A minority entrepreneur will get one year at 1871 and $40,000 of seed capital thanks to a donation by Google to Code2040, a non-profit aimed at helping monitories who want to enter the tech field.
Google donated $775,000 to Code2040 Monday to help launch entrepreneur in residence programs at Chicago's 1871, as well as American Underground in Durham, North Carolina and Capital Factory in Austin, Texas. The program will allow one black or Latino startup founder to work for one year at the tech hub and receive $40,000 (with no equity taken), a trip to the Googleplex in Silicon Valley for training and networking, mentoring by Google for Entrepreneurs and CODE2040, and other resources.
