{"id":377,"date":"2023-02-26T19:40:14","date_gmt":"2023-02-26T19:40:14","guid":{"rendered":"https:\/\/blackmediadaily.com\/?p=377"},"modified":"2023-02-26T19:40:18","modified_gmt":"2023-02-26T19:40:18","slug":"nycedc-unveils-diverse-cohort-of-100-entrepreneurs-selected-for-second-installment-of-the-founder-fellowship","status":"publish","type":"post","link":"https:\/\/blackmediadaily.com\/nycedc-unveils-diverse-cohort-of-100-entrepreneurs-selected-for-second-installment-of-the-founder-fellowship\/","title":{"rendered":"NYCEDC Unveils Diverse Cohort of 100 Entrepreneurs Selected for Second Installment of the Founder Fellowship"},"content":{"rendered":"\n

The Fellowship Expands from Eight to One Hundred thanks to a $1.5 Million Investment through Mayor Eric Adams\u2019 Blueprint for Economic Recovery <\/em> <\/p>\n\n\n\n

The Program Address Inequalities within the Startup Ecosystem by Supporting Tech Entrepreneurs from Historically Underrepresented Backgrounds to Raise VC Investments<\/em> <\/p>\n\n\n\n

NEW YORK, NY<\/strong> \u2013 New York City Economic Development Corporation (NYCEDC) today announced a cohort of 100 tech founder teams from across New York City to participate in the second installment of the Founder Fellowship program. Supporting a diverse community of tech entrepreneurs across various industries and sectors, the Founder Fellow program, provides entrepreneurs with access to networking, fundraising, mentorship, business development, and other opportunities necessary to build and scale their enterprises in New York City. Of the teams selected for the 2023 Fellowship cohort, more than 69 percent include at least one female founder and approximately 80 percent are led by Black, Latinx, and\/or Asian founders. <\/p>\n\n\n\n

NYCEDC received more than 550 applications for the second installment of the Founder Fellowship. The program is designed to address inequities in the tech ecosystem and empower all New Yorkers to seize entrepreneurship opportunities in the industry. The Fellowship expanded from eight to one hundred founder teams thanks to a $1.5 million investment from the City of New York through Mayor Eric Adams\u2019 Blueprint for Economic Recovery<\/a>.  <\/p>\n\n\n\n

\u201cThis $1.5 million investment will support a diverse group of entrepreneurs and will expand the cohort to 100 teams \u2014 helping to create good-paying jobs for New Yorkers and create a more inclusive economic recovery for our city,\u201d said New York City Mayor Eric Adams.<\/strong> \u201cAt a time when unemployment is falling overall but on the rise among Black New Yorkers, we must create family-sustaining career opportunities accessible to all New Yorkers. Our administration has made building a more equitable economy a top priority since day one in office and the focus of our economic recovery blueprint, and this \u2018Promises Made, Promises Kept\u2019 moment will help us get there.\u201d <\/p>\n\n\n\n

\u201cThe tech sector is a powerful force driving New York City\u2019s economy, and this administration is committed to bringing all parts of the sector together to better our city and diversify our tech workforce,\u201d said Deputy Mayor for Economic and Workforce Development Maria Torres-Springer<\/strong>. \u201cThe Founder Fellowship advances our efforts to build a more inclusive tech ecosystem by providing access to capital and support to innovators from historically underrepresented backgrounds. I am thrilled to see this program expand to support even more entrepreneurs who will scale their projects to solve complex problems and benefit all New Yorkers.\u201d <\/p>\n\n\n\n

\u201cThe Founder Fellowship champions an equitable tech ecosystem and works to ensure that the industry reflects the diversity of New Yorkers throughout the five boroughs,\u201d said NYCEDC President and CEO Andrew Kimball.<\/strong> \u201cWe are thrilled to build off the success of the inaugural Founder Fellowship cohort, working together with our partners to expand the program’s reach this year to 100 tech entrepreneurs and provide them access to critical networks and resources needed to scale their companies in New York City.\u201d <\/p>\n\n\n\n

\u201cI am thrilled that NYCEDC has selected the second cohort for the Founder Fellowship program. As the Chair of the Committee on Economic Development, I have worked closely with the NYCEDC on this fantastic initiative that continues to give community-forward entrepreneurs the resources they need for their innovative ideas and solutions to public issues. Thank you again to NYCEDC and congratulations to the second cohort of the Founder Fellowship! I look forward to working with this cohort to continue to bolster our emerging tech industry and cannot wait to see the creative solutions they come up with to help New Yorkers across all five of our boroughs,\u201d said Council Member Amanda Far\u00edas.<\/strong> <\/p>\n\n\n\n

View the full list of the 2023 Founder Fellows here<\/a>. NYCEDC selected the following operator partners to host five unique Founder Fellowship cohorts in 2023. Each program operator is providing unique value and offerings to the startups participating in their respective cohorts. <\/p>\n\n\n\n