Austin, Texas, is emerging as one of technology’s most dynamic hubs, both in the United States and the world. And many of the startups flourishing in and around the city are headed by women, Black and Hispanic-Latino founders. But these entrepreneurs often find that securing the early-stage capital they need can be an enormous barrier to success.
That’s where DivInc comes in. Established as a nonprofit in 2016, DivInc makes direct grants to new tech companies with underrepresented founders. As CEO and co-founder Preston L. James, II, says in the video below, “It is so critical to help these companies get through that initial stage and allow them to build momentum and build confidence.”