Today, Pivotal Ventures, an investment and incubation company created by Melinda Gates and McKinsey & Company released new research on closing the gender gap in tech. The report analyzes philanthropic contributions from 32 leading tech companies. It reveals that only 5% of company’s philanthropy goes toward gender diversity in tech and even less (0.1%) goes toward women of color.
The low investment has gotten the tech industry’s attention, and we’re responding by joining forces in a new initiative launched by Pivotal Ventures called the Reboot Representation Tech Coalition. The collaboration seeks to align philanthropic donations and to increase funding with the ultimate goal of doubling the number of underrepresented women of color graduating with computing degrees by 2025.