“Companies and entrepreneurs that have the opportunity to participate in an accelerator program are given an advantage because of their access to networks and mentoring,”Kelly Hoey, co-founder and managing director of Women Innovate Mobile, told the Wall Street Journal. “There are a lot of women entrepreneurs out there but without access to networks, without access to feedback and mentoring and guidance and funding.”
Women Innovate Mobile is ameliorating the blatant discrepancy between the number of men and women in the industry, focusing on mobile technology. Hoey believes mobile is the next wave of tech development, essential for a wide range of sectors from banking to education, the WSJ mentions.
Women Innovate Mobile opened its applications last week to startups with a woman founder or co-founder and a product that is related to mobile. The accelerator will offer two to five start-ups free NY office space, mentoring and coaching, access to venture capitalists and other investors in addition to $18,000 in seed funding, $10,000 worth of product development and design support, and $10,000 worth of mobile marketing promotions, the WSJ notes.