Morgan Stanley Accelerator For Underrepresented Startup Founders Goes Virtual [Forbes]
Morgan Stanley (MS)
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Source: Forbes
Carla Harris of Morgan Stanley speaks onstage.Getty Images for Texas Conference for Women 2019In an effort to comply with social distancing guidelines, corporate initiatives that traditionally take place in-person have migrated to the digital space, including startup accelerators.Morgan Stanley announced recently that its annual innovation lab will operate in a virtual format, using online video platforms to facilitate the lab’s curriculum. The program will also provide content on making management and operational decisions amid COVID-19.Now in its fourth year, the lab targets tech startups with a multicultural or woman founder, and aims to accelerate the growth of these companies and address the gender and racial funding gap. Less than 4% of venture capital dollars go to companies founded by women and less than 2% go to people of color.Today In:“That is a huge market inefficiency and whenever there's a market inefficiency, there's a commercial opportunity,” says Carla Harris,vice cha
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