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Google commits $1mn for women entrepreneurship

Google specified that women-owned enterprises need to produce 12 per cent higher returns

New Delhi: Google has decided to commit $1 million to 40 startup-focused organisations, challenging them to increase the representation of women in their respective tech communities. This will also include Nasscom’s 10,000 Startups and Jagriti Yatra from India, to promote participation of women in the technology space.

Some of the selected organisations will include American Underground and Galvanise (US), Campus for Moms (Israel), Club Kidrepreneur (Australia). This initiative is a part of '#40 Forward' programme under Google for Entrepreneurs and aims to find new ways to advance female entrepreneurs.

According to the National Association of Women Business Owners, women make up 30 per cent of US business owners and employ nearly 7.8 million workers.

“Along with our 40 partners, we hope to create more inclusive networks move the needle for entrepreneurs like my mom and young women like me who aspire to be like her," concluded Bridgette Sexton, Global Entrepreneurship Manager, Google.

( Source : PTI )
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