Scaling female tech founders bridges entrepreneurship gender divide
DIVERSITY and inclusion in the technology space are not uniquely a South African challenge but has become a global imperative.
Women are stepping up to own and run businesses in numbers that would have been hard to imagine a few decades ago.
According to analysts, this is redefining women’s economic and reshaping the modern global economy. A recent study paints a picture of the ideal world where women play an identical role in labour markets to that of men, as much as $28 trillion, or 26 percent, could be added to global annual gross domestic product (GDP) by 2025.
Accordingly, an initiative has been launched to bring more women into entrepreneurship, mainly technology.
Rise – the innovation hub owned by Absa Bank – has launched the ‘Rise Scalarator’ focused on female founders in the Western Cape province and is calling for applications.
The Rise Scalarator is geared to play a crucial role in the global
call-to-action actively focusing on Women-In-Tech. The programme aims to support South African black female founders, who have developed a post - minimum viable product (MVP), tech solution to boost and scale their start-up, whilst acquiring a range of new competencies.
The initiative will focus on five female founder from June to November 2018.The programme will kick-off with a 12-week bootcamp, culminating in a
funding pitch to be held at Rise, which will assist them (women) secure investment opportunities with the broader network.
The five selected founders will receive support from a business coach inorder to boost their personal growth and leadership skills to support the growth of their own employees, leadership team and company.
Antoinette Prophy, Founder and Managing Director at the 88 Business Collective, who co-created the programme with Absa Bank as Project
Manager, said the programme was designed to focus on the beneficiaries holistically.
“They will have access to an Advisory Board, a Business Coach, financial
management and modelling tools as well as access to a worldclass network by being based at Rise Cape Town for the duration of the programme,” Prophy said.
Rise is a global start-up community pioneering financial services and unlocking Africa’s potential, and through this network innovators and
entrepreneurs gain the support and resources to help fast-track their personal and professional goals through mentorship and collaboration, access to markets, as well as extensive learning and skills development opportunities across sectors. “We are actively enhancing the trajectory of startups and increasing long-term sustainability,” said Camilla Swart, Ecosystem Manager at Rise