Women Who Tech, which showcases and funds women-led ventures around the world, has selected 10 finalists for the Women Startup Challenge Europe. Hundreds of female-led startups from 35 countries competed for the chance to pitch to top investors and tech leaders. The final 10 will compete at an event co-hosted by the Office of Paris Mayor Anne Hidalgo at Paris City Hall on Oct. 25, 2018.
A total of $60,000 in cash grants will be awarded to the winning startups, and a $25,000 cash grant will be awarded by Mozilla for the product that best incorporates privacy and transparency.
“We’ve seen a rise in the number of women-led startups across Europe, yet the latest data shows that only 10% of investor funding in the EU goes to women-led ventures,” said Allyson Kapin, Founder of Women Who Tech in a statement. “We’ve built a pipeline of over 2,000 women-led startups to provide investors with direct access to the best early-stage women-led startups.”
A 2015 report in Fortune revealed that woman-led companies drove 3X the returns compared to S&P 500 enterprises run predominantly by men. “We’ve got to invest in diverse perspectives and close this gap,” said…