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MINORITY STARTUPS GET BIG PUSH FROM NEWME ACCELERATOR

MINORITY STARTUPS GET BIG PUSH FROM NEWME ACCELERATOR

There’s a big difference between consuming technology and creating it. Angela Benton, the Principle of Black Web 2.0, along with partnersWayne Sutton and Toby Morning will help other African Americans make headway in the creation department. On June 16 the trio will launch the New Me Accelerator, which is the first minority led tech accelerator in Silicon Valley. The focus of this project is to get minority tech startups off the ground and exposed to the Silicon Valley startup culture.

The New Me Accelerator has already been met with a lot of support from the Silicon Valley community, which includes sponsors like Google, Kapor Capital, Gunderson Dettmer, Tagged, Interactive One, Syncom, Bronze, and Justin.tv. The interest proves that talent has no color and that smart companies will tap the talent pool for innovative thinkers with great ideas that have the potential to make money.

This accelerator will afford 12-minority startups (eight visiting and four local) the opportunity to be mentored by industry leaders and successful veteran startup tech entrepreneurs. The nine-week incubator is designed to enable participating startups to develop their products, build their network, and pitch in front of Venture Capitalists (VCs), Angel Investors, and the media.

The accelerator programming is broken up into four key sections, including:

  • Weekly private dinners that will allow participates to have informal conversations and the opportunity to pick the brains of industry elite.
  • Mentorship sessions to develop participants’ products. There are 39 mentors, including MC Hammer (Dance Jam), Stuart Crabtree (Facebook), and Tristan Walker (Foursquare).
  • Co-working environments such as the Citizen Space in San Francisco and the New Me Accelerator House in Mountain View, where the visiting startups will live.
  • Demo day where each of the startups can pitch their products to VCs, Angels Investors and the media with one of the goals being to get funded.  (more)

MORE ABOUT NEWME ACCELERATOR PROGRAM

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Article by Hajj Flemings, Black Enterprise | Read full article here


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