Black Matter launched The Black Founders & Entrepreneurs Evening at the Google For Start-Ups Campus London in June 2019.
About this Event:
The Black Founders & Entrepreneurs Evening opened with a fireside chat (informal conversation) with a panel of three prominent black Entrepreneurs and thereafter there was an opportunity for attendees to network and connect.
The evening was designed to support young BAME (Black and Minority Ethnic) individuals interested in starting their own ventures and entrepreneurs looking to connect and network with like-minded individuals or seek out potential business partners.
Minority Founders and entrepreneurs are, in general, more in need of business support. For example, when it comes to key aspects like raising start-up capital for many people of colour, the “friends and family” approach, which so many founders rely on — asking parents, aunts, uncles and grandparents for the financial support needed to get their ideas off the ground — isn’t an option. The UK’s first Wealth and Assets Survey in 2009 found that while the average white household had £221,000 in assets, black Caribbean households had £76,000, Bangladeshi households £21,000 and black African households £15,000. Black and Ethnic Minority families simply don’t have the resources to offer such funds.
The panellist for the evening were:
Jamelia Donaldson- Founder of hair care subscription box service, Treasure Tress. Under the leadership of Jamelia, Treasure Tress has quickly cemented itself as a go-to lifestyle brand for natural women up and down the UK, Europe and the Middle East. As a Forbes featured entrepreneur Jamelia runs monthly workshops that teach young black and mixed-raced girls about confidence, self-esteem and beauty standards.
Andy Ayim- Managing Director of Backstage London which is a 3 month accelerator programme that invests $110K into 'underestimated' founding teams that have at least one women, person of colour and/or LGBT founder.
Urenna Okonkwo- Founder of fin-tech savings platform Cashmere app. Cashmere app is a social savings platform that helps stylish millennials save towards and buy luxury fashion items. Cashmere uses a digital wallet to help users save and accumulate reward points that can be converted to cash to spend on their favourite items