Google Gives $1 Million to Increase the Number of Women in Startups

March 11, 2014

5:49 pm

According to Google for Entrepreneurs’ Twitter account, Google is giving $1 million to 40 organizations around the world to create events, programs, and training to increase the amount of women in startups by 25 percent.

Tech startups are notoriously male-heavy, but over the past few years, more women have entered the startup trenches…and they’re crushing it! According to Google for Entrepreneurs, tech companies led by women achieve a higher return on investment and bring in more revenue than their male counterparts when venture backed.

Read that last sentence again.

But Google isn’t the only company urging more women in tech.

37Angels wants to increase the amount of women in angel investing roles. According to their website, 13 percent of angel investors are women. They want to increase that to 50 percent.

In early 2013, Astia created Astia Angel – a fund that invests in women-led companies in infotech, cleantech, and the life sciences.

It’s safe to say, the future of women in tech looks bright.  

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Jeremy Brown is the Founder of the philanthropy initiative Startups Give Back ( Twitter: @socialjeremy.

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