Women Who Tech has announced the 10 finalists for its Women Startup Challenge Europe. Hundreds of women-led startups from 35 countries competed to pitch to investors and tech leaders, including Mitchell Baker, Chairwoman and Co-Founder of Mozilla, Jean-Louis Missika, Deputy Mayor of Paris, Fatou Diagne, Partner and Cofounder at Bootstrap Europe, Julien Quintard, Managing Director of Techstars Paris, Stephanie Hospital, Founder of OneRagTime, and Alejandro Tauber, Editor-In-Chief of The Next Web (TNW) for financial funding. The Women Startup Challenge Europe event, co-hosted by the Office of Paris Mayor Anne Hidalgo, will be held on October 25, 2018, at Paris City Hall, Hôtel de Ville.
"We’ve seen a rise in the number of women-led startups across Europe, yet the latest data shows that only 10 percent of investor funding in the EU goes to women-led ventures,” said Allyson Kapin, Founder of Women Who Tech. “If investors want to generate venture returns they need to invest in diverse-led companies that are unlocking innovation through diverse perspectives. We’ve built a pipeline of over 2,000 women-led startups to provide investors with direct access to the best early-stage women-led startups.”
“Data shows that women CEOs in the Fortune 1000 drove 3x the returns compared to S&P 500 enterprises run predominantly by men,” said Craig Newmark, Advisor to Women Who Tech and the Founder of craigslist and Craig Newmark Philanthropies. "We've got to invest in diverse perspectives and close this gap."
A total of $60,000 in cash grants will be awarded to the winning startup(s). A $25,000 cash grant will be awarded by Mozilla to the startup whose product best incorporates privacy and transparency.
“European technical and business ecosystems are missing opportunities for growth, innovation and new business by systematically not funding women entrepreneurs,” said Mitchell Baker. “This year's Women Startup Challenge proves that we can only become richer as a society by making sure that women have equal footing with men at this and every stage of their business journeys.”
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