LinkedIn has introduced a brand new $500,000 grants program for Black entrepreneurs as a part of its broader Black Historical past Month initiatives, that are designed to each acknowledge and encourage profession alternatives for Black communities.

As per LinkedIn:

“LinkedIn is proudly and deliberately investing in multi-hyphenate Black professionals and entrepreneurs by elevating and amplifying Black enterprise tales on our platform and dealing with strategic companions to supply grants that assist extra Black-owned companies get off the bottom and speed up progress.”

In line with LinkedIn’s knowledge, there’s been an increase in Black entrepreneurs taking the leap into new initiatives of late, which, partially, could be attributed to the pandemic, and the rise in distant and versatile work, which has given many potential entrepreneurs extra capability to discover their passions.

Now, LinkedIn’s trying to present extra incentive and motivation for these efforts, with its devoted funding going to each digitalundivided and Blavity.org to assist speed up their annual Black entrepreneurship fellowship packages.

Along with this, LinkedIn’s additionally holding a Black Entrepreneurs Summit on February twenty second, with LinkedIn workers and LinkedIn Studying instructors presenting periods on varied subjects.

• 8 am PT: The Rise of Black Entrepreneurship within the U.S. with Marissa Cazem, Seyi Kukoyi, and Melinda Emerson
• 9 am PT: Unlocking Neighborhood and Sources to Thrive with Chris Arceneaux, Man Kawasaki, and Jay Clouse
• 12pm PT: Allyship in Motion – Unconscious Bias with Trish Lindo and Stacey Gordon

Lastly, LinkedIn’s additionally unlocking a number of LinkedIn Studying programs to assist present extra instructional insights for enterprise house owners – and with 26% of Black enterprise house owners saying that they flip to on-line communities like LinkedIn for recommendation, that might even have a major affect.

The varied initiatives will assist assist Black enterprise house owners in taking the subsequent steps, and will play a key function in aiding them to ascertain their challenge.

You may study extra about LinkedIn’s Black Historical past Month occasions right here.