"Only 1% of venture-backed startup founders are black; only 8% are female."
In June 2015, Intel Capital announced the venture industry’s largest-ever commitment to invest in technology companies led by women and underrepresented minorities (African Americans, Hispanics, and Native Americans).
Initially envisioned as a five-year, $125 million fund, the Intel Capital Diversity Initiative was expanded in October 2016 to also invest in startups led by entrepreneurs living with disabilities, U.S.-based entrepreneurs from the LGBTQ community, and U.S. military veterans.
In May 2018, Intel Capital announced that the Diversity initiative had exceeded its initial $125 million investment target more than two years ahead of schedule. Through July 2019, we have invested $357M in companies led by diverse teams; such companies make up 14 percent of our active portfolio.
“86% of all venture-funded businesses have no women in management positions.”
All Intel Capital investments cover a broad spectrum of innovative industries, including artificial intelligence, autonomous mobility, data center and cloud, 5G communications and next-generation compute. To learn more about our investment sectors, visit Intel Capital Portfolio.
- Global companies: Women and entrepreneurs with disabilities
- U.S. companies: Underrepresented minorities (African Americans, Hispanics, and Native Americans), members of the LGBTQ community and/or U.S. military veterans
We are open to investments from all regions.
Every Intel Capital investor around the world is expected to bring forward diverse candidates for potential investment.
All of Intel Capital’s potential investments are be judged both by anticipated financial return and by strategic fit with Intel’s global technology ecosystem. Potential Diversity Initiative investments are screened by the same Intel Capital committee as other investments; our goal is to widen the funnel, not lower the bar.
We are a stage-agnostic investor, working with companies of virtually every size.
Funded companies gain access to Intel Capital’s industry leading business development programs, global network, technology expertise, and brand capital.
Without employees of diverse backgrounds and problem-solving skills, companies are ill- equipped to address the needs of the market. Diverse teams and companies create more opportunities for innovation, creativity, and strategic thinking. Unconscious bias – when people seek out people and ideas that are similar to their own – hinders decision-making and leadership.
Startups that have more women in senior positions are more successful than those that do not, according to several studies. And private firms led by women achieve a 35 percent greater return on investment. Meanwhile, the United States is expected to reach minority- majority status by 2043; that means the economy of tomorrow is likely to be driven by women and underrepresented minorities.
“The greater the number of diverse investors and entrepreneurs at the table, the greater capacity we have as a nation to innovate and bring the best ideas to bear.”