THE NASDAQ ENTREPRENEURIAL CENTER AND JP MORGAN CHASE ANNOUNCE THE VENTURE EQUITY PROJECT
SAN FRANCISCO, May 18, 2022 /PRNewswire/ -- The Nasdaq Entrepreneurial Center, a non-profit committed to growing inclusion and access for entrepreneurs worldwide, today unveiled The Venture Equity Project (VEP), a coalition of 10 leading academic institutions and global nonprofits, and supported by JP Morgan Chase, aiming to permanently improve the barriers that exist in the flow of capital to entrepreneurs of color. While first mover capital investments (FMCIs) play a critical role in the entrepreneurial ecosystem, their roles have been largely unexplored and their potential impact on subsequent venture investment in entrepreneurs of color has not been fully leveraged.
- The Venture Equity Project aims to permanently improve the barriers in the flow of capital to entrepreneurs of color.
- "It is historic to have JP Morgan Chase by our side for this groundbreaking ESG work."
- It is why we heeded the call from Nasdaq Entrepreneurial Center to join the Venture Equity Project," said Aaron T. Walker, CEO & Founder of project partner Camelback Ventures.
- The official website for the Venture Equity Project containing more information on partners and their respective work can be found at https://thecenter.nasdaq.org/vep/ .