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Black Innovation Alliance, Village Capital Announce Nationwide Initiative to Support Founders of Color

Over the past few months, organizations across industries have come together to brainstorm ways they can pool their resources to uplift and support Black and brown entrepreneurs. This week, Black Innovation Alliance — an entity comprised of support organizations that serve Black innovators — and VC firm Village Capital announced the launch of a new initiative called Resource, a nationwide effort that strives to amplify entrepreneur support organizations (ESOs) that are led by and focused on founders of color, TechCrunch reports. Resource — a coalition made up of companies like Moody’s, The Sorenson Impact Foundation, Travelers and UBS — is supported by a national coalition of funders that are dedicated to entrepreneurs of color. According to TechCrunch, the initiative’s mission is to lend support to local accelerator programs and incubators to build a healthy, flourishing ecosystem of leadership with Black and brown founders helming it. “We want to make sure that those accelerators...

Apr 8, 2021