When the world needs technological breakthroughs to resolve the biggest challenges, from pandemics to climate change, philanthropic-backed projects often lead the way. But philanthropy operates in many ways – should it thrive on competition or collaboration?
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Black people remain woefully underrepresented in tech investor and startup circles.
Google s VP of startup partnerships said there was a lot of work to do to improve representation.
Google has unveiled a $2 million funding scheme for Black startup founders in Europe, in an attempt to combat the dire lack of representation across the technology sector.
According to Atomico s most recent State of European Tech report, less than half a percent of venture capital money goes to Black founders on the continent, and less than 3% of European venture capitalists identify as Black.
Google has made its own pledges to improve diversity internally following criticism from employees, with CEO Sundar Pichai promising to improve representation of underrepresented groups in the company s leadership by 30% by 2025.