Women-led tech startups are taking on some of the world’s toughest challenges and will compete for funding later this year. Hosted by a nonprofit, this annual competition provides women founders of tech startups with the opportunity to earn a $50,000 cash grant, receive mentoring and present their solution to investors.
Women Who Tech, in conjunction with Craig Newmark Philanthropies, will bring the Eighth Women Startup Challenge to New York City on May 29. The event will highlight 10 of the best “early-stage, women-led startups,” who will then pitch their companies at Google in New York City.
According to a recent national poll conducted by Women Who Tech that surveyed 1,000 Americans age 18 and older about the issues they were most concerned about, the five most important issues were healthcare, political instability and government accountability, immigration reform, environmental sustainability and climate change, and economic opportunity.
The same study showed that 60 percent of respondents “agreed that tech is not being leveraged effectively” to address those concerns.
“In our tech-driven economy, we’re still tackling incredible obstacles that could be resolved by backing the right creative and innovative minds,” said Allyson Kapin, founder of Women Who Tech. “We’re on a mission to provide capital, resources, and mentoring to women-led startups who are fighting for the future and solving these big problems.”
During the event, each startup will make their pitch to a group of major tech investors. This year’s jury will include Ellie Wheeler, partner at Greycroft; Esther Dyson, executive founder of Wellville; Jen Wolf, partner and COO at Initialized Capital; Jennifer Fielding, managing director of Techstars New York and co-founder of The Fund; Nashilu Mouen-Makoua, an investor at First Round Capital; and Nisha Dua, general partner at BBG Ventures.
At the end of the challenge, winning ventures will receive a $50,000 cash grant and pro bono services. Startups will also take part in an investor mentoring day at Techstars, a major funding accelerator for tech startups.
Along with other startup funding options, like seeking venture capitalists and angel investors, gaining assistance through crowdfunding or obtaining alternative small business loans, companies like Techstars are generally seen as a great way for startups to get off the ground.
Read more: https://www.businessnewsdaily.com/11300-womens-tech-startup-challenge.html