Apple to invest $60m in projects to uproot systemic racism
The iPhone maker is establishing two grant programmes to help design curriculum in silicon and hardware engineering for historically black schools
13 January 2021 - 15:38
Apple said on Wednesday it was putting $60m into a new round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of colour.
Apple said it would invest $10m in a fund with Harlem Capital, a New York-based early-stage venture firm, with the goal of helping fund 1,000 companies over 20 years. Apple will invest $25m in Siebert Williams Shank’s Clear Vision Impact Fund, which provides financing to small- and mid-sized businesses, with an emphasis on minority-owned firms...
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