Though to me she's one-of-a-kind, it turns out there are other women like my mom out there. According to the National Association of Women Business Owners, women make up 30 percent of U.S. business owners and employ nearly 7.8 million workers. Even though women-owned enterprises operate with far less capital, in the venture-backed tech industry, they produce 12 percent higher returns. That means that not only is supporting women in business the right thing to do, it’s also the smart thing to do.
In an effort to find new ways to advance female entrepreneurs, this week Google for Entrepreneurs is committing $1 million in aggregate to 40 startup-focused organizations, challenging them to increase the representation of women in their respective tech communities. From simply changing the times of events to accommodate busy moms to teaching young girls to see themselves as entrepreneurs, 40 of our partner communities will soon launch new programs and outreach initiatives to encourage women founders. We’re calling this collective effort #40Forward. Here are a few highlights from our global community:
- 1871 in Chicago is launching a new accelerator program for women founded or co-founded companies that’s more flexible and family-friendly, with a customized plan for each startup.
- Gaza Sky Geeks in Gaza is providing rewards for women attending startup events to demonstrate the economic value of them getting involved in tech to their families.
- Startup Grind chapters all over the world are hostingWomen Take the Stage fireside chats featuring successful women business leaders in their communities.
- Outbox in Uganda is launching a year-long training to teach young women programming and entrepreneurial skills.
- Astia is increasing female entrepreneurs’ access to capital by creating monthly opportunities for women-led companies to pitch to world-class investors.