This investment, announced in June, is part of a company-wide $100M investment supporting racial equity and justice initiatives. That particular program will be led by Apple VP Lisa Jackson.
“The initiative will challenge the systemic barriers to opportunity and dignity that exists for communities of color and in particular the Black community,” Apple CEO Tim Cook shared in a video.
This initiative to invest $10M in Harlem Capital will support investments in 1,000 companies with diverse entrepreneurs over the next two decades.
@HarlemCapital receives $10 Million investment from Apple. Harlem Capital is a venture capital firm on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over the next 20 years.
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📸: Harlem Capital pic.twitter.com/6JUPRCj0W6
— Envolve Entrepreneurship USA (@EnvolveUSA) January 22, 2021
Harlem Capital was founded in 2015 and is a venture capital firm whose mission has been to change the very face of entrepreneurship. It began with Managing-Partners Henri Pierre-Jacques and Jarrid Tingle. They happened to meet in the Management Leadership for Tomorrow Career prep program that was founded by John Rice. Once they discovered their shared passion for investing, the two brilliant minds connected with other friends and formed Harlem Capital in the aforementioned Tingle’s living room.
They also added Brandon Bryant and John Henry to form the “Dream Team”. With this investment, the venture capital firm is now on track and very capable of helping a new generation of entrepreneurs create change.
Harlem Capital is a New York-based venture capital firm that will provide capital to entrepreneurs of color. The firm will also play a huge role in helping Apple achieve its broader economic advancement goals in under-resourced communities.
HC will also serve as mentors in Apple’s first Detroit Developer Academy – a program designed to empower young Black entrepreneurs with the skills needed to be proficient in iOS app economy. While also providing support to participants in Apple’s Entrepreneur Camp.
This is a week-long program that offers lab sessions, one-on-one expert guidance, and insights from top Apple leaders. Following the program’s conclusion, participants join a global network of other leaders.
Apple has also vowed to support the internship program of Harlem Capital, a competitive program that has attracted thousands of applicants and provided experiences to over 50 interns to date.
A passion turned into reality is what I like to call “Black Excellence”.