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Northwestern Mutual: Launches Initiatives To Aupport Black Startup Founders

  • Northwestern Mutual has launched new initiatives that will support Black startup founders nationally and locally in its headquarters of Milwaukee
  • The company’s venture capital fund, Northwestern Mutual Future Ventures, will dedicate $20m to investing in startup companies founded by Black entrepreneurs
  • The investment criteria for the $20m Black founder funding allocation aligned with Northwestern Mutual Future Ventures key strategic areas of focus
  • The company will also launch the Northwestern Mutual Black Founder Accelerator powered by gener8tor, a startup accelerator
  • The 12-week accelerator will run up to two cohorts of five companies a year and startups must aligned to Northwestern Mutual Future Ventures investment areas of focus
  • Then the first cohort will begin in early 2021
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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