Mercury Fund to invest in accelerator DivInc to grow resources for diverse founders bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
DivInc Joins Forces with Mercury Fund
Brings venture capital firm insights to diverse founders
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HOUSTON, April 14, 2021 /PRNewswire/
DivInc, a premier nonprofit organization founded to enhance diversity, equity, and inclusion in the startup ecosystem, today announced a partnership with Mercury, an early-stage venture capital firm headquartered in Houston, Texas. This partnership will help DivInc empower and educate underrepresented entrepreneurs by lending Mercury s expertise through mentoring, guidance, and workshops to entrepreneurs that participate in DivInc s accelerator program. Additionally, Mercury will provide financial support for the organization and its programs. We are excited to establish a mutually beneficial long-term partnership with Mercury with the goal of accelerating equitable access to resources and opportunities, enhance economic mobility, and drive social impact across the startup and venture capital ecosystem in
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DivInc launches Houston accelerator to boost diverse entrepreneurs By Chris Tomlinson, Staff writer
Ashley DeWalt is a serial entrepreneur, start-up adviser, business plan judge and university lecturer, which means he is accustomed to being the only Black man in the room.
He aims to change that with his new venture.
DeWalt will lead the Houston office of DivInc, a no-cost, start-up accelerator focused on diversity, equity and inclusion by fostering underrepresented company founders. He starts taking applications Monday for the first class of 2021.
“People have talked about how Houston is the most diverse city in the country, and it’s true,” DeWalt, a native of Missouri City and University of Houston graduate, told me. “But living here, there are still some challenges when we talk about equitable opportunity when it comes to leadership and venture capital. It’s not diverse in Houston.”