Tech Talk

Minority businesses could boost the economy by as much as $300 billion. How? A new study from the Center for Global Policy Solutions titled, "The Color of Entrepreneurship: Why the Racial Gap Among Firms Costs the U.S. Billions," analyzed business owners by race from 2007-2012 and found that firms owned by people of color have contributed to the economic recovery. The research was based on the U.S. Census Bureau’s Survey of Business Owners (SBO), which comes out every five years.

LaShana Lewis knew she could find a better job than managing a help desk. Growing up, Lewis had been intrigued by technical problems, and a high school teacher, recognizing her aptitude, had encouraged her to pursue a computer science major in college. Lewis managed to complete three and a half years of a degree before running out of scholarship funding, but on the job market, her coding skills seemed worthless. "It was a lot of people asking me, ‘Did you complete your degree?’ Not, ‘Do you know how to code?’ " she says. Adding to her frustration, Lewis kept hearing companies claim that they couldn’t find tech talent in St. Louis. "You’re jumping up and down, waving your hand," she recalls. "[You’re yelling,] ‘I’m here! I’m here!’ " No one seemed to be listening.

A groundbreaking NYC-based technology accelerator is targeting under-tapped communities in a bid to increase diversity in the startup ecosystem. Startup52, the brainchild of Nigerian-born tech entrepreneur Chike Ukaegbu, is one of only a handful of diversity-driven incubators focused on identifying and developing high potential founders from underrepresented groups. The Harlem-based early-stage accelerator provides access to capital, resources, and a safe haven for entrepreneurs from backgrounds traditionally underrepresented in the technology sector.