Accenture’s venture capital unit has launched the Accenture Black Founders Development Program with the aim of funding, mentoring and supporting Black entrepreneurs.
Kathryn Ross, lead for the Accenture Black Founders Development Program, is looking to bolster networks of entrepreneurs shut out from funding. Accenture’s Black Founders Development Program includes strategic investment in North America and expansion globally as well as community engagement and thought leadership.
Ross noted that venture funding to companies founded by Black founders represents less than 1% of the funding. Women founded companies, Latinx and other underrepresented groups are less than 3% total.
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