According to a recent study, black founders of companies receive less than 1% of all venture capital funding, which in the U.S. alone, totaled approximately $130 billion. A Kauffman Foundation analysis of U.S. Census Bureau data found that 28% of Black entrepreneurs’ profits were limited by lack of access to capital. Accenture has launched the Black Founders Development Program, and the Black Founders Development Fund. Kathryn Ross, Open Innovation Global Lead and Black Founders Development Program Lead at Accenture is my guest.
