Nonprofit venture fund Bronze Valley is partnering with accelerator platform Gener8tor to launch two accelerators in Delaware for startup-led founders from underrepresented backgrounds.
The two programs are named gBETA and gALPHA.
- gBETA program is aimed at startups founded by women identifying as Black, indigenous, or people of color.
- The
non-equity program will last 12 weeks, during which founders will
receive mentorship, access to investor networks, and resources for
go-to-market strategies.
- Bronze will invest $100,000 in five startups that successfully complete the accelerator program.
- The gALPHA program will cater to entrepreneurial students at historically Black colleges and universities.
- Bronze Valley is trying to address the shortage of funding for firms established by BIPOC entrepreneurs.
- In
2022, Black-founded startups secured $2.3B in VC funding, representing
just 1.1% of the overall VC deployed throughout the year.
