ConnXus Connects Black-Owned Tech Companies With Dollars

Story excerpt provided by Ebony.

Written by Lynne D Johnson.

The numbers still aren’t adding up for African-Americans in tech. A new study conducted by Lawless Research (on behalf of Techstars and Chase for Business) found that 72% of executives in the field believe diversity is important, but only 12 percent are actually supporting that value by employing five or more employees from diverse backgrounds. The same research revealed that only 1 percent of venture capitalists’ funds are allocated to Black start up CEOs.

So what’s a Black techie to do? One route to consider is looking into federally funded supplier diversity programs, because they specifically offer funds to small business owners from underrepresented demographics. ConnXus, a Black-owned software company based in Mason, Ohio, understands the benefits of supplier diversity initiatives and its executives recently served as the official technology sponsor for the 2016 Minority Supplier Development Council United Kingdom Conference in London. The global affair boasted more than 600 delegates from Australia, Canada, China, South Africa, the Unite States and the United Kingdom.

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Originally published November 18, 2016.

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