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Google is funding the expansion of a program from the non-profit CODE2040 to create more opportunities for African-American and Latino entrepreneurs beyond Silicon Valley. Minority entrepreneurs in seven cities will receive a $40,000 yearly stipend and free office space to build their start-ups that build pave the way to technology for minorities within their own communities. The announcement was made by CODE2040 founder and CEO Laura Weidman Powers on Saturday at SXSW.

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“CODE2040 is a nonprofit organization that creates pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities with a specific focus on Blacks and Latino/as. CODE2040 aims to close the achievement, skills, and wealth gaps in the United States. Our goal is to ensure that by the year 2040 – when the US will be majority-minority – Blacks and Latino/as are proportionally represented in America’s innovation economy as technologists, investors, thought leaders, and entrepreneurs.” (CODE2040.ORG)

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CODE2040 is trying to close the racial gap in the field of technology. As an example, at Google, seven out of 10 employees are men. Most employees are white (60%) and Asian (31%). Latinos and African Americans made by 3% and 2% respectively.

 

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