Material Change Institute: Diversifying Capital Investment One Cohort at a Time
The investment industry has one glaring issue – it’s predominantly white and male. Given the role that investments play in driving economic growth, the fact that the industry lacks racial and gender diversity can be detrimental for women and people of color. Most of the time, they simply can’t get in the door.
Material Change Institute is set to change that. Helmed by woman investor and entrepreneur Eve Blossom, this new non-profit provides women and BIPOC professionals the skills and connections they need to succeed as investors.
Material Change Institute offers training for would-be investors.
Material Change Institute equips would-be investors from minority and underrepresented groups with the essential knowledge and tools for getting started in investment. It offers a 12-month executive program called the Material Change Fellowship.
Through the Material Change Fellowship, professionals receive training in leadership and strategic skills for different forms of investing. They also get access to mentors, peers, and partner funds that can help them apply their learnings practically. Hybrid training modes – internships, cohort-based learning, and online modules – are available. As of this writing, Material Change Institute only accepts fellows with at least five years of professional experience.
Eve Blossom aims to change the landscape of investing.
Material Change Institute founder Eve Blossom is set on transforming what the investment industry looks like. As she said in this article, “[D]isruption is needed when a system is not inclusive, does not apply different perspectives that would increase the opportunity and wealth for all of us.”
She has a point. A 2019 study revealed that women- and minority-led investment firms manage only 1.3% of the world’s assets. The worldwide asset management industry is worth US$89 trillion as of 2019. Additionally, a 2022 report found that the venture capital workforce is only 4% Black and 5% Hispanic/Latinx, though 45% is female.
Through its training program, Material Change Institute is opening the doors to investment for more women and people of color to come through. We can look forward to when the industry is not so white or male anymore.
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