Women Who Tech Launches Global FemTech and HealthTech Program to Fund Startups
by Startacus Admin
Women Who Tech’s FemTech and HealthTech Grants Challenge launches to bolster support for innovative global healthcare and digital solutions
Fab to see that Women Who Tech , one of the largest nonprofit organizations that funds and showcases women-led ventures, has just launched its first worldwide FemTech and HealthTech Grants Challenge in a bid to help close the funding gap for women-led startups and accelerate innovation to address pressing global healthcare issues.
To help fund the future of innovation - by women, for women - while spurring more cutting-edge advancements, Women Who Tech is deploying capital and resources to FemTech and HealthTech startups. It aims to support businesses championing greater healthcare access on a global scale, bolstering the medical tech ecosystems, and bringing more effective digital health solutions and technologies to market.
The Grants Challenge will see 5 early-stage women-led startups with a focus on FemTech and/or HealthTech being selected by a jury of of over 40 investors and global health leaders to compete for $20,000 USD in equity-free grant funding.
The program is open to global FemTech and HealthTech startups with at least one woman founder or co-founder.
Women-led startups experience persistent and significant barriers and biases raising investment from VC firms, where 95% of VC partners are men. Furthermore, FemTech startups with the largest exits have primarily been led by men. Women Who Tech is mission-set to disrupt the culture and economy of men funding men.
“Only 3% of total HealthTech funding went to FemTech startups in 2020 - a hugely missed opportunity given that global healthcare spending is predicted to reach over $10 trillion by 2022,” said Allyson Kapin, Founder of Women Who Tech. “Within FemTech alone, the market will scale to $1.07 trillion by 2026—now is not the time for VCs to overlook diverse innovation that’s right in front of them.”
Women Who Tech’s FemTech and HealthTech Grants Challenge is bolstering support for global healthcare and digital solutions with grants, fundraising and investing support, and more.
If you’re interested in applying, you must do so by 11:59 pm PT on July 18, 2021. You can also check out further info on the criteria and submission process on the Women Who Tech site.
Best of luck to all who apply!
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Published on: 25th June 2021
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