Last year, Crunchbase found that Black founders raised less than 1% of all venture capital funds and that the group has raised 0.3% in the first half of this year.

The NAACP, the country’s biggest civil rights organization, is entering the investment world with a new impact fund that will focus on overlooked communities.

This initiative benefits not only Black entrepreneurs but also the entire U.S. economy. Supporting diverse businesses bolsters the market, fuels innovation, and generates jobs.