New York VC firms form alliance to back diversity

Published 6 November 2023


Key takeaways include:

  • The New York City Economic Development Corporation (NYCEDC) launched Venture Access Alliance, a group of 70 investors dedicated to enhancing diversity in the city’s startup ecosystem.
  • The Alliance aims to collect diversity data, increase hiring and funding for women and minorities, and track progress in the city’s landscape, encouraging investors to implement programs for developing diverse talent.
  • Supported by partners like Harlem Capital and Union Square Ventures, the Alliance seeks to create an inclusive ecosystem, recognizing the potential of diverse founders and emphasizing the importance of mentorship, internships, and increased investment in diverse entrepreneurs.

Read more about the new alliance here.