Microsoft, Mayfield, and Pivotal Ventures partner up for a $6 million competition for women-led enterprise startups

The 2nd Female Founders Competition was announced today by Microsoft's M12, Mayfield, and Pivotal Ventures. The competition helps women-led businesses that develop enterprise tech solutions. The 4 companies that win the competition receive a combined $half dozen 1000000.

Microsoft'southward executive vice president, Concern Development, states in Microsoft news mail "The tech industry can't beget to go along leaving women's good ideas on the tabular array. We demand to level the playing field for female entrepreneurs, and together with Mayfield and Pivotal Ventures, we aim to do just that with our 2d Female Founders Competition."

The news post sites a written report by PitchBook that states that companies founded solely past women received merely 2.3 percent of invested capital in venture-backed startups.

Navin Chaddha, managing managing director of Mayfield, states in the news mail, "In addition to providing funding, we plan to share our playbook with competition winners on how to accelerate their journey from thought to iconic company."

Melinda Gates, the founder of Pivotal Ventures, adds, "Enterprise technology is shaping our world in countless ways, but it will never accomplish its full potential unless women and their ideas are equally represented within the field."

The competition is open up to companies in Europe, Bharat, Israel, Canada (excluding Quebec), and the United States. To exist eligible, companies need to accept at to the lowest degree one female founder. On March xviii and xix, at that place will exist a live finals pitch competition, with winners existence appear shortly later the competition.

Two winning enterprise software startups will earn an investment of $two 1000000 each, and two "deeptech startups innovating through substantial scientific and research advances" volition earn an investment of $1 million each. Full details tin can be found on the contest's website.

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