Updated Jan. 13, 2021 4:08 pm ET Apple Inc. is launching several projects to extend education and funding opportunities to minority entrepreneurs, part of the $100 million pledge it made in June to help combat racism in response to the national outcry over the killing of George Floyd.
The iPhone maker on Wednesday said it would open a software-developer academy in Detroit later this year and launch two venture-funding initiatives for young “Black and Brown entrepreneurs,” with the goal of helping to build the next generation of diverse leaders.
“We are all accountable to the urgent work of building a more just, more equitable world,” Apple Chief Executive Tim Cook said. “And these new projects send a clear signal of Apple’s enduring commitment.”