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A new venture has launched to amplify Caribbean founders. Caribbean Venture Collective Caribbean Venture Collective — founded by Daniel Smith (Keepingly) and Mita Carriman (Adventurely), both Techstars alumni of Caribbean descent — has launched to help founders realize their full potential, a ccording to a news release shared with AFROTECH™ . Entrepreneurs will be supported across eight impact verticals: travel/hospitality tech, logistics and supply chain, proptech, agritech, climate tech, fintech, healthtech, and edtech. The move will also help to improve a region that spans over 30 countries and territories, with a combined population of more than 40 million. “Having been a founder in Trinidad and then moving to The U.S, realizing that one of the biggest issues that most founders face is around funding and being able to have access to funding and understand the market sizes, etc… What we’re doing is to ensure that we build a pipeline,” Smith told AFROTECH™. “One of the biggest...
Five days of fun, networking, mentorship , and the chance to enjoy everything the most magical place on Earth has to offer — that’s what Disney’s Dreamers Academy is all about. From Wednesday, March 26, to Sunday, March 30, 2025, students from around the world traveled to the Walt Disney World Resort in Orlando, FL, to be inspired, motivated, and energized by educators, business executives, community leaders, and celebrities, including “DREAMbassador” Tyler James Williams (“Abbott Elementary”) and former NASA rocket scientist Aisha Bowe . For the 100 participants — ages 13 and 19 — such as Alexis Limary, Jayden Kelly, Christian Rutter, Iraj Shroff, Ava Powers, and Tristan Williams, getting accepted into the 18th annual Dreamers Academy was a dream come true, preparing them for future careers in science, technology, engineering, and math ( STEM ). “The opportunity to even be able to come to Disney World, expenses paid, that’s just someone’s dream. Also, to be able to become a part of...
Lewis Hamilton has made it his mission to diversify his sport. Hamilton, raised in North London, England, began racing at 8 years old and experienced a lack of representation in the sport firsthand. However, winning created an opportunity for him to feel accepted, he admits in conversation with GQ. “Being the only Black kid on the circuit, struggling at school, really always my big drive was acceptance — ‘If I win the race, I will receive that acceptance in this world,'” he expressed. View this post on Instagram A post shared by AFROTECH (@afro.tech) Hamilton began to allocate a lot of his time towards go-karting at a young age with the support of his father, Anthony, who was his mentor and manager, Formula 1 reports. Anthony simultaneously had three jobs at a time to support his son’s driving career. The sacrifice would pay off even within Hamilton’s childhood years. “We won the first six races…Then we just kept going. We kept winning. We kept winning championships,” Hamilton...
Apple faces its largest decline since 2020, leading the race of significant drops in technology stocks as President Donald Trump announced a 10% tariff on all imported goods and higher duties targeting specific countries, according to CNBC. Trump shared the news about tariffs from the White House’s Rose Garden after the market closed on Wednesday, April 2, 2025, raising concerns about a potential global trade war . According to a White House fact sheet, the tariffs will take effect at 12:01 a.m. EST on Saturday, April 5, 2025. “Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers,” the fact sheet read. On Thursday, April 3, Apple stock declined by over 8%, Meta Platforms and Amazon each dropped about 7%, and Nvidia and Tesla experienced declines of over 4%, per CNBC. The...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Elon Musk and his DOGE agency continue to make cuts and layoffs across the federal government despite voter’s outspoken opposition. They’ve taken their frustration out on Musk’s electric car company, Tesla, by boycotting the brand. Voters across the country have been attending town halls with both Republican and Democratic leaders to voice their concerns about Musk’s involvement in the federal government as an unelected official. Hundreds of thousands of federal employees have been laid off as a result of DOGE cuts, with several thousand being reinstated as a result of an order from a federal judge . For the past few weeks, protestors have been throwing eggs and vandalizing Tesla cars—especially the cyber truck, which has been ridiculed for its unfinished, robotic appearance. They’ve set fire to Tesla service centers and announced a general boycott of the company. The boycott isn’t just a domestic...
