New England Venture Capital Association Celebrates Hack.Diversity Program Success and Expansion
Event honors first Hack.Diversity cohort and unveils 2018 partners: DraftKings, HubSpot, Carbonite, Liberty Mutual and Vertex
BOSTON, Mass — October 24, 2017 — Today, the New England Venture Capital Association (NEVCA) with support from The Boston Foundation will host an event to honor the first fellows to graduate from Hack.Diversity, its workforce development program created to tackle the underrepresentation of minority talent in Boston’s innovation economy. The Hack.Diversity Fall Celebration will also preview the program’s expansion for 2018 and launch “Hack500,” a $500,000 fundraising and sustainability campaign.
Hack.Diversity was created to help high-skilled minority employees break into some of New England’s fastest-growing companies. In its inaugural year, Hack.Diversity matched 16 fellows from across Massachusetts community and technical colleges with competitive internship positions at 2017 partner companies Carbonite, DataXu, HubSpot, Wayfair, and Vertex. Additional 2017 partners included The Tech Connection, Flybridge Capital Partners, Rapid7, , Akamai, _Underscore.vc, and YearUp. Throughout the nine-month experience, both fellows and company employees benefited from training, coaching and mentoring services.
Speakers at tonight’s event include Hack.Diversity fellow German Martinez, who recently joined Wayfair after completing his fellowship, as well as:
· Jody Rose, executive director, New England Venture Capital Association
· Paul Grogan, president and CEO, The Boston Foundation
· John Barros, chief of economic development, The City of Boston
· Jason Robins, CEO, DraftKings
· Dr. Pam Eddinger, president, Bunker Hill Community College
· Greg Shell, managing director, Bain Capital
During the event, the NEVCA will formally announce some of its 2018 partner companies to-date, which include: Carbonite, DraftKings, Flybridge Capital Partners, HubSpot, Liberty Mutual, Resilient Coders, She Geeks Out, Startup Institute, Tech Connection, Vertex and YearUp.
“To innovate, businesses rely on the free-flow of information and new ideas from diverse perspectives. By failing to tap into the pool of talent that exists in minority communities, businesses are putting themselves at a disadvantage,” said Jody Rose, executive director, NEVCA. “The aim of the Hack.Diversity program is to bridge the opportunity gap, getting Black and Latino employees in at the ground-floor of some of New England’s fastest-growing companies, giving them and their employers the tools needed to build a diverse and inclusive corporate culture.”
As part of the NEVCA’s plans to expand Hack.Diversity, the organization has partnered with The Boston Foundation to launch the “Hack500” capital campaign, a $500,000 scalability and sustainability initiative to ensure the program’s success well into the next decade. In addition, key philanthropic partners include Belden and Pamela Daniels and The Demond and Kia Martin Foundation.
To learn more about Hack.Diversity’s mission as well as its inaugural cohort and partners, visit www.hackdiversity.com.
About the New England Venture Capital Association (NEVCA)
The NEVCA’s mission is to make New England the best place in the world to start and grow companies.
Guided by the principle that venture capital returns are a function of talent, networks, ideas, infrastructure, and political climate, the NEVCA serves its membership by championing the entrepreneurial ecosystem: Building relationships among VCs and founders, positioning the region as a destination for new companies and capital, building student-engagement and talent retention programs, promoting diversity and inclusion within the startup and venture community, and advocating for innovation-friendly public policy.
Follow @NewEnglandVC on Twitter, check out www.newenglandvc.org or the NEVCA’s Facebook page to learn more.
Version 2.0 Communications for NEVCA