With the UK’s Black Tech Fest on this week it’s timely that a new executive education course aimed at those wanting to enter the venture capital industry has been launched to serve previously under-represented groups, especially women, Black, Asian and other minorities.
London Business School and LocalGlobe, one of Europe’s leading seed investors, worked together to created two new programs to provide formal business education for roles across the VC world. The Newton Venture Program courses will cover the full spectrum of investment roles in the venture ecosystem, from VC investors to Limited Partners, angel investors, accelerators, and tech transfer officers. The aim of the programs is to upskill the venture capital sector while broadening the routes through which people can join the industry.
The courses will aim for a gender split of 50/50, with at least 50% coming from Black, Asian or other minorities. backgrounds, and will be available to anyone just starting out or mid-career professionals.
There will be two cohorts a year, of up to 60 students, with the first online program set to start in April 2021. The first on-campus cohort will start in October 2021. Applicants are welcome to apply from anywhere around the world; the majority are expected to be from the UK, the EU, Africa and Israel.
An online-only program will cost £2,050 or £16,000 for the in-person, on-campus program at London Business School, which is aimed at mid-career professionals. Scholarships of up to 100% will be available for both programs.
The initiative is backed by a grant from Research England, a part of UKRI, and the Newton program will be looking for other institutions or VC firms to under-write the course. LocalGlobe and Phoenix Court Works are committed to sponsoring 20 digital scholarships.
The program will give cohorts direct access to experts