digitalundivided Launches BREAKTHROUGH Program In Partnership With JPMorgan Chase’s Advancing Black Pathways
14 Outubro 2021 - 2:59PM
Business Wire
This Business Intensive and Grant Program
for Black and Latinx Women Entrepreneurs Kicks-Off in Los
Angeles
digitalundivided, the leading non-profit leveraging the power of
data, programs, and advocacy to catalyze economic growth for Black
and Latinx women entrepreneurs, just announced the launch of its
new business intensive called BREAKTHROUGH in partnership with
JPMorgan Chase’s Advancing Black Pathways. This accelerated
business program is designed to support women of color
entrepreneurs with revenue-generating businesses and propel their
ventures to the next level. The inaugural cohort will feature Black
and Latinx women entrepreneurs, based in the Greater Los Angeles
area, leading tech-enabled and digitally innovative companies. Upon
completion of the program, each participant will receive a $5,000
grant to invest in their business.
“digitalundivided has long respected JPMorgan Chase and
Advancing Black Pathways’ commitment to women and advancing
inclusive business practices, and we are excited to partner on the
launch of BREAKTHROUGH to accelerate financial outcomes for women
of color entrepreneurs,” said Lauren Maillian, CEO of
digitalundivided. “BREAKTHROUGH will unite founders with disruptive
digital capabilities and provide them with a $5,000 grant and
access to a high-impact business intensive curated to accelerate
their businesses beyond the five-figure revenue mark.”
BREAKTHROUGH will select early-stage businesses with a minimum
of $50,000 in annual revenue and each founder will participate in
six comprehensive, business sessions from November 15 – November
19, 2021. digitalundivided’s curriculum for this program will focus
on strengthening customer engagement, banking relationships and
identifying the business models, types of funding, and economic
support needed to scale operations and impact.
“Women of color entrepreneurs and businesses are critical to our
economy and communities,” said Byna Elliott, Head of JPMorgan
Chase’s Advancing Black Pathways (ABP). “We’re honored to be able
to leverage our firm’s expertise and resources to arm the
BREAKTHROUGH participants with the keys to scaling and growing
their business.” JPMorgan Chase launched ABP in 2019 to help
strengthen the economic foundation of Black communities around the
world through business growth and entrepreneurship, financial
health and wealth creation, careers and skills, and community
development.
Applications for BREAKTHROUGH are open through Monday, October
25, 2021. digitalundivided and JPMorgan Chase will identify
different cities for the program activation in the United States.
The expansion of our research has shown us how geographical
considerations have a significant impact on startups and we are
doubling down on deeply understanding how location impacts the
long-term success of businesses. We are creating programs and
content to meet entrepreneurial needs across different regions.
BREAKTHROUGH will start in Los Angeles, CA, with other cities to be
announced.
Eligibility Criteria
Black and Latinx women founders who:
- Have majority ownership of an established business with
demonstrated traction
- Generate a minimum of $50,000 annual revenue
- Have been in business and incorporated for at least two
years
- Are legal residents of the U.S., including its territories
- Are developing a digital innovation and/or tech-enabled
business, where software is a major component of how they deliver
their products or services (i.e. mobile- or web-based)
- Are 21 years of age or older
- Are registered in the Greater Los Angeles area
JPMorgan Chase and digitalundivided share a common goal to
empower entrepreneurs of color and break down the barriers of
systemic racism and bias. digitalundivided’s ProjectDiane 2021
Update Report found that Black and Latinx Women received less than
half of 1% of venture capital funding. This groundbreaking research
update proves that women of color are continuing to lose ground in
the venture funding ecosystem. All of digitalundivided’s programs
are designed to close this funding gap and to support women of
color entrepreneurs at all stages of their funding journey from the
early idea to post revenue.
Apply now at www.digitalundivided.com/breakthrough.
About digitalundivided
digitalundivided is the leading non-profit leveraging data,
programs, and advocacy to catalyze economic growth for Black and
Latinx women entrepreneurs and innovators. Our goal is to create a
greater world in which all women of color own their work and worth.
We are a connector and a catalyst, supporting Black and Latinx
women entrepreneurs through best-in-class programming, mentorship,
training, resources, and investment. We offer unparalleled thought
leadership in the space. And we bring together the shared
experiences of our community to produce ground-breaking
authoritative research on Black and Latinx women entrepreneurs. For
more information, visit: www.digitalundivided.com and follow us on
Twitter (@digundiv) and on Instagram and Facebook
(@digitalundivided).
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $3.7 trillion and operations
worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of customers in the United States and many of the
world’s most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands.
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version on businesswire.com: https://www.businesswire.com/news/home/20211014005997/en/
Press: Chanel Cathey digitalundivided / CJC Insights
chanel@cjcinsights.com
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