Corporate Executive Justin Grant wants to see more Black executives sponsor people within their community. Sponsorship allows an individual in a higher position than you to advocate for you in rooms with the goal of helping your career reach new heights, unlike mentorship , which typically is intended for skill building and obtaining more knowledge. “You want your boss’s peers in other departments to know who you are and to be in your network and to be folks that will, when your name comes up, when they’re deciding who to promote or who to give the bigger bonus to. ‘Yeah, I know that person. I vouch for them.’ So I think that’s the distinction,” Grant said on the “Black Tech Green Money” podcast hosted by AFROTECH™ Brand Manager Will Lucas. Grant credits three white individuals for serving as executive sponsors throughout his career and speaks to an alarming trend that he witnessed that has prompted a call to action. He notes that Black executives have been less inclined to open...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. During Donald Trump’s second presidential campaign, his relationship with the tech industry was highlighted due to his budding relationship with Elon Musk , who spent $288 million to help elect Trump. While many people in tech believe this is when the federal government started to embrace the tech industry, the relationship with the federal government was started by former President Barack Obama during his campaign and subsequently expanded while he was in office. Obama first supported technology via social media on the presidential campaign trail in 2008. Facebook had been founded on Harvard University’s campus four years before his campaign, and due to its connection with the younger electorate, he leveraged it in a way not seen before, though it has been seen since with Donald Trump’s embrace of X. Obama’s campaign used Facebook to target younger voters, empower grassroots organizations, and...
Dr. Bernard Harris will be inducted into the Astronaut Hall of Fame. The Temple, TX, native graduated from the University of Houston in 1978 with a bachelor of science degree in biology. He then attended medical school at Texas Tech University and completed his residency at the Mayo Clinic in 1985, followed by a fellowship at NASA’s Ames Research Center, according to a news release. Dr. Harris joined NASA as a clinical scientist and flight surgeon. He remained with the agency from 1990 to 2010, and during his tenure, he became an astronaut and served as a mission specialist on STS-55 (1993) and the groundbreaking STS-63 flight in 1995, which made him the first African American to walk in space. In total, Dr. Harris has spent 18 days in space and has flown seven million miles, he notes on his LinkedIn. “Space exploration has always been about pushing boundaries, inspiring future generations, and proving that the impossible is achievable,” Dr. Harris said in a news release. “I am...
Salesforce is retracting its DEI goals. Business Insider reports that the major software company removed references to its diversity, equity, and inclusion (DEI) goals in its annual financial report. Regarding hiring, the company says it will now uphold equality as its core value. “While we are not specifying representation goals, we remain committed to our core value of equality,” a Salesforce spokesperson confirmed to Bloomberg. This sentiment was also echoed in the filing, which read, “We value the equality of every individual at our company and in our communities and are dedicated to fostering a workplace that complies with these protections, creating an inclusive culture where every individual feels seen, heard and valued.” Salesforce joins a growing list of companies that have all followed a common pattern in recent months. Google, Amazon, and Meta are other technology-driven companies that are shifting their focus away from DEI. In retail, Walmart, Aldi, and Target have done...
Happy wife, happy life is how the saying goes. Tracy McGrady will agree. The basketball legend, nicknamed T-Mac, was drafted into the NBA by the Toronto Raptors in 1997. He was just 18 years old at the time and had played high school basketball for North Carolina’s Mt. Zion Christian Academy. He signed a three-year rookie contract valued at $4,689,480, per Spotrac. This was not, however, his first lucrative contract. Just ahead of the 1997 draft, his talents landed him a $12 million shoe endorsement deal with Adidas, as AFROTECH™ previously reported. Making that kind of money at 18 came with its learning curves. McGrady grew up in a household with his mother working as a custodian at Disney while his grandmother was a custodian at his elementary school for three decades. No one in his family earned over $40,000. “You can only imagine I’m 18 years old. I don’t have a family that has taught me financial literacy. I don’t know anything about it. So all of this is just trying to figure...
