CTA Announces $10 Million Fund Commitment to Women, Diverse Founders

Posted On January 9th, 2019 - 2:46 pm | by Oil and gas press

The Consumer Technology Association (CTA) announced at CES® – the world’s largest and most influential tech event – that CTA will invest $10 million in venture firms and funds focused on women, people of color and other underrepresented startups and entrepreneurs.

“To continue to evolve and grow, the tech industry needs more equal access to venture funding,” said Gary Shapiro, president and CEO, CTA. “Various research reports indicate diverse teams make better decisions and achieve greater profits. At CTA, this is one more tool we are deploying to help promote diversity in the technology industry.”

“The U.S. needs to invest in a diverse talent pool to capture great ideas and innovation and help birth more ‘unicorn’ companies,” said Tiffany Moore, senior vice president, political and industry affairs, CTA. “CTA is committed to this investment and will work with established funds and fund managers who focus on women, people of color and other underrepresented groups.”

Source / More : CES

CES® 2019 opens today, unveiling the latest transformative technologies that will redefine industries, improve lives and solve some of today’s most pressing global challenges. The world’s largest and most influential tech event features some 4,500 exhibiting companies, including a record 1,200+ startups, with more than 20,000 products launching this week from the show floor. Owned and produced by the Consumer Technology Association (CTA), CES 2019 runs through Friday, January 11 in Las Vegas, Nevada. 

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