerful sisterhood of success to share resources,
Black-Owned Start-Ups Awarded $1.2M In Financial Support Thanks To The Meda Million Dollar Challenge
Three Black founders have walked away with enough money to make their businesses flourish after the largest Black, Indigenous, and People of Color (BIPOC) entrepreneurial competition in the nation picked them as winners. This is the fourth annual competition where five companies received $1.2 million in financial support. Metropolitan Economic Development Association – also known as Meda – was founded by a group of Minnesota business leaders looking to attack inequity within minority communities in the state. “Meda operates a growing Community Development Fund Institution (CDFI) that provides needed capital for BIPOC businesses
El Salvador has become the first country to accept Bitcoin as a legal currency in a move that has got the world debating whether cryptocurrency should be used in this way. The country has reportedly already bought its first 400 bitcoins, worth an estimated $21 million based on bitcoin’s value at the time of the announcement, according to a series of tweets by the country’s President – Nayib Bukele. Millions of people are now expected to download the government’s new digital wallet app which gives away $30 in Bitcoin to every
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Designers can dismantle the New Jim Code. Here’s how. The disproportionate impact of the COVID-19 pandemic on Blacks and the continued violence against Black lives as elucidated in protests responding to the death of George Floyd has thrown light on pervasive systemic racism against Black people in the United States. That extends to the technology industry. Anti-Black racism in technological design abounds, and it cannot go unnoticed and unchallenged. Consider the evidence: Many wearable heart rate trackers rely on technology that could be less reliable for users with darker skin, which negatively
About the author: Austin Jeter is a senior at Morehouse College who aspires to work within Product after he graduates in May. Ultimately, Austin’s chief ambition is to be a venture capitalist. Feel free to contact Austin at Austinlb.jeter@gmail.com regarding opportunities, questions, comments, etc When you think of the technology industry, the first place that comes to mind is Silicon Valley. Your mind might also drift to the t-shirt wearing, free food, and “nap pod” centric work culture. Others may think of the Stanford and Harvard grads forming startups trying to
It was summer 2009 and I was a fresh economics graduate from the London School of Economics working at the Financial Times as an editorial intern. My final degree score averaged 69, one mark shy of a distinction. But after all the trials and tribulations of a challenging undergraduate course I was ecstatic to have come out of it alive, let alone with a merit. As I stood in the offices of one of the most famous and respected newspapers in the world, all around me the foundations of capitalism
