Ladies Who Tech, one of many largest organizations devoted to funding women-led tech startups, launched a brand new grant program to establish standout feminine leaders in tech working to mitigate points brought on by the pandemic.
The COVID-19 Tech Grant will award women-run corporations innovating in industries corresponding to healthcare, schooling and civic engagement. Of the 5 finalists, two will likely be named winners and will likely be rewarded both the $3,000 affect grant or the $10,000 innovation grant. Award recipients may also obtain one-on-one pitch teaching. Purposes shut Sunday, August 23, at 11:59 p.m. PT.
“We imagine among the best methods to unravel a number of the world’s largest issues that we’re going through as a society is thru tech,” says Ladies Who Tech founder Allyson Kapin.
Whereas girls are sometimes on the forefront of innovation in tech, they proceed to face funding obstacles. The pandemic has solely intensified this hole.
“Funding for women-led startups has declined by over 30% between Q2 of 2019 and Q2 of 2020 and so they had been solely getting 2.7% of funding to start with,” says Kapin “For Latinx women-led startups: 0.32%. For Black girls founders, funding is much more dismal at solely 0.0006%.”
Ladies Who Tech leans on its allies, together with Craig Newmark, founding father of Craigslist and Craig Newmark Philanthropies and Ladies Who Tech advisory board member. Newmark, who’s the one male on Ladies Who Tech’s seven-person U.S. advisory board, may be very clear about his function: “The concept is to provide a voice to underserved populations, after which, for essentially the most half, get out of their manner,” says Newmark.
By previous grant applications, Ladies In Tech has assisted corporations just like the Black female-founded streaming service kewliTV that’s aiming to fight media’s underrepresentation of Black narratives. The corporate’s content material is now streaming on Comcast platforms.
Ladies Who Tech needs to be an ongoing a part of the funding hole dialog, with plans to launch a survey accessing the highest boundaries and challenges girls face inside startup and tech tradition. The group additionally needs to develop its affect.
“We’re fascinated with methods we will fund extra women-led startups who want our assist globally,” says Kapin.