Apple on Wednesday announced the latest set of major donations to its $ 100 million initiative to help remove systemic barriers and promote racial equality for people of color.
The company split the first round into three projects, including a $ 25 million donation to the Propel Center, a learning center for historically black colleges and universities. It will also launch the Apple Developer Academy to support students’ coding in Detroit, and fund capital for the Black and Brown founders.
CEO Tim Cook announced a racial equality and justice initiative in June following the murders of George Floyd and Bryo Taylor. Lisa Jackson, the company’s vice president of environmental, policy and social initiatives, leads the program.
Several large tech companies announced huge donations over the summer to support racial equality, but Apple was the largest and is one of the few to set up an initiative.
In addition to its work with the Propel Center, Apple said it would also establish two grants to support HBCU engineering programs. The company also said it would award scholarships to 100 new Apple scholars from underrepresented communities.
The company hopes to open its Detroit Apple Developer Academy later this year. In collaboration with Michigan State University, Apple said its academy will offer two programs: a 30-day introductory program and a more intensive 10 to 12-month program. The company said it expects about 1,000 students every year.
As part of its efforts, Apple will invest $ 10 million with New York City VC firm Harlem Capital to help it invest in 1,000 companies with diverse founders over the next 20 years.
“The firm will provide guidance and advice to students at the Detroit Developer Academy and participate in Apple’s Entrepreneur Camp for Black Founders and Developers. The company will also support Apple, Harlem Capital’s internship program, focusing on opening doors for women and minority investors.
Apple said it would invest $ 25 million in Sibert Williams Shank’s Clear Vision Impact Fund, which provides capital to small and medium-sized businesses with an emphasis on minority-owned companies.