Astia CEO to Share Insights about Value of Women-Led Innovation at Clinton Global Initiative America
SAN FRANCISCO, June 28, 2011
Astia, the premier venture accelerator for women-led high growth companies, today announced that CEO Sharon Vosmek will participate in the Clinton Global Initiative (CGI) America meeting taking place in Chicago, June 29-30, 2011. Vosmek will participate in the StartUps and High-Growth Business Working Group, as well as serve as a CGI Girls and Women Champion.
The business landscape is still challenging for female and minority entrepreneurs. Even today, men and women are still by-and-large in separate business networks. This division in networks impedes growth on both sides of the fence – from the entrepreneur who is looking to create a high-growth business to the venture capitalist looking to invest in today’s next innovation. Finding ways to bring the networks together will further drive global innovation and economic growth.
“I am thrilled to be a part of the Clinton Global Initiative Meeting representing the unique opportunity of women high-growth entrepreneurs,” stated Sharon Vosmek, CEO of Astia. “We know from recent research that if female entrepreneurs had the same access to capital as their male counterparts, we would see six million new jobs in the next five years, two million in year one alone. This is the jobs recovery we all seek and that CGI hopes to ignite.”
With representatives from the investment community, nonprofits, government, and high-growth businesses, the StartUp and High-Growth Business Working Group will highlight innovative opportunities for new and growing companies to reach their potential. Participants will meet with a diverse group of five start-ups from across the country, who will illustrate the challenges they face in building their companies and showing participants what it’s like to put a successful start-up together. The Working Group will focus on developing solutions for providing the financial and human capital needs of these firms, and work to build the supportive ecosystem required to facilitate growth.
Two of Astia’s start-up companies will also be participating in the meetings, Linda Maepa, Founder and COO at Electron Vault will participate in the Infrastructure Working Group and Erika Block, Founder and CEO of Local Orbit will participate in the Rural Economy Working Group. Both entrepreneurs will represent the voice of new companies. Recent research from the Ewing Marion Kauffman Foundations shows that all new jobs created in the US in the last 30 years have been generated by companies less than 5 years old – making these companies particularly important in the CGI America conversations.