Celebrating Juneteenth: Significance for Black Innovation and Entrepreneurship

Innovation & economic empowerment 

Juneteenth reminds us of the resilience and ingenuity of Black entrepreneurs and innovators in Chicago and worldwide. This day celebrates the achievements and contributions of Black leaders, activists, and entrepreneurs to the city’s economy, society, and culture. 

At 1871, we recognize the importance of celebrating these individuals and their accomplishments and resiliency throughout history. Black-owned businesses not only create jobs and generate wealth but play a vital role in driving economic growth, fostering innovation, and serving as pillars of strength and pride within the community.  

Building a more inclusive future 

As we celebrate Juneteenth, it’s essential to recognize the ongoing challenges Black entrepreneurs and innovators face worldwide. Structural barriers, lack of access to funding and capital, and systematic racism continue to hinder Black founder’s progress. In fact, according to Crunchbase, only 0.48% of all VC funding in 2023 went to Black founders. 

At 1871, entrepreneurship is for everyone—tech talent is everywhere, but access to resources and funding is not. Our mission is to continue reflecting Chicago’s diverse talent pool by equipping and supporting underrepresented founders with the resources and help they need to build and scale extraordinary businesses. 

Today, our vibrant community is made up of 50% non-white founders and 30% women founders, embodying Chicago’s dynamic spirit and diversity. 

Celebrate with us

For the third year in a row, we’re commemorating Juneteenth and honoring Black entrepreneurship and innovation within our tech community and across Chicagoland with our Juneteenth celebration on 6.20.24. We invite you to join and be part of this critical moment of reflection, remembrance, and celebration. 

This event will bring together community members, industry leaders, and allies to celebrate the achievements and triumphs of Black innovators within our tech hub. Together, we can honor Juneteenth’s legacy and continue to work towards a more inclusive and equitable future for all.

From inspiring startup pitches from Black founders in our 2024 BLKtech Pitch Competition to raffle prizes from Black-owned businesses, this event will bring together our community for opportunities to connect, learn, and celebrate. Read about our 2023 celebration. 

This event welcomes all to join and is free to attend. RSVP today to celebrate with the 1871 community! 

Get involved 

Our support for Black entrepreneurs and innovators doesn’t stop after Juneteenth! Participate in 1871’s annual programming, community resource groups, and events to celebrate and support 1871’s BLKtech community. 

BLKtech Voices – 1871’s community resource group 

BLKtech Founders – 1871’s affinity programming dedicated to early-stage Black founders 

Tech Leaders – 1871’s affinity programming dedicated to Black & Latin leaders in technical-facing roles. Apps close on 6.24! 

BLKtech Pitch Competition – 1871’s annual pitching competition for Black founders 

Support our mission – 86% of every donated dollar goes towards our member programming, resources, and need-based scholarships