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January 13, 2021 07:25 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/MY8Qp9qDuM8/apple-invests-millions-to-back-entrepreneurs-of-color-part-of-racial-justice-effort
Apple Invests Millions To Back Entrepreneurs of Color, Part of Racial Justice Effort
Apple on Wednesday said it was putting $60 million into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of color. From a report: Apple said it would invest $10 million in a fund with Harlem Capital, a New York-based early-stage venture firm, with the goal of helping fund 1,000 companies over 20 years. Apple will invest $25 million in Siebert Williams Shank's Clear Vision Impact Fund, which provides financing to small- and mid-sized businesses, with an emphasis on minority-owned firms. Apple will become a limited partner in funds at both.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/MY8Qp9qDuM8/apple-invests-millions-to-back-entrepreneurs-of-color-part-of-racial-justice-effort
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