The Fall 2022 Multicultural Innovation Lab (MCIL) cohort includes the following companies that have innovative strategies across sectors such as education, energy, food and beverage, healthcare,
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Carla Harris (Photo courtesy of Morgan Stanley)
Big American venture capital firms are transitioning from apathy to awareness to action when investing with companies owned by women and multicultural entrepreneurs, a fresh survey by investment banking powerhouse Morgan Stanley reveals.
That crystalized analogy comes from Carla Harris, vice chairman and co-head of the Multicultural Client Strategy Group at Morgan Stanley. She talked with BLACK ENTERPRISE about her firm’s second annual VC survey. Expressing her optimism with the report, Harris cited how attitudes and actions among 76 U.S.-based venture capital (VC) firms have changed in the last year. She says VCs today have greater willingness to invest with black and other diverse firms, enterprises that have for years and continue to struggle to gain such funding. She acknowledges those firms need capital to grow and boost their market value.