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August 16, 2023 | Tom Ballard

HBCU Founders Initiative adds five new schools

Three of the five are from the Southeast, and a fourth is from neighboring Virginia.

The HBCU Founders Initiative (HBCUFI), a nonprofit organization that supports students and alumni at historically Black colleges and universities (HBCUs) along their entrepreneurial journey, has announced that it has selected five additional HBCUs to join its Pre-Accelerator program.

Those added to the group include three from Southeastern states – Morehouse College in Atlanta, Benedict College in South Carolina, and Bethune-Cookman University in Florida – along with Hampton University in Virginia and Texas Southern University. These newest institutions join HBCUFI’s Fall 2022 inaugural cohort of seven partner HBCUs that include Bowie State UniversityElizabeth City State UniversityMorgan State UniversityNorth Carolina A&T UniversityOakwood UniversityPrairie View A&M University, and Spelman College.

The Pre-Accelerator program is in place to provide specialized support to students and alumni exploring entrepreneurship and the launch of tech-fueled ventures across HBCU campuses.

As participants in the program, each of the 12 partner HBCUs will host two, eight-week Pre-Accelerators (one in the fall and one in the spring) in support of up to eight start-ups per cohort. Each is comprised of early-stage founders who are past the ideation stage and ready to validate a problem and build a minimum-viable product.

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