Tech accelerators and their pipelines are the answer to minority tech entrepreneurs' access to resources, said Lyneir Richardson in The New Stack

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Tuesday, January 24, 2017
Newark, NJ

The New Stack

Getting started with a new project, business or application idea is a challenge for anyone, but this challenge can increase exponentially if an entrepreneur is Black, Latinx or a woman. Many first-generation immigrant entrepreneurs miss out on the 'family and friends' seed funding round their Ivy League white male counterparts may get. Others are faced with the task of securing capital with a business potential that isn't in the billions.

Without minority entrepreneurs being able to access these resources, the technology ecosystem and the world as a whole will find itself lacking. "That means important, profitable businesses are not being launched and not growing to scale, and really that means that our world is losing out on innovations that we all want and we all want to promote and encourage," explained Professor Lyneir Richardson of Rutgers Business School’s Center for Urban Entrepreneurship and Economic Development (CUEED), speaking with TNS Associate Podcast Producer Kiran Oliver on the new episode of The New Stack Makers podcast.

CUEED aims to help minority tech entrepreneurs access resources such as capital, meeting spaces, business advice, and offers instruction on how to apply to a technology accelerator program or a government-funded grant for seed capital.

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TAGS: Entrepreneurship Lyneir Richardson The Center for Urban Entrepreneurship and Economic Development Thought Leadership