In celebration of Worldwide Girls’s Day, Papaya, a monetary expertise startup, has launched a Feminine Founder Grant. The grant is meant to offer monetary assist and sources to feminine entrepreneurs who’re constructing revolutionary corporations.
In keeping with Papaya CEO, Ryan King, “Girls entrepreneurs face distinctive challenges in accessing capital and sources. Our hope is that this grant will assist to stage the enjoying discipline and supply feminine founders with the assist they should succeed.”
The grant will award a complete of $50,000 to 3 female-founded corporations. The primary-place winner will obtain $25,000, whereas the second and third-place winners will obtain $15,000 and $10,000, respectively.
Papaya Small Enterprise Grants for Girls Homeowners and Founders
To be eligible for the grant, corporations should have no less than one feminine founder, be within the seed or early phases of improvement, and have a enterprise mannequin that aligns with Papaya’s mission of selling monetary wellness and inclusion.
Functions for the grant shall be accepted via April 30, 2023. Finalists shall be introduced on Might 31, 2023, and winners shall be introduced on June 30, 2023.
The Feminine Founder Grant is only one of a number of initiatives launched by Papaya to assist feminine entrepreneurs. The corporate additionally gives a Girls in Fintech Fellowship, which offers mentorship and networking alternatives to girls within the monetary expertise trade.
In keeping with a report by PitchBook, feminine founders acquired solely 2.3% of all enterprise capital funding in 2022. This gender disparity has been a longstanding challenge within the startup world, with many ladies entrepreneurs dealing with discrimination and bias when attempting to entry capital and sources.
Initiatives just like the Feminine Founder Grant are essential to closing the gender hole in entrepreneurship and offering feminine founders with the assist they should succeed. By offering funding and sources to female-led corporations, Papaya helps to advertise better range and inclusivity within the startup world.
Along with the Feminine Founder Grant and Girls in Fintech Fellowship, Papaya gives a spread of economic instruments and sources to assist people handle their cash extra successfully. The corporate’s mission is to advertise monetary wellness and inclusion by offering revolutionary options to widespread monetary challenges.
Because the startup world continues to evolve, initiatives just like the Feminine Founder Grant will turn into more and more essential in selling better range and inclusion. By supporting feminine entrepreneurs and offering them with the sources they should succeed, corporations like Papaya are serving to to construct a extra equitable and inclusive startup ecosystem.
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