Today’s Cambridge is defined by a powerful and growing innovation economy. It is home to more than 300 high-tech, bio-tech and clean-tech businesses, over 700 start-ups, several research and development institutes, and multiple venture capital firms.
Cambridge’s growth generates jobs and entrepreneurial opportunity, driving the demand for talent. Focus and intervention are needed to ensure a prepared workforce; along with systemic coordination and public accountability. This workforce is the fuel for this growing, dynamic cycle that will benefit the city and its residents, especially the children of Cambridge.
Our emerging work on equity and opportunity is developing partnerships with these innovation economy businesses and institutions.
One Foundation effort, the Talent-Ed Initiative, is focused on ensuring opportunities for Cambridge residents to participate in the innovation economy. Finding such pathways was the subject of a forum in Spring 2016 that drew interested participants from schools, industry, nonprofits the funder community and the city as well.
Another effort is an emerging partnership with the Boston Foundation engaging startups to give back to the community through Pledge 1%. Pledge 1% is a growing global effort of startups that have committed 1% of their company (either through individual pledges or corporate pledges) to support their communities.