Intel has made the news again with their focus on helping women in technology expand their entrepreneurial and leadership opportunities.
Intel Capital, the investment arm of the technology corporation, announced Tuesday that it will invest $125 million in startups run by women and underrepresented minorities in an effort to continue laying the groundwork for a more diverse workforce in the technology industry.
The announcement comes at a time when big and small technology companies are under greater scrutiny to prove they can innovate on their hiring practices as much as on their products. Diversity reports released in recent months by Microsoft, Facebook, Apple and others show an overwhelmingly white, male-dominated workforce and leadership. A high-profile court case between Reddit’s interim CEO Ellen Pao and the renowned venture capital firm Kleiner Perkins only added to chatter about gender bias in the valley.
“Our goal with this new fund is to meaningfully support a technology startup workforce more reflective of society, and ultimately to benefit Intel and the broader economy through its success,” Brian Krzanich, Intel’s CEO, said in a statement Tuesday. The investment follows Intel’s commitment in January to put $300 million toward workplace diversity efforts.
Intel gets it. We can’t just talk about it. We can’t just complain. We have to take action and in many cases, that means dedicating significant funds toward making a difference in the diversity of the technology industry.
The facts are there. When we place women in leadership roles, particularly in the technology world, things happen – good things. PROFITABLE things.
So congratulations to Intel for starting the ball roll. Hello Google, Facebook, LinkedIn, and the rest… It is your turn!
JJ DiGeronimo — the president of Tech Savvy Women — is a speaker, author, and thought leader for women in tech and girls and STEM. Through her work, JJ empowers professional women and consults with senior executives on strategies to retain and attract women in technology to increase thought and leadership diversity within organizations.
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