Apple has doubled its original $100 million commitment to the Racial Equity and Justice Initiative since its inception in 2020.
Having already raised $200 million, the company announced today an additional $25 million in venture capital funding and is also continuing the program’s phased international rollout.
Apple launched REJI in 2020 and pledged to donate $100 million to continue “the unfinished business of justice and racial equality.” The fund focuses on education, economic equality and criminal justice reform to improve the lives of people of color, with a particular focus on black communities.
In addition to this aspect, Apple has introduced a new one Entrepreneur camp for black developers and has vowed to increase its spending on partners and the black-owned companies it does business with.
Apple announced today that this is the case so far invested a total of $200 million through the program and has committed an additional $25 million in venture capital funding.
Since the introduction of Initiative for Racial Justice and Justice In June 2020, Apple supported work in education, economic empowerment and criminal justice reform in the United States and recently expanded to Australia, the United Kingdom and Mexico. Now the initiative is expanding to New Zealand.
These investments are part of REJI’s economic empowerment pillar to remove systemic barriers to entry, create opportunity and provide funding to support underrepresented and underfunded communities and businesses of color.
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