Today we are excited to launch the Techstars Foundation.
Over the past year, many of our alumni, investors, and mentors have encouraged us to think hard about inclusive entrepreneurship. We decided that we wanted to do something very meaningful that would have a lasting impact on this issue — and so we created the Techstars Foundation. The goal of the foundation is to improve diversity in tech entrepreneurship by providing opportunities for underrepresented entrepreneurs through grants, scholarships, and sponsorships.
Creating the Techstars Foundation is also a way for us to take further action on top of the White House Diversity Commitment we made in August. That commitment involves increasing the numbers of female applicants and mentors in our accelerator programs, tracking and increasing minority participation, adding women to our selection committee, and publishing our diversity data annually. We want to do all of this as well as having a direct impact financially.
Founders and employees of Techstars, along with a number of alumni and mentors, have made an initial cash contribution to the Techstars Foundation, which launches today with more than $500,000. We are thrilled to offer a way for Techstars accelerator alumni, partners, mentors, Startup Weekend and Next alumni, and other supporters to Give First by providing access and opportunity to underrepresented minorities and – together – create stronger entrepreneur communities worldwide.
The Techstars Foundation is fortunate to have the guidance of an incredible board of advisors, including Brad Feld (Managing Director, Foundry Group), Mary Grove (Director, Google for Entrepreneurs), Jenny Lawton (Chief Strategy Officer, littleBits), Rod Robinson (Founder and CEO, Connxus), and Lucy Sanders (Founder and CEO, National Center for Women and Information Technology).
If you would like to get involved, please consider donating cash or stock to the Techstars Foundation. You can also name the foundation as a beneficiary. Your contribution is tax-deductible to the extent allowed by law.