Equity in Innovation—Why Diversity is Essential for Growth

The 2021 ASU+GSV Summit, which brings together stakeholders and leaders in education, is just weeks away. The Age of Digital Learning is previewing what to expect. Host Kevin Hogan had a great discussion with Tulaine Montgomery, Co-CEO of New Profit. New Profit is a venture philanthropy organization created by and for social entrepreneurs.

At this year’s event, Montgomery will receive the Innovator of Color award. Regarding the honor, Montgomery said, “It was a surprise to me. I’m joining a cohort I’ve long admired. It’s confirmation that we’re on to something.”

Next, Montgomery spoke about the work of New Profit. “We provide unrestricted funding and capacity support to social impact leaders. We were early investors and supporters of organizations like Teach for America and Girl Trek.”

In talking about the change in their approach during COVID, Montgomery shared, “We’ve accelerated the pace at which we made resources available to organizations and leaders. Partnering with groups like the Family Independent Initiative let us know the needs because of the relationships at the community level.”

“Proximity and relationships at the community level are critical to supporting and serving those that will benefit from the philanthropy.” – Tulaine Montgomery

New Profit was uniquely positioned to support communities, and Montgomery believes that’s because of proximity. “While there were well-intended funding initiatives from the government, many missed the market because of the lack of relationships at the community level.”

The pandemic has also created a shift in the relationship between social leaders and investors. “There was a broken loop in the space because the community, student, or entity that would benefit from the funding didn’t have any input. That’s changing some, and philanthropists are more accountable now to this.”

Watch Previous Episodes of The Age of Digital Learning!

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!


What is Pushing Modular Buildings Practices Through the Roof?
September 17, 2021
 Modular construction has grown tremendously in the past few years, leading many to believe it's a new innovation in the building industry. In reality, it has been around for quite awhile, but has Read more
The Experience Evolution: Prep the Halls—2021 Holiday Shopping Trends and Tips
September 17, 2021
   Did the pandemic rewrite the rules for the holiday shopping season? Is there even a rulebook anymore? As consumers look to engage with their favorite brands across all channels this upcoming Read more
The Next Generation of Energy: Examining Home Power Issues and Channeling Solutions
September 17, 2021
  Jim Sanfemio from Wicked Smart Homes in Sarasota, Florida, joined Rosewater Energy Group’s Joe Piccirilli and Next Generation of Energy host, Tyler Kern, to get down into the nitty-gritty of the issues that Read more