While the talent of Black entrepreneurs is limitless, their access to what is necessary to reach success is often stunted. Within the movement of transforming the ecosystem, the Black Economic Alliance Foundation has joined a leading systems technology company to provide ample funding and support.
A Commitment For Black Entrepreneurship
In partnership with the BEA Foundation, Cisco has made a $5 million commitment to advance the next generation of Black entrepreneurs at Atlanta Historically Black Colleges and Universities (HBCUs), according to a press release shared with AfroTech. Approximately $4 million in grants and direct technical services will go toward the Center for Black Entrepreneurship (CBE) and $1 million to the BEA Entrepreneurs Fund.
The new funding partnership comes after support from Bank of America, Wells Fargo, and Mastercard.
A Statement From BEA Foundation President Samantha Tweedy
“We’ve been honored to receive the support and partnership of Cisco and other major corporate entities,” BEA Foundation President, Samantha Tweedy, shared with AfroTech.
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