Intel to invest $125 million in startups run by women, minorities
To encourage diversity in IT, Intel Capital has established a US$125 million investment program targeted at startups run by women and under-represented minorities.The investment program complements a separate $300 million Intel initiative announced in January whose goal is to bring more women and under-represented minorities into its workforce by 2020.Intel already chose four companies, all of which have diverse work forces, for the first round of investments, totaling $16.7 million. Intel Capital has a pipeline of companies it is looking to fund, said Intel’s CEO Brian Krzanich, during a webcast on Tuesday.Intel has talked about plans to change its capital investment program to make it more accessible for women and minorities. Intel wants to be clearer on funding plans and responsive to funding requests from startups run by women and minorities. The company has also established an advisory board of senior Intel employees to help make funding decisions.To read this article in full or to leave a comment, please click here