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New Research Highlights Strategies to Increase Inclusion of Women and Minority Entrepreneurs in High-Tech Incubators and Accelerators

May 23, 2016 (Detroit, MI) – A new research report by JPMorgan Chase & Co. and the Initiative for a Competitive Inner City (ICIC) finds that women and minorities are significantly underrepresented in high-tech incubators and accelerators, but uncovers many examples of incubators and accelerators that have been successful in attracting more diverse entrepreneurs. The report, Creating Inclusive High-Tech Incubators and Accelerators: Strategies to Increase Participation Rates of Women and Minority Entrepreneurs, was announced by JPMorgan Chase and ICIC on Monday in a session at Detroit Startup Week.

“Research has shown that diversity is an asset to high growth companies, but far too few women and entrepreneurs of color are participating in the successful, high-tech incubators that launch such enterprises. This report provides a playbook to connect more women and minority entrepreneurs with the critical tools and resources needed to scale companies, leading to more inclusive and equitable economic growth.”

Janis Bowdler, Managing Director, JPMorgan Chase Global Philanthropy

Interviews with over 75 industry experts and an exhaustive review of research informed the study, which found that women and minority entrepreneurs face significant barriers gaining access to high-tech incubators and accelerators. Intentional exclusivity and a lack of outreach are the strongest barriers to diversity. Inherent biases in the selection process and “one-size-fits-all” program design also create barriers.

“Research has shown that diversity is an asset to high growth companies, but far too few women and entrepreneurs of color are participating in the successful, high-tech incubators that launch such enterprises. This report provides a playbook to connect more women and minority entrepreneurs with the critical tools and resources needed to scale companies, leading to more inclusive and equitable economic growth.”

Janis Bowdler, Managing Director, JPMorgan Chase Global Philanthropy

The full report can be found online at http://icic.org.


About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.JPMorganChase.com.

Media Contacts
Liz Holden
Tel. +1 617.238.3010
eholden@icic.org

Alexis Martin
Tel. +1 215.864.5715
alexis.a.martin@chase.com