Brooklyn’s Newlab and Bank of America lead US in tech initiative
'Innovator Spotlight' supports under-represented start-ups
Bank of America and Newlab announced on Tuesday the launch of Innovator Spotlight, an initiative supporting underrepresented entrepreneurs with the power to apply transformative technology to things that matter. Through Innovator Spotlight, the partners aim to address critical representation gaps and support diversity and inclusiveness in the technology industry across race, ethnicity, gender identity, and sexual orientation. Sponsored by Bank of America and Newlab, seven companies led by founders from underrepresented backgrounds have each been granted a 12-month Newlab membership, which offers access to Newlab’s 84,000 square foot space in the Brooklyn Navy Yard, its vast member community and extended global network, and on-site product realization resources to help them build and scale their companies.
In April 2021, Bank of America and Newlab launched an open call inviting early-stage technology companies led by underrepresented founders to apply for membership through Innovator Spotlight. The seven companies, selected from a competitive pool of global applicants, represent founders from backgrounds historically underrepresented in the technology industry.
The following seven companies, working on a range of verticals across connected systems, robotics, biotech, energy, AI, additive manufacturing, wearable tech, and agtech, were selected to participate in the Innovator Spotlight program: