New Research Highlights Strategies to Increase Inclusion of Women and Minority Entrepreneurs in High-Tech Incubators and Accelerators
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.
Janis Bowdler, Head of Global Philanthropy, JPMorgan Chase
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.
The full report can be found online at http://icic.org.