Womentum - the pay-it-forward platform supporting female entrepreneurs the world over
by Startacus Admin
Entrepreneurship is difficult. Entrepreneurship for women can be more difficult. Entrepreneurship for women in developing countries can be nigh impossible.
Women in these countries who try to start their own business can be confronted not only by a lack of support, but opposition to them even trying. They find it much harder to gain access to traditional sources of funding, partly because many of those who might otherwise fund their ventures are of the mind that women should not be doing such things, and partly because they simply do not have the means of contacting them, pitching, and so on.
Until communications and general knowledge of such funding improves, and this frame of mind changes to something a little more enlightened, Womentum is a new solution.
It works in a similar way to most crowdfunding platforms, raising funding for women entrepreneurs in developing countries via 
donations from the public and from corporations. Womentum works with ‘growth partners’, which are nonprofits and NGOs that work directly with the entrepreneurs, helping them submit their application to Womentum and ensuring they are suitable for the platform. This helps everyone involved, from the entrepreneurs themselves to the donors and it ensures that things work smoothly and that everything is legitimate.
Womentum is the brainchild of Prabha Dublish, who created it after spending time with women entrepreneurs in Northern India. Inspired by how these women used their limited resources to start businesses despite the lack of support, she created a platform to give them that support.
Because Womentum finds funding externally, 100% of the money donated goes to the entrepreneurs, helping them to make their dreams a reality and improve the lives of their children.
We expect to hear more on both Womentum and Prabha Dublish over the coming months, but for now congrats to Prabha and the Womentum team for their work to date.
If you liked this Women in Tech related article, you might also want to read our recent article on Women of Wearables - the world's first organisation for women working in wearable technology.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Cycle.land, the bike sharing marketplace unlocking the assets of unused bikes, raises over £200k thanks to their successful 2nd equity crowdfunding campaign on Seedrs.
IgniteNI looks to build on legacy with 2nd accelerator programme and San Fran base for 5 selected founders. Applications close asap so be quick to apply.
The startup that's creating technologies to measure and demonstrate sustainability in the food chain.
The lowdown on the London based barbershop and app that will come to you...
From understanding what counts as intellectual property, to what to do if you think IP theft has occurred, we chatted to Andrew Kirke, Director at commercial law firm Tughans to find out more.
The startup that has created the world’s first video-only review and booking platform...
Nottingham based early-stage startups and entrepreneurs take note - here's the lowdown on key startup support and help available where you are...
New app friendrequest aims to connect people, taking 'social' offline and to lead the way in facilitating real-life friendship.
The lowdown on Thyngs, the Fintech startup that is transforming any physical item into a virtual payment point...
How On-Demand Apps have changed business, changed customer interactions and boosted customer happiness.
Published on: 16th July 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Cycle.land raises £200k to continue their bike sharing journey 16th Jan 2019 Cycle.land, the bike sharing marketplace unlocking the assets of unused bikes, raises over £200k thanks to their successful 2nd equity crowdfunding campaign on Seedrs.
- IgniteNI Accelerator to offer startups San Francisco landing pad 14th Dec 2018 Ignite Accelerator is putting investment-ready tech companies on a global stage thanks to their new San Francisco 'landing pad'.
- Falmouth University Launchpad incubates tech legacy 7th Dec 2018 Developed by Falmouth University in Cornwall, Launchpad is an innovative, post-grad incubation and acceleration programme. We take a look at some of the previous Launchpad alumni.
- Ignite Accelerator 2019 opens for North East England startups 16th Nov 2018 North East of England entrepreneurs and startups take note! The Ignite accelerator, a 6 month remote accelerator for MVP stage founders or teams is back.
