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If you’re a founder in the outdoor industry, this initiative is for you! According to PR Newswire, REI Co-op has launched Path Ahead Ventures, including $30 million in 300 founders of color to start and scale their outdoor industry businesses. “Path Ahead Ventures is an opportunity to collaborate with founders of color to create an outdoor industry where economic opportunity, success, and influence reflect the true diversity of people who love, protect and share life outside,” said Susan Viscon, REI senior vice president of corporate development and investment, in an official press release. “Partnering with founders to grow their businesses faster will also provide the opportunity for their innovations, perspectives, and ideas to influence the broader industry.” After months of discussion with hundreds of founders, investors and industry and community leaders to better understand their current challenges, Path Ahead Ventures was born. “Through Path Ahead Ventures, we are taking a...
Billing itself as the leading online program training underrepresented founders on how to raise money to scale their tech startups, the Founder Gym (FG) has just announced that they’re ready to go forward with yet another cohort. This cohort, according to their Medium page, will be part of the inaugural fundraising cohort specifically designed for Black women who want to raise money to scale their startup. FG Fundraising Cohort 17 is for all Black women, including trans women. The best part about the Founder Gym is that they don’t take a portion of equity when they do get you funding for your startup. Rather, they’re a fee- and tuition-based program, and there are even payment plans available for those that can’t afford the tuition all upfront. For those that don’t identify as Black women, Founder Gym has you covered, too. Although non-Black women can’t apply for this next cohort, there is another cohort that’s available for all underrepresented founders (women, Black, Latinx,...
Black founders have a tendency to be overlooked in the tech industry. Overall, Black founders represent one percent of venture-backed companies, according to CB Insights. The #ProjectDiane study by DigitalunDivided reported Black women-led startups have raised $289 million in venture capital funding since 2009. This only accounts for .0006 percent of the $424.7 billion raised in venture funding during that time. Programs like Backstage Accelerator—which last month announced the launch of training programs in four different cities for underrepresented tech founders —offers small companies led by diverse founders support for accessing venture capital to help to build successful businesses. Check out the list below to learn about some other incubators and accelerators. NewMe In 2017, NewME startup accelerator moved their program from the Silicon Valley to Miami in an effort to better serve entrepreneurs of color. “The old [accelerator] model works for a particular type of entrepreneur....