Recently, a week-long $12 million dollar
investment and education opportunity called PowerMoves@Detroit, where
aspiring and established entrepreneurs received vital information,
participated in pitch competitions and were awarded seed money to start
or grow tech businesses was held in Detroit. Some of the largest venture capital firms, foundations and accelerators in the country were in attendance.
Yesterday, the Congressional Black Caucus hosted an event to launch CBC TECH 2020, a new initiative aimed at increasing
African American representation and inclusion in the tech industry. Through it, the CBC seeks to close the gap by encouraging industry leaders "to use
the same entrepreneurial spirit they use when creating new technologies
to become innovators in diversifying tech."