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Venture capital’s longtime leading lobbyist group has launched a new non-profit to support diversity and education efforts free of its policy ties.

The National Venture Capital Association announced on Tuesday that it had launched Venture Forward, a 501(c)(3) non-profit organization with close links to the NVCA but a separate board of directors. Venture Forward has raised $5.5 million from more than 60 donors so far led by Silicon Valley Bank, says executive director Maryam Haque.

Image: Maryam Haque, executive director of Venture Forward, hopes to provide resources to the VC industry as it works to improve its diversity, equity and inclusion and education of new investors and fund managers. - VENTURE FORWARD