Blacktech Week Conference Helps Black Entrepreneurs Access Funding

MIAMI – The annual Blacktech Week summit decided to launch a weekend version of their week long conference to help close the funding access gap for black entrepreneurs. Securing capital continues to be a major barrier to entry for startups that are founded by minority entrepreneurs.

Based in Miami, Code Fever connects people of color to the startup and innovation economy in South Florida. Through education and programming, the nonprofit creates better access for startup founders of color.

With support from Knight Foundation in 2015, Code Fever launched Black Tech Week. The six-day conference has celebrated and connected innovators of color to advance their work, access and impact.

Their new initiative Blacktech Weekend is a 2 1/2 day Weekend Summit launched by Blacktech Week with the mission to connect minority entrepreneurs to funding.

Blacktech Weekend includes a diverse line-up of dynamic speakers, panels, and parties with Venture Capitalists and Startup Founders–all designed with the purpose to educate, inspire, and connect startup founders to sources of funding.

The opening keynote speaker, Michael Siebel, sold his company JustinTV, now Twitch.TV, for $900+ million in 2014.  Michael now serves as the CEO of Y-Combinator, one of the world’s most prominent start-up incubators.

As of 2016, Y Combinator had invested in 940 companies including Dropbox, Airbnb, Coinbase, Stripe, Reddit, Zenefits, BuildZoom, and Instacart.

BlackTech Weekend also features other world class speakers including Marlon C. Nichols, Venture Capitalist with Cross Culture Ventures, Lauren Maillian, one of the stars of Oxygen Show Quit Your Day Job, Armando Seay, Founder of Ross Technologies, Brian Brackeen of Kairos, Angela Benton of NewMe Accelerators and many more.

“There is such amazing genius in the black community so the issue as to why there is not higher representation in the innovation economy is not due to a lack of ideas. It is due to a lack of real capital to take these ideas to market and then the right mentorship and support to keep them there. That is why this partnership is so important,” Felecia Hatcher-Pearson, Co-Founder, Blacktech Week/Code Fever Miami, states.

Sponsors of the weekend summit include presenting sponsor John S. and James L. Knight Foundation who recently announced a 3 year, 1.2 million dollar grant award to increase  the programming year round. Other sponsors include Morgan Stanley, Ford, Simkins Foundation, Kenan Charitable Trust, BME, OneUnited Bank,  Remy Martin and Kairos.

Blacktech Week Weekend Program Highlights

• Opening Reception-An Evening with Michael Siebel at Venture Cafe in partnership with Refresh Miami Feb 23rd 2017
• Ford Men of Courage Breakfast  Friday February 23rd.
• Ford STEAM Lab for Educators on Friday February 24th 2017 Masterclass and Lunch
• Miami Black Heritage + Innovation Hub Experience Tour Saturday February 25th 2017
• Mentor Sessions in Partnership with Mentor Day
• Teen Pitch Competition at Overtown Youth Center in partnership with Dibia Athletics’s Super Saturdays

Code Fever will also introduce VC in Residence, a new program that will invite venture capitalists to spend a month in Miami advising and guiding minority entrepreneurs, which kicks off in April.