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As it pushes to support more Black and Latinx women entrepreneurs in innovation and technology, New Jersey-based digitalundivided launched a new fellowship program, according to a news release. The social impact nonprofit is hosting the Do You Fellowship as a 12-month program to boost 12 Black and Latinx women founders with coaching support, $5,000 in funding and other professional development resources. The inaugural cohort will also receive access to digitalundivided’s newly formed Mentorship Council which is a growing network of CEOs, investors, industry leaders and other supports looking to help guide minority women founders. “We launched the Do You Fellowship to better position these diverse founders to lead, raise capital, become profitable, and scale,” Lauren Maillian, CEO of digitalundivided, said in a release. “The Do You Fellowship received incredible support from corporate, foundation, and accelerator partners, all eager to invest in this first, powerhouse cohort of...
Gaining capital for startup companies is a challenge in itself, but recently there’s been an outpour of initiatives and programs being created to provide more funding for minority entrepreneurs. Many women and minorities are almost always left out of lucrative venture capitalist funding, and according to Crunchbase , women-founded startups only receive about 9 percent of investments. To help more women entrepreneurs gain financial independence, Tracy Garley — founding partner and CEO of GoFundHer — launched a new crowdfunding platform committed to helping women receive the financial and community support they need, Black Enterprise reports . Photo credit: Instagram / @_gofundher With a goal in mind to advocate for women’s dream ventures, the Liberian-born entrepreneur partnered with crowdfunding owner and founding partner Roger Mensah to bring her vision to life. “I developed the crowdfunding website and social club as sister companies embracing the causes of girls and women,”...
“The future is femme” is becoming less of a trend and more of a fact as more and more women-owned businesses launch across the country. Even as an underfunded demographic of the U.S. population, Black women entrepreneurs are leading the charge for launching the most start-ups in America. According to Fast Company , last year women of color accounted for 89 percent of the new businesses opened every day and that number has grown faster than the overall rate of new women-owned businesses in the past five years. Starting a new business isn’t easy, which is why The Access Project wants to help women entrepreneurs get access to the resources and funding they need to succeed. The Access Project is a non-profit, seed-stage startup accelerator for women-owned businesses that leverages the expertise of the fashion and beauty industries, namely branding, marketing, and design. Their mission is to meet women entrepreneurs where they are and lend their expertise by providing mentorship and...
During our shifting economic climate, AnitaB.org, a nonprofit social enterprise, and Founder Gym, an online program training underrepresented founders on how to build successful companies, both saw the need to provide timely information for women founders. In turn, they created TheStartUp! , a six-part webinar series to provide free information for women founders in need of relevant resources and information to help build and scale their businesses amidst this unique time. The idea behind this collaboration is a culmination of business development and learning opportunities for women technologists and aspiring tech founders. Both companies are thrilled about this new partnership as they contribute their level of expertise in community engagement for women in tech. “Through this partnership, we will foster the development of more women-led startups that are equipped to navigate challenging experiences and overcome turbulent times, to scale world-class, high-impact companies,” shared...