Breaking Barriers in Venture Capital: LBS and LocalGlobe’s Diversity Initiative
As the UK celebrates Black Tech Fest, London Business School (LBS) and LocalGlobe—one of Europe’s premier seed investors—have unveiled an ambitious executive education program designed to democratize access to venture capital careers. The Newton Venture Program specifically targets underrepresented groups, including women, Black, Asian, and minority ethnic professionals seeking to enter the VC ecosystem.
Program Overview: Building an Inclusive Investment Future
The initiative features two distinct tracks:
- Online program (£2,050): Accessible globally with digital scholarships available
- On-campus immersion (£16,000): Intensive training at LBS for mid-career professionals
Both programs will maintain:
- 50⁄50 gender parity
- Minimum 50% representation from Black, Asian, or minority ethnic backgrounds
- Two annual cohorts of 60 students each (first online cohort April 2021, on-campus October 2021)
Curriculum Designed for Real-World Impact
Participants will gain:
- Direct mentorship from top-tier VC firms (a16z, Benchmark, USV)
- Academic instruction from LBS faculty including Luisa Alemany and Gary Dushnitsky
- Practical training in:
- Deal sourcing and execution
- Venture finance and legal frameworks
- Portfolio company management
- Fund operations
Addressing Industry Disparities
Recent data highlights the urgent need for such initiatives:
- European Tech: Only 0.9% of founders identify as Black (Atomico 2020)
- UK VC Landscape:
- 30% female representation in VC roles (Diversity.VC 2019)
- % of venture funding goes to all-female founding teams (British Business Bank 2019)
Leadership Perspectives
Lisa Shu, Executive Director of the Newton Venture Program, emphasizes:
“To discover transformative tech businesses, we need investment teams that reflect society’s diversity. This program creates pathways for underrepresented talent to shape the future of venture capital.”
Caroline Dinenage MP, UK Minister for Digital and Culture, adds:
“Diverse investors don’t just create fairness—they drive better business outcomes. This initiative will unlock opportunities for founders across all communities.”
Funding and Expansion
The program receives support from:
- Research England (UKRI)
- LocalGlobe and Phoenix Court Works (20 digital scholarships)
- Plans for additional institutional partnerships
Who Should Apply?
The program welcomes:
- Career starters seeking VC fundamentals
- Mid-career professionals (5-15 years experience) transitioning into investing
- Global applicants, with strong representation expected from UK, EU, Africa, and Israel
Successful candidates will join an influential alumni network and gain access to exclusive industry events, continuing the program’s mission to reshape venture capital’s future.
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