Intel Capital doubles down on its Diversity Fund investment

Intel has been an industry leader when it comes to diversity initiatives – both internally and through its investment arm. Last year, Intel Capital announced a $125 million Diversity Fund aimed at boosting women- and minority-led startups. This year, the chipmaker is doubling down on its investment with another $125 million over the next five years, while also broadening the fund’s scope to include LGBTQ founders, veterans and entrepreneurs living with disabilities.

According to Intel, the fund led by Trina Van Pelt and Christine Herron is “the largest of its kind by a significant margin” and it provides access to the company’s business development programs and extensive technology expertise in addition to the capital itself. Staying true to the company’s goal of promoting diversity both inside and out, Intel Capital has also directed all of its investors to not only seek out startups with diverse teams, but also to encourage more inclusive hiring practices in their existing portfolio companies. Intel also notes that more than 60 percent of the new startups in it’s Education Accelerator program are led by women and minorities.

Source: Intel Newsroom