Thursday October 27, 2016

Intel Capital Expands Diversity Fund

Today, at its 17th annual Global Summit in San Diego, Intel Capital announced its Diversity Fund will expand beyond its initial focus on startups led by women and underrepresented minorities to also include U.S.-based entrepreneurs from the LGBTQ community, entrepreneurs living with disabilities and military veterans. This $125 million fund آ– the largest of its kind by a significant margin آ– provides selected tech startups with access to Intel Capital’s business development programs, global network, technology expertise and brand capital.

New Diversity Fund leaders Trina Van Pelt and Christine Herron also announced all Intel Capital investors will scout and bring forward startups led by diverse teams and will encourage existing portfolio companies to support diversity. And, in a further demonstration of Intel’s commitment to diversity, Herron noted more than 60 percent of the new startups in the Intel Education Accelerator program are led by women and/or underrepresented minorities.