Standard Chartered Bank has started its Women in Tech (WiT) Incubator Programme in South Africa. Its goal is to help and empower women who want to start businesses in the technology industry.
With the Women in Tech programme, the bank wants to make the tech business a place where women can thrive, do well, and make a difference. The bank will give R2.7 million ($150,000) to this project to help it succeed.
Standard Chartered also said it is working with WomHub on this project. WomHub is a global ecosystem builder that promotes women in STEM and equal rights for men and women, from attracting them to giving them control and capital.
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Women in Tech helps South African STEM women start startups
The Women in Tech project will give South African women who want to start their own businesses in STEM (science, technology, engineering, and manufacturing) fields a place to work on their innovative tech-based business ideas and speed up their growth. It will also provide a wide range of resources, such as mentorship, training, chances to make connections, access to funding, and a group of people who share the same goals.
Standard Chartered will use its knowledge of financial services, technology, and innovation to help the incubator’s members learn and grow. Participants will have access to a network of industry experts, successful entrepreneurs, and investors who will share their knowledge and experience to help them turn their ideas into real companies.
Kweku Bedu-Addo, CEO of Standard Chartered Bank, says, “We’re excited to start the Women in Tech Incubator Programme in South Africa.” “We are sure that giving women more power in technology is important for driving economic growth and new ideas. This plan is meant to give women entrepreneurs the support, resources, and chances they need to grow and make a difference in the tech industry.
Standard Chartered Bank’s WomHub collaboration
The goal of the partnership between Standard Chartered Bank and WomHub is to help women with the unique problems they face in areas like entrepreneurship, technology, leadership, and personal growth. Through a full curriculum, mentorship, and networking opportunities, the project aims to create a supportive environment where women can grow and get past obstacles that are holding them back.
“Our relationship with Standard Chartered Bank’s Women in Tech Incubator Programme is truly amazing. With the money, our group will be able to give its members the tools they need to break out of their limitations and build a better future for themselves, their families, and their communities. Naadiya Moosajee, co-founder of WomHub, says, “This strengthens our commitment to be agents of change and champions of women’s empowerment.”
The Standard Chartered Women in Tech Incubator Programme is open to South African women entrepreneurs with new business ideas or startups that are built on technology. Applicants will have to go through a tough selection process. Then, a group of successful applicants will be chosen to take part in the intensive 12-week course and receive a total of R90,000 ($50,000) in seed money.
During this time, the participants will get hands-on training, mentoring, and advice from experts in the field for 12 weeks. They will also be able to meet possible investors and business partners who can help them get funds and grow their businesses.
South African women-led tech startups can now apply for the Standard Chartered Women in Tech Incubator Programme. Those who are interested can send in their forms through the WomHub website at www.womhub.com. A group of experts from Standard Chartered Bank and the local tech industry will evaluate and choose the applicants as part of the application process.