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Amazon entities kick in $100,000 in venture capital for Black tech entrepreneurs


With the mission of improving equity in venture capital funding and providing support for compelling and representative Alexa applications, Amazon Alexa Fund, Alexa Startups and Blavity announced the Black Founders Build with Alexa, reports AfroTech.

This four-month, remote program seeks 10 Black-founded startups located in North America that are driving innovation in voice, artificial intelligence and ambient computing. The selected startups will have an opportunity to receive a $100,000 investment from the Alexa Fund and individualized technology support from the Alexa Startups team.

The goal of Black Founders Build with Alexa is to combat the lack of inclusiveness and underrepresentation of entrepreneurs of color in the tech industry. According to the Alexa Startups team, this initiative will lead to more diverse perspectives, bigger thinking, and ultimately better products and services for Alexa customers.

Black Founders Build with Alexa is a remote program for a cohort of up to 10 Black-founded startups. The startups must demonstrate readiness and the ability to deliver novel Alexa integration within the program duration. Startups selected for the program will receive 4-12 months of Alexa Startups Business Development and Solution Architect support, depending on the integration type.