Innovation Cluster Launches Groundbreaking Women Breaking Barriers Accelerator Program
Data reveal that just 6% of tech business have a female CEO, and only 8% of Directors on boards of Canadian tech companies are females. Only 4% of VC funding goes towards women-led companies and creators who are ladies of colour get less than 1% of venture capital each year. The Innovation Cluster is working to alter their numbers through a groundbreaking new accelerator program.
They have officially launched , a six-month mate acceleration program developed specifically for ladies in science, technology, engineering, mathematics (STEM) and social development.
The program will enable individuals to fast lane their business and will lower barriers for female creators consisting of the distinct opportunity to pitch to angel financiers at the end of six months. This program has been enabled by a $75,000 Seed grant from the Ontario Trillium Foundation.
Funds will be utilized to hire experts, purchase materials, as well as to operate workshops and occasions.
The total program will be one year long, including two separate cohorts of as much as 10 ladies that will last 6 months each. The fully virtual program has for the first mate August 5th, with a start date of September initially. Applications are due August 27th at midday.
HOW THE PROGRAM WORKS Participants (aged 18 or older) will have every opportunity to accelerate their company during the program, that includes particular and innovative training sessions, weekly mentorship with advisors, peer-to-peer knowing, community networking and more.
“Our goal with this program is to increase chances and enhance the assistance for females getting in a profession course in STEM and social innovation,” states Rosalea Terry, Marketing Supervisor and Senior Citizen Development Specialist with the Innovation Cluster. “After finishing the program, these ladies will entrust to the abilities and knowledge to achieve success in their start-up.”
