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Circle and SeedInvest have launched a collaborative effort to support underrepresented founders. According to a press release, the Community Pitch Competition will be underway on June 1, 2022. The event will provide participants access to capital, networking, and business-building tools in hopes of propelling their business forward. What’s more, the competition will be free to enter. In the end, three founders will take home a prize pool of $5,000, $10,000, or $25,000 coupled with the option to secure funding on SeedInvest with $10,000 in fees waived. Plus, the winners may be in contention to secure bonus prizes from Ramp, Braze, and EY to bolster their business, with the stipulation that they meet additional outlined prize partner qualifications, according to the press release. “Underrepresented founders still do not have the same access to capital and economic opportunity, especially at the critical early stages of a startup,” said Rod McLeod, VP of Social Impact at Braze,...
Ernst & Young LLP just announced their inaugural cohort for Black and Latinx entrepreneurs, the Entrepreneurs Access Network (EAN). According to PR Newswire, the comprehensive, business accelerator — which operates as an executive-level educational program to elevate scalable companies — will include entrepreneurs in 10 markets across the U.S. giving companies access to resources, networks, and mentors. “Deep-rooted systemic challenges hinder many minority-owned businesses from achieving their full potential, an issue that was exacerbated this year,” said EY Americas Vice Chair of Accounts, Sam Johnson, in a press release. “Through EAN, our goal is to provide Black and Latinx founders with the necessary support to sustainably scale their businesses and drive economic growth. Without equitable access, the future of many Black and Latinx-owned businesses — and millions of jobs — hangs in the balance.” According to the press release, only 1 percent of venture capital dollars go to...