Astia to partner with Google for Entrepreneurs to promote women-led startups
New Partnership Will Triple the Amount of Promising Woman-led companies from around the World Who Are Able To Participate in Astia Venture Lunches Series.
While women are creating new companies at record pace, the growth trajectory of these companies are not keeping up with their male counterparts. Yet data shows that those female entrepreneurs who are successful at accessing networks and capital perform on par or exceed their male counterparts. Astia’s mission to is to significantly reduce this gender growth gap for women-led start-ups and we are excited to announce a new partnership with Google for Entrepreneurs to advance high potential women-led companies from start-up to scale.
“We believe that it makes absolutely no sense that women account for less than 5% of venture-backed companies while at the same time they account for over half the college graduates and graduate degree participants. Astia is excited to be working with Google for Entrepreneurs to increase our impact. It is our belief that with this support we can triple the number of companies we showcase each year. We have the pipeline, we just needed the right partner to extend our reach,” said Sharon Vosmek, CEO, Astia.
Google for Entrepreneurs will work with Astia to scale the frequency and city coverage of the acclaimed Astia Venture Lunch Global Series which advances female entrepreneurs by giving them increased access to investors and strengthening their business network. Google for Entrepreneurs will support these entrepreneurs through customized programs, network of partners and products.
Astia has a strong track record of sourcing, selecting and showcasing exceptional female entrepreneurs and connecting them to the investor community. In 2013, 75% of the Astia Venture Lunch participants received investor interest. Entrepreneurs with an innovative product or offering in a high-growth sector such as technology, life science, clean tech, consumer products and who qualify can apply via the Astia website. Qualifying applicants are high-growth businesses ready for equity funding with at least one woman in a c-level position or equity stake.
“Google for Entrepreneurs is thrilled to join forces with Astia,” commented Bridgette Beam, Global Entrepreneurship Manager, Google. “As partners, we will collaborate to further the efforts of world class women-led startups by providing them with the essential elements required for their success including advising, a strong network, and helping them get access to capital. We believe together we can move the needle for women entrepreneurs.”
Astia is a global not-for-profit organization with a distinct focus and mission – to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Guided by a proven philosophy that gender diversity is an essential element of innovation, Astia works with startups around the world as they access capital, grow their businesses, and hone the leadership skills of their founding teams. Founded in 1998 in Silicon Valley, the Astia model of engaging a community of over 4,000 experts to the benefit of the select startups it serves has resulted in an exceptional success rate.
Astia is generously supported by the following sponsors: The Ewing Marion Kauffman Foundation, The Three Guineas Fund, Google for Entrepreneurs, Fenwick & West, Dentons, Silicon Valley Bank, Moss Adams, Microsoft, SAP, Lowenstein Sandler, Cisco, The Althea Foundation, Gust, Salesforce, Andreessen Horowitz, Prolog Ventures, DLA Piper, Cooley, Golden Seeds, Illuminate Ventures, Alloy Ventures, Opus Capital, SAP Ventures, Asset Management, StarVest Partners as well as the generous support of individual donors.
About Google for Entrepreneurs
Google for Entrepreneurs empowers entrepreneurs around the world through programs, partnerships, and Google products. With over 50 programs in 110 countries, Google for Entrepreneurs seeks to grow entrepreneurial communities and to equip entrepreneurs with skills and resources to pursue their big ideas. To learn about the programs, or to grow your own skills through free online courses, visit Google.com/entrepreneurs or on Google+ at google.com/+GoogleForEntrepreneurs.