Black and Latino Tech Initiative - aVenture Non-Profit Research
Black and Latino Tech Initiative
Operating Status: Operating
CUEED, a research-based center at Rutgers, revitalizes urban communities through entrepreneurship and the Black and Latino Tech Initiative.
Location
Newark, NJ, US
The Black and Latino Tech Initiative, part of the Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers Business School, focuses on capacity building for early-stage tech companies. This pre-accelerator program is designed to help Black and Latinx tech co-founders develop essential skills and relationships. The initiative supports startups in the pre-seed stage, providing guidance on business models, product-market fit, and technology roadmaps.
Notable portfolio companies include Virimodo, which has raised $70,000, and WearWorks, with $716,500 in funding. The initiative is led by experienced professionals from CUEED, leveraging their research-driven approach to entrepreneurship and economic development. Their investment philosophy centers on revitalizing urban communities and empowering diverse entrepreneurs. Unique value-add services include virtual pre-accelerator programs that cover financial compensation models and the roles of technical co-founders.