To help tackle the financing gap that women entrepreneurs still face, particularly in emerging markets, IFC and the Women Entrepreneurs Finance Initiative launched a new call for applications for IFC ScaleX—a performance-based initiative that will provide an award of up to $25,000 to business accelerators that have helped women-led companies in emerging markets raise equity financing.
IFC ScaleX seeks to reduce the gender gap in equity finance between male and women-led startups by providing financial incentives that will encourage accelerators to increase their focus on actively helping women-led startups to fundraise capital post their accelerator programs.
The objective of the IFC ScaleX program is to incentivize accelerators to actively pursue efforts that help women-led early-stage startups gain access to Private Equity and Venture Capital investment opportunities. IFC intends for the awards to be utilized by accelerators to further increase female founders’ access to capital funds – and to decrease the gender gap and investment bias.
Requirements
- IFC ScaleX is open for accelerators interested in getting rewarded for enabling women-led startups to raise venture capital. The women-led startup must be in operation in an IFC member country.
For More Information:
Visit the Official Webpage of the IFC ScaleX Accelerators Program