AWS launches a new $30M accelerator program aimed at minority founders

Amazon Web Services (AWS) today announced the introduction of AWS Impact Accelerator, a new initiative that will award up to $30 million to early-stage firms run by Black, Latino, LGBTQIA+, and female founders. The three-year effort, according to Amazon, would assist participants in establishing profitable businesses while “accelerating” growth in their respective areas. However, some opponents argue that the AWS Impact Accelerator does not go far enough in assisting historically excluded entrepreneurs.

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