The Jumpstart Nova fund has raised $55 million from investors including Eli Lilly, HCA Healthcare and Bank of America to invest in Black health-tech firms.
For Black-led startups, the lack of diversity in venture capital can pose a hurdle to access funding
The Jumpstart Nova fund, launched in 2021 to invest exclusively in Black health-tech firms, has raised $55 million from investors including Eli Lilly, HCA Healthcare and Bank of America "Academic medical centers and scientific innovators — they're not pharmaceutical companies. They tend to look for partners to help finish the development of their programs," explained Porter, who foundedGetting start-up off the ground meant making his own connection with financial backers, but his timing was bad. He began talking to investors about Cellevolve in March 2020, on the eve of the pandemic shutdown.
"They're really making a bet on you as the entrepreneur and therefore it's a profoundly personal decision," said Porter, who holds a medical degree from University of Pennsylvania Medical School and an MBA from The Wharton School. He noted,"being different or in the situation where the investor may not see themselves in you, or may not find a way to connect, that makes it harder to find capital.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chicago’s Black Bread Co. co-founders featured on Discovery+ series ‘Profiled: The Black Man’The first episode of the new documentary series profiles Charles Alexander, Mark Edmond and Jamel Lewis, co-owners of Chicago’s Black-owned gourmet sliced-bread company, The Black Bread Co.
Lire la suite »
Ominous Russian movements in Black Sea raise alarmIt’s not just Russian troop movements that are setting off alarm bells. A large naval buildup in the Black and Mediterranean seas has created another threat to Ukraine near Crimea.
Lire la suite »
Community groups renew push for California health equity and racial justice fund“We have the money,” said Los Angeles Democratic Assemblyman Mike Gipson. “The time is now.”
Lire la suite »
Black gay priest in NYC challenges Catholicism from withinAmong Catholic priests in the United States, few are African American and few are openly gay.
Lire la suite »
Erin Jackson of US 1st Black woman to win speedskating goldShe'll forever be known as the first Black woman to win a speedskating medal at the Winter Olympics - and a gold one, at that.
Lire la suite »
DA clears California cop who shot and killed homeless Black man in San ClementeDA officials cleared Deputy Eduardo Duran of criminal wrongdoing in the Sept. 23, 2020 killing of 42-year-old Kurt Andreas Reinhold.
Lire la suite »