Fearless Fund has urged a US appeals court to allow its grant program to resume, which awards funding to businesses run by Black women. The Fearless Fund Story To Date The American Alliance for Equal Rights (AAER) attacked Fearless Fund in August 2023 after it claimed the fund’s grant was racially discriminatory. The AAER, founded by Edward Blum, who was behind the Supreme Court’s affirmative action ruling, accused the grant program of violating Section 1081 of the Civil Rights Act of 1886. The US District, Thomas V. Thrash, initially ruled that Fearless Fund
Team Genius Squad, a toy brand created by 11-year-old entrepreneur and author Ava N. Simmons, has launched its new STEM toy line in Whole Foods Market stores. Team Genius Squad Simmons, also known as the STEM Princess, created Team Genius Squad to promote STEM awareness and encourage individuals to believe in themselves, identify their uniqueness, and pursue their goals. Last year, in 2023, the team decided to start in-person events and designed a STEM Mobile Lab to travel across the country. They then launched their own STEM toys, with 15
Aster has announced its $2.4 million pre-seed round to build a platform to enable women’s health providers to deliver materially better care. Aster The United States is the most dangerous and expensive high-income country for childbirth, especially for Black and Indigenous women. Black women face a nine times higher risk of maternal death than their white counterparts, regardless of wealth. The Aster app was created to help women keep track of their pregnancy, communicate with a care team on the app, and book appointments and remote monitoring. FiFi Kara co-founded the app after witnessing her
Google has purchased Edlyft’s AI tutor – a generative AI co-pilot for college students studying computer science. Erika Hairston and Arnelle Ansong, two long-time friends, founded Edlyft in 2020 to support Black college students and adults enrolled in science, technology, engineering, and mathematics (STEM) courses. Their digital platform connects learners to inclusive mentorship, online group tutoring, live and recorded sessions, and personalized study tools, enabling them to succeed in their classes and secure high-paying jobs. Over the past two years, Edlyft collaborated with Google through their Google Tech Exchange, teaching applied data structures to Historically
Postpartum difficulties and a gap in the wellness industry led LaDonna Welch to create a mental health app, Ebony Notes, designed to affirm the Black community. Meet LaDonna Welch Welch advocates for diversity, equity, representation, personal growth, and inclusion. After giving birth to her second child in 2012, she learned she had postpartum and seasonal depression when she went to a doctor to discuss her symptoms. “They suggested that I speak to someone, and I was in my 30s. At this point, I had never even considered talking to anyone,”
UK-based Black-owned platform Sojo has become the first fashion repairs and alterations platform to achieve B Corp certification. Certified B Corps are companies verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability. The B Corp Community is a global movement of businesses that provide leadership by demonstrating their commitment to people and the planet. There are over 7,800 B Corps worldwide, across 161 industries in 92 countries, with over 708,300 workers. Sojo achieved 86.8 points, above the B Corp pass mark of 80 and
The Black Business and Professional Association (BBPA) has appointed Lianne Hannaway as its new Chief Executive Officer (CEO). The Black Business And Professional Association Founded in 1983, the BBPA is a non-profit charitable organization that addresses equity and opportunity for the Black community in business, employment, education, and economic development. Their mission is to advance Canada’s Black communities by delivering programs that support business and professional excellence. Hannaway became their new CEO on January 22 of this year, 2024. “I am honoured and excited to take on the role of CEO at the
Alinea Invest has received $3.4 million in seed funding just in time for the launch of their virtual AI assistant to help users with their investing needs. Alinea Invest After interning at Goldman Sachs, Eve Halimi and Anam Lakhani, co-founders of Alinea, realized the need for a female-focused investing app to guide women in making investments and managing their wealth. “The pain point we saw is that people like us who are young women, Gen Zs, children of immigrants, they have no idea where to start,” Lakhani told TechCrunch. “Financial literacy is a massive pain
Tech Nation has revealed the startups selected for the 2024 cohort of their Libra program, which aims to champion underrepresented founders. Based in the UK, Tech Nation is the leading growth platform for tech insights, connections, collaboration, and talent. It empowers ambitious founders and their teams with the access and knowledge they need from their seed stage to their end goal. Over the past decade, Tech Nation has engaged with over 5,000 businesses and accelerated 1,250 through 48 growth programs. The Libra Program Libra is the growth program for underrepresented tech founders
Sage, The BOSS Network, and Swoop have unveiled a new training and mentorship program to support Black women entrepreneurs in Atlanta. Sage is a small and medium-sized business accounting, financial, HR, and payroll technology leader. The BOSS Network, founded by Dr. Cameka Smith, is an online community of professional and entrepreneurial women who support each other through conversations or online and event-based networking. Swoop is a global fintech company specializing in funding solutions for businesses, and together, the three have created the Pathways to Success program. Challenges Black Women Founders Face The program was
