Rutgers Seeks to Close the Startup Capital Gap with Black & Latino Tech Initiative
Rutger University’s Center for Urban Entrepreneurship and Economic Development (CUEED) is looking to seeking to connect business owners of color with access to capital. The center’s mission is to “integrate scholarly works with private capital, government, and nonprofit sectors to develop citywide resources and bring renewed economic growth and vitality through urban entrepreneurship.” While much attention has been paid to startups like Uber receiving impressive amounts of financial backing black and latino founders have not been met with the same amount of support. The Black and Latino Tech Initiative founded by CUEED is planning to address the question of “what's stopping Black and Latino Founders from attracting and receiving capital for their tech ventures?”
The initiative's launch will be held at the headquarters of Newark Venture Partners on March 2nd.
The team overseeing the initiative includes Lyneir Richardson and Dr. Jeffrey Robinson of Rutgers’ department of Management and Global Business, experienced Program Manager and podcaster Melissa S. Jackson, and JuiceTank founder Mukesh M. Patel.
Additional partners on the project include Code for Newark, FOWNDERS, and =Space. The initiative will provide diagnostics, mentorship, customized work plans, and access to connections to potential investors. In order to qualify for the initiative companies must have at least one founder of color, a tangible product with quantifiable market validation, and team that is open to constructive criticism.
Looking to take the next step on your entrepreneurial journey? RSVP to attend the launch party of CUEED’s Black and Latino Tech Initiative for free here.