The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) will hold a five-city InVision Tour to raise the awareness of minority business owners about the opportunities in the tech sector.
The number of STEM jobs is projected to increase by 17% over the next 10 years, according to the Bureau of Labor Statistics. But less than 10% of minority businesses in the U.S. are engaged in the tech industry. The MBDA Tour aims to address this lack of diversity and racial gaps in the tech industry.
The tour will focus on educating minority business owners about the Federal Government tech transfer (T2) which can be their means of entry and success in the tech industry. Many minority innovators are not aware of T2 resources and how to utilize them to build and grow tech companies. Most of the major technology developments in the last 50 years such as GPS, personalized medicine and smartphones were made possible through the Federal T2.
Previous stops on the tour helped minority entrepreneurs raise funds, meet supporters in their fields of interest and prepare for commercialization. Registration is free for attendees.