This summer, the Harvard Innovation Labs and Amazon Web Services (AWS) welcomed 25 Black-led ventures to the inaugural NextGen Accelerator, a two-week founder bootcamp for early-stage student founders from Historically Black Colleges and Universities (HBCUs) and universities in Sub-Saharan Africa.
The Harvard Innovation Labs would like to thank the incredible founders who participated in the program, The Schultz Family Foundation for its generous grant and support, Amazon Web Services for their partnership, and all the startup leaders and investors who volunteered their time to speak to our cohort. Check out some of the photos and posts from the two incredible weeks.
Welcoming the Cohort
Harvard Innovation Labs operations manager Shuntaro Shirota gives the NextGen Accelerator participants a tour of the Harvard Innovation Labs.
NextGen participants gather in the Harvard Innovation Labs classroom for orientation.
Founders participate in “paired introductions,” where they learn about another founder’s startup and introduce that startup to the audience. (Left to right: Qtech Innovations CEO Quincy Box, SingularityMD CEO Alannah Mack DeBruce, and Sholla CEO Misrak Woldu)
Putting in the Work
Founders engaged in daily interactive workshops covering various topics, such as customer discovery, market validation, pitching, fundraising, and leadership skills. Sessions were led by successful entrepreneurs and experts across a range of industries and function areas. David Willbrand, chief legal officer at Pacaso (pictured below), gave a fundraising chalk; Mark Wilson and Ashok Vairavan, founders of Chime Solutions (Acq. VXI Global Solutions) led a discussion about scaling a business; and Allison Byers, founder of Scroobious, helped founders learn how to build a pitch deck.
Funder Panel and Showcase
As a capstone to the two-week accelerator, four leading Black venture capitalists shared their perspectives on the fundraising landscape for Black founders. Their discussion was wide-ranging, from why only one percent of venture capital money goes to Black founders to what they’re looking for as they decide whether to invest in a startup. Tiffany Johnson, creator of Amazon’s $150M Black Business Accelerator, moderated the panel, which featured: Kofi Ampadu, partner at a16z; Daniel Acheampong (Harvard Kennedy School 2020), founder and general partner at Visible Hands; Javier Grevely, Boston Chapter co-lead at BLCK VC and an investor at Wellington Management; and Eunice Ajim, founding partner at Ajim Capital.
After the panel, founders presented a one-minute pitch about their venture to a full audience at the Harvard Innovation Labs and a virtual audience of investors and innovators in the AWS community. In addition to pitching their ventures, participants gave shout-outs to the staff and advisors who have helped them along the way.
Rose Josephat Rwegasira (University of Dar es Salaam) thanks the NextGen Accelerator for a “life changing” experience, and pitches Smartdarasa, a venture using 2D, 3D, and AR technologies to help students understand STEM in an easy, fun, and affordable way.
Olayinka Akinhanmi, of Morgan State University, pitches Abbey.VC, a platform that democratizes VC investment.
Faith Mokgalaka, of University of the Witwatersrand, pitches Puno, a fintech solution for African small-scale farmers to crowdsource funds that also provides insurance support and market access.
Gera Baano-Steward II, of Morehouse College, pitches Simp Now, the first social and dating app focused on making people be more authentic and go on more dates.
Alannah Back DeBruce, of Howard University, pitches Singularity MD, an intelligent virtual medical assistant for primary care that reduces physician burnout by automating clinical note taking.
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