TechRise, a program from tech organization P33 that’s been hosting a weekly pitch competition this year for Chicago’s Black and Latino entrepreneurs, will return next year after a successful 2021 run. The program was launched with a $ 5 million fund to invest in startups owned by diverse entrepreneurs up and down the city in April. TechRise aims to channel more funds to minority-owned startups, which receive just 1.9% of all startup funding in Chicago, according to P33. In addition, corporate sponsors like Verizon, Discover, and Valor Equity Partners have
Detroit-based StockX has appointed Robin Washington as its new audit committee chair; the company shared in a press release. Washington, a greater Detroit native, joins StockX’s board with a wealth of experience advising tech and life science companies. In her new role, she’ll advise its leaders as StockX plans for international expansion and diversifying its catalog. She served as executive vice president and CFO at Gilead Sciences for almost 12 years, where she oversaw the global finance, facilities and operations, investor relations, and IT organizations. Washington also currently serves on the boards of Alphabet
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,
Angela Muhwezi-Hall and Deborah Gladney’s dating app style platform matching job seekers with employers have raised $1.41 million. According to Project Diane, the pair, who launched the QuickHire app last fall, became the first Black women in Kansas to raise at least a million dollars in capital, which tracks minority women-led startups. Its users are encouraged to upload intro videos to demonstrate their soft skills. Muhwezi-Hall told Kansas news that almost 70 paying companies and 12,000 job-seekers already use the app. Users enter their ZIP code and are instantly shown
A tech company that provides human resource training to large corporations has just been revealed to be using white actors to portray people of color within sessions about diversity, equity, and inclusion. During the training sessions, there were reportedly scenarios where Child Protective Services removed a child from a Black family and in each case, white actors played the roles of the Black characters. In other VR simulations, white actors played characters of Asian descent, and neurotypical adults played autistic children. Mursion, a corporate education company that has clients including Coco cola and Starbucks, has
Kenya’s Pariti Raises $2.85M Led By Harlem Capital To Develop Startup Ecosystems In Emerging Markets
A Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets has raised $2.85 million seed. Pariti, founded by co-founder and CEO Yacob Berhane and Wossen Ayele, had its round led by U.S.-based Harlem Capital. It’s the first deal in Africa of the VC’s diversity-focused fund that secured $134 million for its second fund earlier this year. The other investors involved were Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp, and New General Market Partners. According to Berhane, who launched the company in 2019 with Ayele, the company has grown 795% this
Spelman senior Inglish Hills has won the grand prize at BearWay Capital’s HBCU New Venture Challenge for her recycling system startup, Save Cycle. The start-up will undercut waste management services and pick up recyclables for businesses at a lower price. Businesses can use the Save Cycle app to schedule pick-ups and rent dumpsters. They can also track their environmental impact, making them eligible for tax advantages. Individuals will use the Save Cycle app to locate deposit boxes. Then, after disposing of their recyclables, they can scan a QR code and
A damning report has found that inflation is hurting the wallets of everyday citizens as it hits a 30-year-high in the US and people of color and rural households are the most affected. Researchers from the Bank Of America have reported that those with less income and wealth are less likely to have savings to buffer the current “inflation shock,” and because of this, their spending power is greater. But lower-income families are also more “exposed” to the goods with the most inflation, researchers wrote in a report released last week. The
Popular social media platform, Pinterest, has settled a shareholder lawsuit that alleged that top executives enabled a culture of discrimination. The move, which took place on Wednesday, was followed by a commitment by the firm to pay up $50 million to a series of reforms to increase diversity, equity, and inclusion across the company and its product. But financial details of the settlement between Pinterest, which was founded in 2008, and the shareholder, the Employees’ Retirement System of Rhode Island, have not been shared publicly. In a statement to NBC
A total of 4.55 billion people worldwide now use social media, with 400 million new users having just come online within the last 12 months. In other words – social media apps like Instagram, Twitter, and Tiktok have an undeniable impact on today’s world, and they can either be used for good or for bad. As we know already, the tech industry lacks serious diversity, especially when it comes to minorities, and that’s why we always take the time to celebrate those who are doing something about it. This Friday, we’re spotlighting
