A New Hampshire startup is connecting tech companies with qualified candidates of color in an effort to close America’s racial wealth gap.
The Manchester-based online employment service Shtudy utilizes an assessment program to identify what skills an applicant has and matches them with a company searching for that skillset, The Boston Globe reported.
Shtudy was founded by University of New Hampshire graduates Geo Miller and Rayvoughn Millingsput. The pair raised $150,000 in funding from family and friends, including a $40,000 fellowship from Camelback Ventures — a New Orleans-based nonprofit that supports minority entrepreneurs.
A 2018 Pew Research Center survey found that Black and Latino workers made up 9% and 7%, respectively, of STEM workers. African Americans make up 13% of the U.S. population, and Latinos make up 18%.
Scott Garell, an executive coach for Camelback Ventures and an adviser to Shtudy, said that the company provides a pipeline for small to mid-sized tech companies that want to expand recruiting but do not have the resources. Garell is the former president of Ask.com and chief executive of the online retailer Goodshop.com, companies he said fell short in minority recruitment.
“We weren’t seeing a lot of the resumes,” Garell said. “We just hadn’t established the kind of high-powered robust pipeline I would have wanted to see.”