Equitable Entrepreneurship: Kaplan Institute Focused on Developing Inclusive Ecosystem

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At the heart of Illinois Institute of Technology鈥檚 Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship lies one focal point: providing equity in entrepreneurship. 

The impact of the COVID-19 pandemic has been especially brutal on students, communities of color, and for immigrant populations, issues that have been highlighted by the and the . The disparities that they face in their day-to-day lives is even more evident. There is a real urgency to ensure that these communities are able to rebuild their lives in a way that truly empowers them. 

The Kaplan Institute believes that entrepreneurship is a medium that allows founders to build resiliency and wealth for their families and communities. The power and privilege that entrepreneurship offers should be accessible and available for anyone who has the talent, grit, and determination to build their own business. 

A movement to support underrepresented founders has been building momentum not just in 电车无码 with initiatives like P33鈥檚 multi-stakeholder TechRise, but also nationally to have a shared vision of what our future could look like. 

The Kaplan Institute recognizes this need to empower entrepreneurs who represent the needs and interests of all our communities and is building programs and networks to support Illinois Institute of Technology students, alumni, and faculty who are poised to help build this future. Be it through the Interprofessional Projects (IPRO) Program or its more recent pilots like the startup immersion program鈥攚here Illinois Tech students are given opportunities to work with startups and funds鈥攁nd a seed fund that it is planning to launch in the coming months, the Kaplan Institute recognizes how important it is to integrate equity in entrepreneurship as a core component of all of its programming.

It involves thinking about 鈥渉ow do we build alliances and leverage best practices of all the colleges and institutes at Illinois Tech,鈥 says Niharika Hanglem, the program director at Kaplan Institute. 鈥淭o advance equity in a way that it鈥檚 an intrinsic part of everything we do.鈥

Hanglem, who joined Kaplan Institute after working for Gender Equality in Tech (GET) Cities, is well versed in the importance of advancing equity. Her role with GET Cities, which is focused on making the tech industry more inclusive, was to research and develop partnership initiatives in 电车无码, an endeavor that allowed her to connect with more than 100 companies and more than 150 individuals in the city鈥檚 tech and entrepreneurship ecosystem. 

That research showed that while 电车无码 is diverse鈥攊ts population is nearly evenly divided among those who identify as Black, Latinx, and white鈥攖he startup and tech ecosystem is not. According to Desiree Vargas Wrigley, TechRise aims to level the tech startup ecosystem for Black and Latinx founders. Just 1.9 percent of the city鈥檚 venture funding goes to Black and Latinx founders. But that is just one part of the problem. 

鈥淭he other part of the problem is there鈥檚 limited access to networks and knowledge,鈥 says Vargas Wrigley, the executive director of TechRise. 鈥淭hat [startup] network just doesn鈥檛 exist in some of our neighborhoods.鈥

Hanglem says that the Kaplan Institute has found similar issues among students at Illinois Tech, who may find it particularly challenging to connect to the idea of being an entrepreneur. 

鈥淥ne of the big insights was that when students think of who is an entrepreneur, they are not seeing role models; they are not seeing people that look like them,鈥 Hanglem says. 

The Kaplan Institute is already trying to improve this. Thanks to a grant from , the Kaplan Institute has created a three-pronged plan to engage first-generation and minority students by identifying and providing programming that helps them better understand entrepreneurship. The plan also looks to connect them to mentors, advisers, and internship opportunities so that students obtain first-hand experience by working with startups, industry partners, and community partners. 

As part of this process, the Kaplan Institute has revamped the IPRO Program with the introduction of IPRO Labs, a program that features five labs that are each centered on a specific issue that teams of students, community partners, and industry partners collaborate on to address a particular real-world challenge.  

Through these programs, Illinois Tech students are able to find footing within the entrepreneurial ecosystem by gaining access to the social networks and capital they need to succeed as entrepreneurs. 

鈥淎ny new program that we have, we have to be very intentional about making sure that balance is struck,鈥 Coleman Foundation Clinical Associate Professor of Entrepreneurship Nik Rokop says of ensuring every student has the same opportunity. 鈥淭he only way you do that is by doing it intentionally.鈥 

Rokop, a long-time entrepreneur who has spent nearly 15 years teaching and providing guidance for the next generation of entrepreneurs at Illinois Tech, strongly advises his students to utilize the Kaplan Institute鈥檚 resources.

One of Rokop鈥檚 student teams, Beyond the Sole, composed of a majority of black founders, participated in the Kaplan Institute鈥檚 startup accelerator. They aim to develop a sensor that can be inserted into the soles of shoes to collect biomechanical data to give to therapy facilities to help treat lower-leg and ankle injuries. The idea for the business came to Ahmad Muhammad (BA 3rd Year), Miles Curry (BA 4th Year), Ricardo Whitehead (BA 鈥20), Wyatt Ronek (BA 3rd Year), and Antonio Jackson (BA 4th Year) through their shared experience as student-athletes on Illinois Tech鈥檚 basketball and baseball teams. As athletes they have first-hand knowledge of the problem they are looking to address: a better way to quickly and accurately diagnose and treat these injuries. 

Yet, even with Rokop鈥檚 support, self-motivation, and a good idea in hand, the team has faced challenges that come with launching a product in the tech sector.

鈥淲e didn鈥檛 have a sense of direction,鈥 Muhammad says. 鈥淲e didn鈥檛 have those networks in the physical therapy sectors. We did conduct a few interviews with [Illinois Tech鈥檚] head athletic trainer, Chapin [Wehde], but we really didn鈥檛 have an extension of that.鈥

While they are still an early stage startup, Beyond the Sole is focused on developing a prototype utilizing what they learned at Illinois Tech, as well as by utilizing the Kaplan Institute鈥檚 resources. Executive Director Maryam Saleh has worked to connect the team with industry mentors and Akshar Patel, the managing director of the Kaplan Institute, has met with the team regularly to provide guidance.

鈥淚t鈥檚 been dope,鈥 Whitehead says of the Kaplan Institute鈥檚 guidance. 鈥淭he folks [at Kaplan] seem really excited about what we have planned; they鈥檙e honest with us when they tell us something that we鈥檙e either missing in our business plan or something that we need to add or take off.鈥

Still early in its development under the leadership of Saleh and her team, the Kaplan Institute is eager to utilize all of its resources and network鈥攑articularly alumni in the startup or entrepreneurial community who want to play a part in advancing equity. 

Mel Flowers (LAW 鈥03), a member of the Kaplan Institute and 电车无码-Kent College of Law Board of Advisors, is a prime example of this collaboration. The Midwest market unit CE legal lead for Accenture, Flowers is also the 电车无码 lead for the company鈥檚 Black Founder鈥檚 Entrepreneur Development Program, and the Kaplan Institute is partnering with his team for its seed fund, among other programs.

鈥淎t the Kaplan Institute, we understand that a new narrative of entrepreneurship and building wealth for our communities is essential as we rebuild our economy and uplift society,鈥 Hanglem says. 鈥淲e are committed to building programs that advance equity in entrepreneurship and set up our students, faculty, and all stakeholders for success. As part of this work, we are seeking partners and supporters for this work here in 电车无码, and also globally. If you want to drive transformative change in the startup ecosystem to deliver outsized economic and social impact by supporting underrepresented founders, get in touch.鈥

To join the Kaplan Institute in extending equitable and inclusive opportunities in entrepreneurship to Illinois Tech students, please contact Niharika Hanglem at nhanglem@kaplan.iit.edu.