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2023–2024 DivInc impact report

Another Year Uplifting & Advancing Innovators

a year of resilence
This
past
year
we
deepened
our
impact
by
expanding
accelerators,
launching
initiatives
that
push
genuine
innovation,
and
strengthening
the
ecosystem
fueling
brilliant
founders
to
thrive
across
important
industries.
2023 – 2024 impact report

2023–2024 Impact at a Glance

TECHFORWARD OUTCOMES

With each cohort accelerator, we are seeing more portfolio companies move to Seed Stage or Series A.

Since 2016, DivInc has worked tirelessly to broaden the startup ecosystem to encapsulate the real world around us. Our mission propels us to uncover new terrain, new opportunities, and new energy.  


Read Our 2023–2024 Report
Read Our 2023–2024 Report
A message from our fearless leader & Ceo


As we look ahead, we remain committed to scaling our impact, forging deeper partnerships, and standing firm in the face of opposition.

Together, we are proving that investing in underrepresented founders is not just a matter of equity—it is a strategy for driving economic growth, wealth creation and innovation.Thank you for being on this journey with us. The work continues, and we invite you to stand with us as we build a more inclusive and prosperous future. Thank you for being on this journey with us. The work continues, and we invite you to stand with us as we build a more inclusive and prosperous future.

Preston L. James, II

CEO & Founder, DivInc

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Endless Possibilities
Unlock possibilities

With full control, you’re the master of your domain, tailoring everything to your vision and unleashing the true potential of your endeavors.”

Endless Possibilities
Unlock possibilities

With full control, you’re the master of your domain, tailoring everything to your vision and unleashing the true potential of your endeavors.”

About DivINC
We are on a mission to generate social and economic equity through entrepreneurship.

We envision an authentically diverse and equitable world where social and economic disparities no longer exist.

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programs
Creating programs
for future
innovators
&
founders
Forging the Future
The inaugural Internship Program, launched in partnership between DivInc and Blackstone LaunchPad, was designed to connect emerging student talent from HBCUs and HSIs with innovative startup companies within our portfolio. Over the course of 10 weeks, from June to August 2024, the program placed 30 student interns with 13 startup companies, igniting mutual growth and development for both the interns and founders.
Celebrating Wins
Transitioning from the pandemic, DivInc evolved from a place-based entrepreneur support organization to hybrid national organization, focusing on industry vertical accelerators. Our strategic decision to grow our programming from our hometown of Austin to Texas’ largest metropolis proved to be a smart one. Since 2022, cohorts 10 to 14 benefited from hybrid programming between Houston and their home cities.
Listening, Learning, Building Together
The 2024 Sports Tech Accelerator was a tremendous success, bringing together an innovative cohort of ten startups pushing the boundaries of sports technology. We were especially proud to support four women-led portfolio companies, highlighting our commitment to fostering diversity and inclusion in the industry.
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community engagement

Community is the Backbone of DivInc.

Founders want capital and practical business knowledge to grow, to be sure. But any successful founder will tell you their mentors, advisors, peers, and network were the most integral influences on their ability to weather the storms of entrepreneurship.

Going global to local

Black Future at SXSW

Read about it
community recognition

Champions of Change 2024

See last year's winners
driving economic mobility

NBA Foundation During AfroTech

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Finance
Continuing to Maximize Impact Across the Nation

This year has been another year of mounting pressure for nonprofits increased demand for services while operating under resource constrains. According to the Nonprofit Trend Report, fundraising surpassed staffing challenges for the first time in four years. Moreover, nearly half of all nonprofits report increased demand for their services, but only a third say their capacity and resources have increased to match those demands.


In 2024, Divinc, similar to most nonprofits and in accordance with the nonprofit’s trends report, were impacted by a decrease in overall financial support.

This year, DivInc saw a 38% drop in total donations and program funding, due to a 93% decline in corporate giving and the completion of multiyear federal grants. To address this, we streamlined operations and shifted our business development strategy, resulting in a 79% increase in individual donor support and new contributions from private and corporate foundations. However overall donations remained below our yearly average and far below our growing demand for services.

Loss of Funding
↓38%
Overall Support
↓93%
Corporate Funding
↓100%
in Federal Funding
↑79%
Individual Donations
↑25%
Corporate Foundation Grant
↑100%
Private Foundation
Shifting Our Focus and Prioritizing our Ecosystem
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Read Our Report
progress beyond the pitch
Commitment to our Mission

Despite ongoing resource challenges and reduced operational funding, Divinc remains committed to maximizing impact within available resources. Thanks to the kindness and generosity of our entire ecosystem, DivInc has been able to continue leading the way in empowering diverse founders and driving the innovation economy. We are proud to receive support through individual donations, contributions from corporate foundations and sponsors, as well as private and federal grants.This year has been another year of mounting pressure for nonprofits increased demand for services while operating under resource constrains. According to the Nonprofit Trend Report, fundraising surpassed staffing challenges for the first time in four years. Moreover, nearly half of all nonprofits report increased demand for their services, but only a third say their capacity and resources have increased to match those demands.

A
closing
to
our
community
note
dear DivInc family
As you have read through this report we hope you have seen not only the milestones we have achieved together but also the deeper story.
Dear DivInc Family,

As you have read through this report we hope you have seen not only the milestones we have achieved together but also the deeper story. It is the story of a resilient and determined community rewriting the future of entrepreneurship. The founders, students, partners, and allies highlighted in these pages are living proof of what is possible when equity and innovation go hand in hand.

Our work is not easy. The challenges we face are real and persistent. Yet as this past year has shown, when we come together with courage, creativity, and conviction we can dismantle barriers, lift new voices, and create legacies that last far beyond any one program or initiative.

At DivInc we know that inclusion is not a trend. It is a necessity for our economy, for our communities, and for the generations that follow. We also know that the path forward requires all of us. Every investment of time, talent, and resources fuels lift off for underrepresented innovators and strengthens the foundation of a more just and prosperous society.

We want to take a moment to extend our gratitude to our sponsors and partners whose support makes this work possible. Your investment and belief in our mission directly impact the founders and communities we serve. One of the most exciting developments has been our partnership with the NBA Foundation, which will help us expand our internship program and open even more doors for the next generation of diverse innovators.

As we look ahead, our commitment remains unwavering. We are excited to continue supporting founders and students through enhanced programming, stronger partnerships, and deeper community connections.

Together we will keep expanding opportunities, strengthening the ecosystem, and fueling a future where every innovator has the chance to thrive.Together we rise. Together we build. Together we will change the face of innovation.

With gratitude and resolve,

Preston L. James, II

CEO & Founder, DivInc
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Progress Beyond the Pitch