Chloe Capital In Search for Women Who Run the World
Diversity In ClimateTech program, powered by Chloe Capital and Cornell University, to support BIPOC and women-led technology companies tackling the world s climate crisis.
Applications for funding are now open for women shaping our clean energy future; Information Session held on May 13. Go to ChloeCapital.com/ClimateTech
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NEW YORK, May 3, 2021 /PRNewswire/
Chloe Capital and Cornell University are joining forces to support underrepresented founders combating climate change.
Diversity In ClimateTech is a new program to recruit, educate, inspire and support the growth of companies led by Black, Indigenous, and People of Color (BIPOC) and women founders on the forefront of clean energy innovation.
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The shock of the killing of George Floyd and other Black people in 2020 got Americans talking again about racial disparities and companies talking again about improving diversity and inclusion. With Black History Month now winding down, there’s even more talk.
But there’s been talk off and on for decades, with little result.
By some measures, the proportion of Black people in engineering professions has actually dropped since the 1980s, despite all the awareness. More recently, while there have been improvements in Black representation in IT positions across industries, Black representation in the US tech sector as a whole is still just half of what the Black population overall is. Black representation remains even lower in the tech vendor community.
Tech startups led by Black women raised $289 million between 2009 and 2018: That s a mere 0.06% of total venture funding for technology. Despite this, Black women continue to create and grow successful tech companies.
As we reported last year on International Women’s Day, Black women are an untapped market for investment. In October, the Black Women Talk Tech and the Talk Tech Association released the largest published study to date that looks into who Black women tech founders are and the challenges they overcome to build viable businesses.
The report surveyed 671 self-identifying Black women and found that they were high academic achievers, with 39% holding a Bachelor’s degree and 46% with a professional degree (a master’s, JD, MD, or PhD). A majority, 76.1%, were self-funded, with 52% providing more than a fifth of their personal income to their businesses.
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