The Acceleration Program for Women Entrepreneurs (APWE), launched by the Indus Entrepreneurs (TiE) Islamabad has partnered with the US Embassy to provide 12 women-led, early stage startups the essential skills to seek funding from investors and venture capitalists.
Men-owned businesses routinely get more funding than those led by women but TiE Islamabad’s President Murtaza Zaidi is looking to change that with APWE. In a press release he said, “The APWE programme aims to break down the barriers to financial access and provide services such as, capacity building, access to venture capitalists and mentors. We believe this programme will have a multiplier effect on our startup ecosystem.”
According to an official statement released by the US Embassy, the accelerator program will sponsor 12 female entrepreneurs from Pakistan.
“Through the APWE, 12 female entrepreneurs from Pakistan will travel to the Silicon Valley to network with established business leaders in the United States. They will share professional business ideas, and will return home after successful completion of the APWE exchange to empower females in the local community, with entrepreneurial and social development skills.”
The competitive program received more than 450 applications and shortlisted 75 startups that went through a rigorous process of training workshops. Later, they were invited to submit their pitches and the top 12 startups were selected for the 15-week program.
The 12-finalists tour will travel to Silicon Valley, Austin, Seattle, Washington DC and New York. The selected participants will be provided with global networking and collaboration opportunities and meet investors, this will equip them with the required skill set before they arrive in Silicon Valley, California for a Final Day Demo.
From : pk.mashable.com