Microsoft’s venture fund M12 is partnering with Mayfield and Pivotal Ventures to launch a $6m competition for women-led enterprise startups.
In its second year, the Female Founders Competition will help accelerate funding for women entrepreneurs developing business-to-business software-as-a-service and deeptech solutions.
Eligible women-led startups developing enterprise tech solutions in the United States, Europe, Israel and India are encouraged to submit applications beginning Oct. 17, 2019.
Four winning companies will receive a total of $6 million in venture funding, along with access to technology, resources, mentoring and other benefits.
Submissions will be accepted to Dec. 15, 2019, and are open across Europe, India, Israel, Canada (excluding Quebec) and the United States. Companies will be eligible to apply if they have at least one female founder, have raised no more than $5 million in combined equity funding and/or debt loans upon date of application, and offer or intend to release a product, service or platform addressing a critical business problem for a global market.
A live finals pitch competition will take place March 18-19, 2020, with the announcement of winners to follow shortly thereafter. Two enterprise software startups will earn investment awards of $2 million each, and two deeptech startups innovating through substantial scientific and research advances will earn investment awards of $1 million each.
Full guidelines and contest information can be found at www.FemaleFoundersComp.com.
FinSMEs
18/10/2019