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Melinda Gates’ VC firm invests $50 million to boost diversity in tech across the US – Source CNET Tech


Melinda Gates’ Pivotal Ventures will invest in creating inclusive tech hubs, starting with Chicago.

Angela Lang/CNET

Creating a more inclusive tech industry could start outside Silicon Valley. At least that’s the approach Melinda Gates’ Pivotal Ventures is taking with a new $50 million initiative to foster inclusive tech hubs around the country. It’s called Gender Equality in Tech Cities.

In the coming five years, Pivotal Ventures, an investment and incubation company Gates founded in 2015, will go to work in three cities (two of which haven’t been announced), corralling local governments, academic institutions, businesses, venture capitalists and nonprofits. The goal is to get more women, and particularly more women of…

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Source CNET Tech

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