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Western EuropeOctober 5 2022

Incubator focuses on minority-owned start-ups

A new group of start-ups, fintechs included, have been selected for the Libra 2.0 programme, but rumours that the next UK government grant could go to a high street bank are troubling its participants. Bill Lumley reports.
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Incubator focuses on minority-owned start-upsImage: Getty Images

Tech Nation has selected its next cohort of fintech start-ups to participate in the Libra 2.0 programme, an inclusive incubator project. The programme is the latest in a series of successful initiatives focused on minority start-up founders

In 2021, Mastercard launched its Start Path programme, dedicated to supporting minority-owned start-ups and to furthering efforts to close the racial wealth and opportunity gap. Last year also saw the launch of Google’s Black Founders Fund, following data published in 2020 that revealed less than 0.25% of venture capital funding went to black star-tup founders.

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