Pharrell Williams’ nonprofit organization Black Ambition has distributed $13 million to underrepresented founders since its inception. The nonprofit currently is launching its fifth Black Ambition Prize Competition, which will award early-stage entrepreneurs in industries such as consumer products and services, health care, media and entertainment, technology, and artificial intelligence (AI). Participants will have a chance to receive more than $1 million in funding. Further support will be provided over 12 weeks through mentorship, business development support, and access to its network of investors and industry leaders through the Black Ambitionist Mentorship Program in partnership with Cinematica Labs. According to information shared with AFROTECH™, $13 million has been awarded to 131 entrepreneurs since 2020. Additionally, the organization’s founder network has raised $280 million and generated over $265 million in revenue. “Five years ago, Black Ambition was an idea,” Williams...
Travis Scott has launched a new program that will fuel the design and creativity of students. In 2020, the rapper and songwriter extended his impact in his hometown of Houston, TX, by launching the Cactus Jack Foundation in November 2020, providing the next generation with educational and creative resources, Variety notes. One year after its inception, the foundation launched the 60,000-square-foot Cact.us Design Center at TXRX Labs, serving at-risk middle and high school students. It offers training, mentorship, and exposure to career paths in graphic design, fashion, and music, according to information shared with AFROTECH™. The foundation also provides $10,000 scholarships to college students in partnership with the Fashion Scholarship Fund through the Design Ethos Program. It has awarded scholarships to two cohorts since 2024. Recipients include: Gerald Baano-Stewart II (Morehouse College, 2024) Amanda Kerr (Savannah College of Art and Design, 2024) Satchel Smith (Thomas...
A judge is no longer considering retracting a multi-million-dollar award that rapper T.I. and Tameka “Tiny” Harris were to receive from a lawsuit. As AFROTECH™ previously reported, the couple sued children’s toy company MGA Entertainment Inc. for infringing upon the name, image, and likeness of their girl group, OMG Girlz. The group was created by T.I. and Tiny in 2009 and includes members Bahja Rodriguez (Miss Beauty), Breaunna Womack (Miss Babydoll), and their daughter Zonnique Pullins (Miss Star). Known for their colorful hair, makeup, and fashion looks, the group peaked in 2012 with their singles “Where The Boys At?” and “Gucci This (Gucci That).” MGA Entertainment Inc. released its ‘L.O.L. Surprise! O.M.G. (Outrageous Millennial Girls) Dolls in 2019, earning hundreds of millions of dollars in the process, and was recognized with the Toy Association’s Doll of the Year Award, notes American Bar Association (ABA). Some of its dolls, however, had closely resembled the OMG Girlz...
U.S. District Judge Linda Taylor has halted the Trump administration’s proposal to freeze federal loans and grants. In a ruling delivered on Tuesday, January 28, Judge Taylor condemned the policy as “arbitrary and capricious,” pointing to language from the administration’s memo that failed to sufficiently justify the freeze or address its potential impact on millions of Americans. This decision is a significant development in a case closely watched by students, homeowners, and small business owners nationwide. According to the Associated Press, the White House memo, dated earlier this month, proposed suspending federal loan and grant disbursements to “mitigate fiscal risk” and “streamline budgetary concerns.” Judge Taylor, however, pointed to specific language in the memo that acknowledged the policy would lead to “temporary disruptions” in funding for programs supporting vulnerable populations. In her decision, she highlighted that the administration’s justification failed to...
The Department of Defense (DoD) is terminating all diversity, equity, and inclusion programs. “The President’s guidance (lawful orders) is clear: No more DEI at Dept. of Defense,” Defense Secretary Pete Hegseth wrote in a post on X. “The Pentagon will comply, immediately. No exceptions, name-changes, or delays.” The post included a handwritten note that said, “Those who do not comply will no longer work here.” The President’s guidance (lawful orders) is clear: No more DEI at @DeptofDefense . The Pentagon will comply, immediately. No exceptions, name-changes, or delays. pic.twitter.com/KwRtxYRIbG — Pete Hegseth (@PeteHegseth) January 26, 2025 On Monday, Jan. 19, 2025, the first day of his second presidency, President Donald Trump signed a record number of executive orders — including one terminating all federal DEI programs, AFROTECH™ previously reported. The order mandated the closure of all DEI offices and placed all government employees in those offices on paid leave. Charles...