New York City, through the NYC Economic Development Corporation and Supermomos, has initiated its first city-backed venture capital internship program. Designed to assist college students, especially from the City University of New York (CUNY), this program focuses on reducing barriers to entry in venture capital. By offering paid opportunities and fostering diversity, the program aims to reshape an industry that has traditionally been dominated by individuals from elite institutions. The launch event featured notable attendance from 50 VC investors and partners, showcasing the collaborative effort to create a more inclusive investment landscape.
This is more than an internship-it's a systemic unlock for access and equity in venture capital.
The NYC VC Internship Program confronts this exclusivity by offering paid opportunities to students who might otherwise lack the networks or resources to break into the industry.
By expanding access to students from public colleges and underrepresented backgrounds, the program helps ensure that the future of venture capital reflects the full spectrum of lived experiences in New York City.
The initiative aims to dismantle barriers to entry into venture capital and create new pathways for underrepresented, local talent.
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