In celebration of Worldwide Girls’s Day, Papaya, a monetary know-how startup, has launched a Feminine Founder Grant. The grant is meant to supply monetary assist and sources to feminine entrepreneurs who’re constructing modern firms.
Based on Papaya CEO, Ryan King, “Girls entrepreneurs face distinctive challenges in accessing capital and sources. Our hope is that this grant will assist to degree the enjoying subject and supply feminine founders with the assist they should succeed.”
The grant will award a complete of $50,000 to a few female-founded firms. 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 House owners and Founders
To be eligible for the grant, firms should have at the least one feminine founder, be within the seed or early phases of growth, and have a enterprise mannequin that aligns with Papaya’s mission of selling monetary wellness and inclusion.
Purposes for the grant will likely be accepted by April 30, 2023. Finalists will likely be introduced on Might 31, 2023, and winners will likely 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 provides a Girls in Fintech Fellowship, which gives mentorship and networking alternatives to girls within the monetary know-how trade.
Based on a report by PitchBook, feminine founders obtained solely 2.3% of all enterprise capital funding in 2022. This gender disparity has been a longstanding situation within the startup world, with many ladies entrepreneurs going through 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 firms, Papaya helps to advertise higher range and inclusivity within the startup world.
Along with the Feminine Founder Grant and Girls in Fintech Fellowship, Papaya provides 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 modern 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 higher range and inclusion. By supporting feminine entrepreneurs and offering them with the sources they should succeed, firms like Papaya are serving to to construct a extra equitable and inclusive startup ecosystem.
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