To build a global innovation economy where Black, Indigenous, and Latinx innovators can boldly create, fail, invest, and thrive
HBCUvc’s mission is to direct how capital is formed and distributed to increase opportunities for Black, Indigenous and Latinx innovators.
We accomplish this by developing, connecting and mobilizing the next generation of venture capital leaders in communities where entrepreneurs face barriers in accessing capital, and by empowering solutions to employ race-conscious investing practices.
HBCUvc was founded in 2017 by Hadiyah Mujhid as an effort to create more funders of color. Its core program, a venture capital fellowship for students attending HBCUs launched in the Fall of 2017 at 3 universities and with 9 students. Going into its third year of programming, the Fellowship has expanded to 12 universities (including 2 HSIs), trained a total of 49 future venture capital leaders, and secured partnerships with Techstars, Kapor Capital, Intel Capital that supports its pipeline of emerging entrepreneurs and investors.
In the summer of 2019, HBCUvc launched the first-ever citywide VC internship program, in collaboration with PledgeLA. The program had a focus on ensuring the venture capital and technology industry in Los Angeles was representative of the diversity of their population. The program was a paid 10-week experiential learning internship program hosted in Los Angeles. Selected candidates participated in a two-week training to learn the fundamentals of investing and entrepreneurship, followed by eight weeks of hands-on experience working alongside a group of LA-based investors in a venture capital firm.
HBCUvc also launched in 2019 an annual list spotlighting young Black and Latinx VCs who are making strides in venture capital.
Since its founding in 2017, HBCUvc has positively impacted the career trajectories of 120 young professionals through mentoring, job placement in venture capital or with startups, and expansion of professional networks. The impact of these 120 program participants (majority Black and Latinx) has and will continue to have a ripple effect, through increased access to capital, in communities that have historically been underestimated.
To learn more about HBCUvc and our programming visit www.hbcu.vc