Minority Focused Accelerator, NewMe, Relocates To Miami
When Angela Benton started the NewMe accelerator in 2011 she did what she thought would be the best thing for entrepreneurs and opened up shop in Silicon Valley. Over the ensuing six years she found through experience that, that wasn’t necessarily the case.
There’s been a lot of talk lately about resources to promote diversity in the startup and entrepreneurship world. NewMe has been a valuable asset, since it’s inception, bringing minority startups and founders to Silicon Valley.
Now Benton has moved NewMe’s headquarters to Miami where she can be closer to the action. Miami is one of the most diverse cities in the country, and a natural fit for NewMe. “Relocating NewME to Miami was a natural choice,” Benton told the South Florida Business Journal. “I’m excited to continue my work with NewME in our new, inclusive home.”
Benton’s inclusive accelerator provides programming to minority led startups, through mentorship, events, curriculum and development. Since it’s founding in 2011, NewMe has helped companies raise over $25 million dollars.
NewMe plans to engage local and global entrepreneurs through weekly programming and monthly events. Benton has tested this approach and it’s been successful. NewMe has done “pop up” accelerators since 2012. Miami was one of the first locations that held a NewMe pop up accelerator that year.
With the change came new funding in the form of a $191,000 grant from the John S and James L Knight Foundation. In February the foundation donated $1.2 million dollars to support expansion of the annual Black Tech Week program.
There are 16 spots in each weekly entrepreneurship bootcamp program. The Knight Foundation grant earmarks 4 of those weekly spots specifically to minority entrepreneurs from the local Miami area.
“Miami has seen tremendous progress in building a connected community of entrepreneurs over the last four years. Our future success hinges on ensuring that all our residents are part of this growth,” said Matt Haggman, Miami program director for Knight Foundation. “NewME will provide important opportunities for black entrepreneurs to grow and thrive in Miami. NewMe’s move to Miami highlights our city’s strength as a place for inclusive growth, entrepreneurship and innovation.”
The new NewMe location is in the Wynwood Arts District at 38 NW 24th Street in Miami. You can find them online here.