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New accelerator will support start-ups founded by HBCU students and alumni

By Jesse Schwartz
Published: December 16th, 2020

A new program aims to promote and support tech entrepreneurship among students and alumni at Historically Black Colleges and Universities (HBCUs).

Powered by the San Francisco-based accelerator Nex Cubed, the HBCU Founder’s Program will provide resources, mentorship and funding to start-ups founded by HBCU students and alumni, with a focus on companies in digital health, financial technology, education technology, and property technology.

“Being a start-up founder, I really became aware of the discrepancies between the predominantly white colleges and institutions and HBCUs in terms of start-up resources,” says Jade Lockard, creator and program manager of the Founder’s Program.

Throughout the fall, the program has hosted webinar panels focusing on different industries. According to Lockard, there are about 300 students in the program from 60 different HBCUs, including Morehouse College, Clark Atlanta University and Spelman University, her alma mater.

Next summer, over the course of two months, the participants will build out their start-ups, each receiving $10,000 in funding. At the end of the program, they will pitch their companies to investors.

“The HBCU Founder’s Program is a way to really start working with collegiate students and help bridge the gaps in the disparities there,” Lockard says. “There’s a lot of innovation coming from HBCUs.”

Source: Atlanta Inno

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