*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
Be Well: Fitness in 4 - Wall Exercises
Look around - the walls you see can actually be used as gym equipment. Personal trainer Lamont J. Wallace demonstrates some moves you can do to build strength just about anywhere.
Creating a Dog-Friendly Tailgate With Bark Social
Football season is entering its final weeks but watch parties and tailgating continues -- and no party is complete without a man's best friend. Luke Silverman, co-founder of Bark Social and Penny, a friendly Cavapoo, joined Cheddar News to show how to set up the perfect puppy-friendly tailgate.
On the Scene: Big Apple Circus
Cheddar News spoke with Big Apple Circus CEO Marty LaSalle who began as a juggler in the ring with the circus and discussed its operations, collaborations and its legacy. Cheddar News also got a chance to see juggler Noel Aguilar in action and discuss what's it like performing on the big stage.
Load More