Impact Ventures, a Dallas nonprofit dedicated to creating diverse and inclusive tech ecosystems, is launching what it calls “North Texas’ first minority-focused startup accelerator program.”

Formerly known as Impact House, Impact Ventures was founded in 2017 to close the income and wealth gap for minorities and women via tech career pathways, inclusive entrepreneurship, and capital investment. Its new 12-week accelerator, coming March 2020, aims to assist underrepresented communities looking to break into the tech industry. 



“As of 2018, just 2 percent of minorities received venture capital funding, 2 percent of minorities are represented in the tech industry workforce, and there’s projected to be over 1 million open tech jobs by 2020,” Impact Ventures Founder and CEO Benjamin Vann says. “Due to the sheer size of North Texas, we believe we play an integral role in closing these opportunity gaps.”

Seeing technology growing in places like Detroit and Atlanta, Impact Ventures believes Dallas has all of the necessary ingredients to be the next tech hotbed for minority professionals and entrepreneurs. Vann cited the city’s robust corporate community, skilled labor force, affordable cost of living, and business-friendly tax benefits.

The new accelerator program will take a unique approach to training and development by combining the traditional one-on-one mentorship models with the power and influence of corporate human capital. The program will feature a guided online curriculum supplemented by national and local guest speakers, workshop facilitators, mentors, and venture fellows from local universities.

Corporations will participate in “rapid-problem-solving hacks” that allow for the development of new or refined current service offerings in an open, interactive, and cultured environment. Startups will be offered a suite of business perks through global partnerships such as Microsoft for Startups, HubSpot for Startups, and Village Capital.

The accelerator also plans to provide discounted services with North Texas partners in marketing and branding, artificial intelligence, insurance, and coworking, along with access to Impact Ventures’ corporate and inclusive capital network.

Impact Ventures moved last year from Exposition Park to coworking space GoodWork, because Vann says he and GoodWork co-founder Amy King united over a similar focus on social impact during an Innovation Task Force meeting at the Dallas Regional Chamber.

A vistor to Impact Ventures’ kickoff celebration uses virtual reality technology. [Photo: Courtesy Impact Ventures]

De’ Lamar Technologies has been accepted into a new equity-free online accelerator that connects to an investment platform. Austin's Newchip lets individuals "invest like a VC" via its online marketplace.

The Women’s Entrepreneurship Accelerator will offer a guided digital curriculum—in six languages, and eventually for 192 countries—that resembles on-the-ground training and mentorship. In the future, funding opportunities will be available to women who complete the curriculum.

Track captains are in charge of creating and organizing the sessions in each track (AR/VR, blockchain, fashion, coding, social impact, and more). Applications are due Oct. 11.

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Every weekday, Dallas Innovates brings you up to date on what you may have missed in the region’s top ...

Dallas-Fort Worth has a national reputation as a leader in the food and beverage sector. And with high-profile entrepreneurs Phil Romano and George Esquivel at the helm, a recent industry ...

We scour the internet every week to find events and activities for you. To fill your calendar with events to ...

So, we’re constantly on the lookout for contests and competitions, award ceremonies, and available grants our innovators can apply for. ...

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