Globe and Mail Article by Tracey Lindeman
Initiatives to increase the number of women in the notoriously male-dominated startup world are catching on around the world.
There are accelerators – such as the S Factory in Santiago, Chile; Upstart in Memphis, Tenn. and Prosper in St. Louis, Mo. – that give women-led startups mentorship and up to $50,000 (U.S.) in seed investment. Co-working spaces for startups with at least one female founder, such as WMN in Israel, exist too. In Canada, the Waterloo-based Communitech’s Fierce Founders programming offers women entrepreneurs hands-on training and funding of up to $30,000 (Canadian).
Then there are the investors and organizations that fund women-led startups, the informal support groups for women and the women-only networking events.
In a sector where just 12 per cent of venture-capital money is invested in women-led startups, it’s easy to assume that women would be relieved to finally have access to more opportunities.
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