Menu

AWS launches first accelerator for underrepresented entrepreneurs, pledges $30 million over three years

Amazon Web Services (AWS) has announced plans to invest $30 million over the next three years in early stage start-ups founded by underrepresented entrepreneurs, and recruitment is already underway for the first program.

Titled the “AWS Impact Accelerator: Black Founders,” it combines the power of Amazon and AWS technology to help “Black founders accelerate their cloud-based business for serious scaling.” It is an eight-week program, and those selected with receive $125,000 as a cash grant and $100,000 in AWS Activate credits, all for zero equity in return.

According to the website, the inaugural program “is designed for U.S.-based Black founders who are the CEO and/or CTO of an innovative tech or tech-enabled start-up. We’re talking pre-seed start-ups with a solution already built and underway. The program is industry and vertical agnostic, and we welcome both technical and non-technical founders who are leveraging cloud technologies or plan to. If you’ve got game-changing ambitions, we encourage you to apply.”

Applications are being accepted through May 13. Those selected will be notified the week of May 23, and the accelerator runs June 6 through July 29. The first week is expected to be in-person at the Amazon Headquarters in Seattle with weeks two through seven operating virtually. The final week will occur in-person at the AWS Startup Loft in either San Francisco or New York City.

Click here to read the news release announcing the accelerator.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to tballard@pyapc.com. Include the name and contact information (phone and email) for follow-up.