As a way to support Black entrepreneurs in Chicago, startup incubator 1871 is launching a new accelerator program designed specifically for Black-owned businesses.
Called BLK•Tech with Verizon, the 12-week accelerator will give participants access to mentoring from prominent Black business and tech leaders in Chicago, as well as business training through 1871’s PYROS education program.
The accelerator, however, doesn’t provide any funding to entrepreneurs. An analysis by Inno found that lack of funding is often the largest hurdle Black entrepreneurs face when launching a business.
Betsy Ziegler, 1871’s CEO, said the organization has been having internal discussions about launching an accelerator program for Black founders for about two years.
Recent Comments