The first cohort of the firm’s “Innovation Lab,” a tech-talent accelerator program and brain-child of Carla Harris, a Vice Chairwoman of Morgan Stanley and Head of its Multicultural Client Strategy Group is in place.
“Only a small fraction of all venture capital money is given to multicultural and women entrepreneurs,” explains Harris. “Meanwhile, Morgan Stanley is a leader at the intersection of what these companies need: capital, connections, and investment banking content.