Despite recent gains, women and people of color still receive just a fraction of the venture-capital investment that powers technology startups.
A new public-private fellowship program hopes to connect underrepresented entrepreneurs to investment opportunities—part of a wider industry effort to address inequities in VC spending. The Founder Fellowship effort is jointly run by the city Economic Development Corp. and Newlab, a membership-based tech workspace at the Brooklyn Navy Yard.
The first class of eight fellows, selected from about 70 applicants, will receive a one-year Newlab membership as well as introductions to investors and mentorship programming. Newlab’s 84,000-square-foot space includes coworking offices and access to 3D printing,
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