Best Buy to Invest Up to $10M in Fund for Entrepreneurs of Color

Best Buy committed up to $10 million to Brown Venture Group for investing in entrepreneurs of color, said the venture capital firm Thursday. Best Buy and Brown, both Minneapolis-based, also agreed to work together to create “a stronger community of diverse suppliers,” and launch a “partnership program” at Best Buy Teen Tech Centers to help develop young entrepreneurs “through education, mentoring networking and funding access,” it said. Best Buy is “committed to taking meaningful action to address the challenges faced” by entrepreneurs of color, said CEO Corie Barry.