- 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
