Intrapreneurship—the practice of creating ventures within existing organizations—could help bridge the resources gap Black founders face, recent new research suggests. Intrapreneurship: A Safer Space for Innovation While Black and white entrepreneurs start businesses at similar rates, Black-founded ventures are only half as likely to achieve financial viability. New research by Olenka Kacperczyk (London Business School) and Tiantian Yang (Wharton) shows Black intrapreneurs achieve financial outcomes nearly equal to white peers, with just a 2% gap over five years. One key factor? Researchers note that employers are already familiar with their
Google has unveiled the latest cohort startups selected for its Google for Startups Accelerator: Africa program. The six Black-led South African startups were announced at an event coinciding with this year’s Africa Tech Festival, which was held in Cape Town, South Africa. Google for Startups Accelerator: Africa The three-month hybrid accelerator program supports Seed to Series A technology startups led by at least one Black founder. This opportunity includes ZAR1 million ($50,000) in non-dilutive funding, up to ZAR3.6 million ($200,000) in Google Cloud credits, and access to mentorship and industry networks. By
Hannah Bronfman, the wellness entrepreneur turned prolific angel investor, has revealed her plans to launch her own investment fund during an event at AFROTECH Conference, as first reported by TechCrunch. Known for her portfolio of angel investments in over 70 companies—including Black-founded beauty brands like Topicals and Sienna Naturals—Bronfman now aims to manage an institutional fund. From Angel Investor to Institutional Visionary Bronfman, who previously founded the wellness and beauty platform HBFIT, shared her experiences with an audience of young Black professionals and tech executives. She highlighted how community and
Kendall Hamilton, a highly ranked Rocket League player, and his mother, Dr. Gigi, are leading an initiative that has supported young Black gamers in securing over $150,000 in Name, Image, and Likeness (NIL) deals. Together, they founded Game Changer Academy, an organization dedicated to helping young Black gamers use their skills for financial and professional growth. Game Changer Academy: Turning Gaming Skills Into Opportunities Game Changer Academy emerged from Kendall Hamilton’s own journey in competitive gaming according to a press release. Initially, his mother, Dr. Gigi—a licensed psychotherapist and organizational
CapWay, the fintech startup aimed at tackling financial inequity, has officially shut down. Founder Sheena Allen announced the closure, expressing pride in CapWay’s mission while also sharing disappointment that the journey ended prematurely. Allen’s LinkedIn post marked the end of CapWay, a company that strived to serve underbanked communities often described as “banking deserts.” “Although it has been a while, I am finally making the announcement that CapWay is no longer an active business,” Allen wrote on LinkedIn. Challenges in Fintech Funding and Regulation Founded in 2016, CapWay sought to
Venture capital firm Fearless Fund has announced a seven-figure investment in Zimi, an emerging e-commerce platform. Zimi, co-founded by Audrey Djiya and Peter Nsaka, specializes in inventory management, storage, and logistics to help businesses in emerging markets, particularly Africa, expand globally. This latest investment reaffirms Fearless Fund’s continued commitment to supporting underresourced founders, including women of color, following its year-long legal battle with the American Alliance for Equal Rights (AAER) over its grant program for Black women founders. Fearless Fund Backs Zimi Zimi launched in August with the goal of
Wrk Receipts, an AI-powered mobile platform designed to offer real-time workplace advocacy, was recently launched, bringing a fresh approach to how employees navigate professional challenges. Founded by Cierra Gross, the app aims to provide employees with more transparency and control over their workplace experiences, setting a new standard for workplace empowerment. At the heart of Wrk Receipts is Jayla, an AI advocate that helps users document and address workplace issues. By offering personalized advice on employment laws and company policies, Jayla guides employees through complex scenarios, ensuring they know their
Los Angeles-based tech startup See Computing is introducing Speakimage.ai, an AI-powered tool designed to make communication more inclusive and accessible. Unlike most GPTs which prioritize text, Speakimage.ai generates text, images, and video from a single input, revolutionizing communication for visual thinkers, the hearing-impaired community, and neurodivergent people. A Groundbreaking Tool for Inclusive Communication What sets Speakimage.ai apart is its holistic approach to communication. Set to launch on October 1, 2024, Speakimage.ai caters to the specific needs of different cognitive and sensory styles. Whether it’s creating vivid images for visual thinkers, captioned
In this week’s Techish, Abadesi and Michael reflect on the ups and downs of running their own companies: Vanity metrics and getting your priorities right (00:10) Why VC money seems so sexy (08:05) The secret to getting good feedback (11:35) The future of corporate anti-racism (19:05) Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube Extra Reading and Resources Check out Hustle Crew’s Playschool Accelerator 2024.
In this episode of Techish Podcast, Abadesi and Michael discuss Kamala Harris vs. Donald Trump debate Bias and how it ties into today’s political climate AI and how companies building their own solutions to save money Social media affecting brand engagement Plus they break down Fearless Fund lawsuit and more! Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch on Youtube
