The top cities where Black entrepreneurs have taken advantage of Kiva loans the most include: New York City, Oakland, Pittsburgh, and Detroit.
The nonprofit crowdfunding platform has high rates of African American borrowers in the East and Midwest, including Baltimore, New York City, and Detroit.
Within the last year alone, Black tech platform creators have emerged to claim their stake in the multibillion-dollar professional networking scene. As networking offline and online converge, Black founders are developing digital tools to help users access deeper social connections that spill over from online environments into the real world.
Biometric technology certainly makes a splash in the headlines, but the “fuel” that powers most of its applications—algorithms and artificial intelligence—is also increasingly falling into the crosshairs of Black lawmakers and law enforcers.
Some Black lawmakers seem to be stepping in as proxy for those without a seat at the corporate table, as well as for those who are most vulnerable to the repercussions of Big Tech’s appetite for market dominance.
Nearly three years later, after an uphill climb to configuring a program that would effectively build up venture-backable companies and teams from underrepresented groups, the Hillman Accelerator, and its subsequent NewME Bootcamp, picked up a confirmed $1.2 million for its 2020 programming—a near triple increase in funding since Hillman first opened its doors for business.
Today, Black mayors are tasked with two important roles: develop a vision for their cities which may include the adoption of “smart city” initiatives and large-scale tech-sector job growth; and attempt to help Black communities bounce back from decades-long discriminatory policies and disinvestment to ensure their participation in the global economy.
Substantive or Spectacle? Black Entrepreneurs and Investors Weigh in on the Value of Pitch Competitions for Black Founders
Though pitch competitions offer access for all types of companies and founders, they are nowhere near an adequate response to what is a national crisis of inequality in funding for Black entrepreneurs.
In the crevices of the digital world, the Black in AI community has emerged as a response to the shortage of Black people being represented within the space of AI. In addition to its existence within private digital rooms, the community boasts one of few AI conferences where Black talent is centered at the forefront of research and innovation.
Black Investors Look to Leverage Opportunity Zones for Sustainability and Development in Communities of Color
For Derrick Morgan, becoming an impact investor has proven to be about much more than the return on his investment, but rather a chance to build long-lasting sustainability in communities that need it the most.
Flint might seem like an outlier, but the water that comes to most of our homes in the U.S. is at risk. These Black tech startups are working to change that.
J.J. McCorvey, explores how a few Black investors are thinking about the discovery and support of various niche industries and communities.
In 2017, we began documenting the rise of Black-owned firms. Two years later, we’ve added a total of nine new investment firms established by single Black founders or a Black co-founder between 2018 and 2019, taking our scope of evaluated firms from 33 to 46.
Two African-American professors at Columbia University are spearheading efforts to introduce social work students to the field of technology. The unlikely merger of the two fields aims to help humanize technology by preparing social workers for an ever-evolving technologized world.
Without a long-term viable plan for sustainability, ecosystem leaders may rely too heavily on scarce dollars and risk unavoidable constraints when funding priorities shift.
Statistically, most startups don’t last five years before closing up shop. But for Black founders who already find it difficult to raise the capital they need for growth, fighting for survival sometimes no longer makes sense.