*By Madison Alworth* Minorities are often underserved when it comes to the VC funding space, but one social enterprise group has ambitions to change that. "Innovation happens everywhere, in every community, in every gender, in every race, every class," Kathryn Finnerty founder of digitalundivided, said Thursday in an interview with Cheddar. But less than 1 percent of American venture capital-backed founders in 2016 were black, according to the Center for Global Policy Solutions. Part of the problem is that people in minority communities just don't have access to the right investors. "The average person doesn't know a VC and probably doesn't know how to actually connect, and that's one of the things we do at digitalundivided," Finnerty said. The group is committed to changing the narrative by guiding talented black and Latina women founders through the start-up process in a 9-month incubator program. digitalundivded's work starts at the beginning and helps innovators navigate the complex planning and funding ecosystem. Finnerty is optimistic she'll be able to effect change. According to her company's estimates, the number of start-ups founded by black women has more than doubled since 2016. And support seems to be following. "There has been increased attention on this problem," Finnerty said. "There has been increased investment in the space, as well." [Applications](https://www.digitalundivided.com/big-incubator-general-faq/) for the 2019 digitalundivided incubator program open on December 6. For full interview [click here](https://cheddar.com/videos/encouraging-and-enabling-female-entrepreneurs-of-color-to-succeed).

Share:
More In Culture
Grab Your Fancy Duds for Met Gala Mania With Karl Lagerfeld
It's the first Monday in May: Welcome to Met Gala mania. With a livestream available when the evening gets underway, the world's most fashionable fundraiser takes on one of the world's most prolific — and controversial — designers, the late Karl Lagerfeld, as the starry party's theme.
Culture War Clash Gives Kansas New Medication Abortion Law
Kansas clinics will be required to tell patients that medication abortions can be stopped using a drug regimen that the providers consider ineffective and potentially dangerous after a key legislative vote Thursday in the nation's ongoing partisan culture war.
Load More