University of Chicago and Northwestern University have drawn more funds from a JP Morgan Chase initiative designed to support inner-city entrepreneurship and underrepresented groups.
University of Chicago and Northwestern University have received $1m in funding from investment bank JP Morgan Chase to expand initiatives for entrepreneurs from inner-cities and minority communities.
The capital will be provided through the Ascend 2020 scheme, a national partnership between JP Morgan Chase and University of Washington that fosters inner-city innovation and the participation of underrepresented groups.
Chicago’s leg of Ascend 2020 is operated by University of Chicago’s commercialisation and incubator hub, the Polsky Center for Entrepreneurship and Innovation.
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