digitalundivided—an entrepreneurship incubator for Black and Latinx women founders—just announced its partnership with accelerator program, Techstars, to increase support for women entrepreneurs.
The new partnership will help increase access for women of color to resources in the Techstar network including Techstars startup accelerators, Techstars Startup Weekends, and Techstars Startup Weeks, according to Hypepotamus.
“This year Techstars has expanded our focus on diversity and inclusion, and our partnership with digitalundivided is one of the ways we will achieve on that commitment,” said Jason Thompson, VP of diversity and inclusion at Techstars, in a company blog post. “We are thrilled to work with digitalundivided to further our engagement with Black and LatinX women entrepreneurs and provide the Techstars network as a resource to support their growth and success.”
The ProjectDiane2018 released by digitalundivided reported Black women-led startups have raised $289 million in venture capital funding since 2009.
Latinx-owned startups led by women raised a total of $1.36 billion in venture capital funding, accounting for 0.32 percent of venture funding raised since 2009, according to the new ProjectDiane2018: Latinx report.
The partnership was announced at digitalundivided’s BIG incubator Demo Day, the culmination of a 30-week startup incubator program for up to 20 startups led by Black and Latinx women. The Atlanta-based incubator program also announced plans to launch a new location in Newark, NJ.
Applications for both locations are currently being accepted. Apply here.