Utilize the power of the ACE NextGen community to elevate your business today
In the entrepreneurship and startup space, women entrepreneurs statistically receive less funding and support than their male counterparts. In fact, most venture-backed startups are “still overwhelmingly white, male, Ivy League-educated and based in Silicon Valley,” according to a recent study conducted jointly by RateMyInvestor and DiversityVC. Additionally, Asians in general also receive less funding and support. Asian women are under-represented in the VC industry where Asian women make up only 6%. Asian women entrepreneurs often wear many hats: business-owner, partners, mothers, and caregivers.
As a membership organization supporting Asian entrepreneurs, we understand the challenges firsthand through our staff and members. Our goal is to improve those trends by dedicating special programming and funding to women entrepreneurs, such as:
OUR COVID SMALL BUSINESS RELIEF RESPONSE: LEVEL UP WOMEN'S INITIATIVE
The Level Up Women’s Initiative is a program series that provides women entrepreneurs with the resources and network to launch their ideas and to scale their businesses in the face of the COVID-19 pandemic.
Since the start of the pandemic in the US, women have taken on extra caregiving duties and household responsibilities, thereby tackling a disproportionate amount of challenges. The New York Times reported that 80% of adults who aren’t working because of childcare obligations are women. Heterosexual couples where both the mother and father were continuously employed and have children under 13, mothers “have reduced their work hours four to five times more than fathers.” This has exacerbated the gender gap in work hours by 20 to 50%
In the upcoming months, the 6-month program series will focus on topics to strengthen skill sets, tools, and knowledge in navigating the challenge of running a business for women entrepreneurs during the COVID-19 pandemic:
- Work-life balance and mental wellness
- Pivoting products and services to online/virtual platforms
- Digital business development
- Staffing and retainment during COVID-19
- Self-promoting and selling your story
If you're not ready to apply, contact Ian@acenextgen.org about Inner Circles for more information