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…

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