Dec 17, 2017
Can EdTech overcome the disparity in funding between white and minority businesses? It’s more than just a matter of money, argues one social entrepreneur: communities know themselves best.
EdTech and tutoring have a well-known wealth bias that presents a problem to tutors wanting to work with lower-income students. The problem, says social entrepreneur Aaron Walker, is compounded by a racial bias in funding that holds back black and Latinx businesses from innovating solutions for their own communities.
Less than 3% of venture capital funding goes to black and Latinx startups, despite those entrepreneurs being the best placed to identify and address what their communities need, like building spaces in laundromats and barbershops.
For Walker, one starting point is to address the lack of hard data on the successes and failures of black and Latinx startups. The rest is a question of what we can all do to make EdTech and education -- from funding to providing services -- more inclusive.
There is No Equity in Education Without Equitable Funding for Entrepreneurs https://www.edsurge.com/news/2017-12-17-there-is-no-equity-in-education-without-equitable-funding-for-entrepreneurs