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The technology industry has produced a significant amount of wealth in the past decade; producing the majority of the top ten wealthiest Americans. Financial analysts predict that the sector will produce as many new millionaires moving forward as the financial industry has in the past. However, as the industry creates ballooning wealth for its investors, entrepreneurs, and professionals -- communities of color are left behind only to exacerbate the existing racial wealth gap. 

The data presented below from diversity reports shows the significant underrepresentation of blacks working in the technology industry:
  • 1 percent of venture capitalists (investors) are black
  • 1 percent of entrepreneurs who receive funding are black
  • 7.4 percent of professionals employed in the high-tech industry are black (in comparison 14.3 percent in all private industries)
We're a nonprofit organization that trains students attending Historically Black Colleges and Universities (HBCUs) and Hispanic-Serving Institutions (HSIs) in venture capital and technology entrepreneurship. The HBCUvc Fellowship provides students with venture capital skills training, mentorship, and the opportunity to build professional relationships with seasoned investors and entrepreneurs. The HBCUvc Venture Capital Clinic leverages the Fellows’ training and empowers them to fuel high-growth entrepreneurship on campus by giving them a real-world investing experience that bridges the theory and practice of venture capital. This first of its kind program unlocks and fosters entrepreneurship at HBCUs and HSIs and provides students with a unique learning experience that jumpstarts their careers. We believe by increasing the number of black and brown entrepreneurs and investors, we will create a more diverse and equitable tech ecosystem; increase employment opportunities for black and brown communities, and help to close the racial wealth divide. Join us in our mission by donating today.





 

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