Startup incubators are now a dime a dozen. One particular group is making a mark amongst startup companies by focusing on developing women entrepreneurs in the field of mobile technology and computing. Aptly named Women Innovate Mobile, this New York Company provides a way for women to make their startups the best in its class after a three-month mentorship program.
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Pre-selected companies will receive $18,000 in funding, free office space, product development and design support, mobile-marketing promotions, and access to an incredible network of mentors, funders and advisors inn exchange a 6% equity stake in each company.
“Accelerator programs are a proven model for helping high-potential tech companies,” says co-founder and managing director Kelly Hoey. “We just haven’t seen a rate of participation in those programs by women-founded companies. Mobile was another vertical focus in terms of what we were doing to distinguish our program from others.”
The founders of Women Innovate Mobile are Kelly Hoey, an attorney and business strategist, Deborah Jackson, a former investment banker and CEO and founder of the women’s business accelerator JumpThru, and Veronika Sonsev, founder of Women in Wireless, CEO and founder of inSparq, and a former VP of Jumptap.
“The part of the accelerator model that is really not broken is the structure: 90 days, access to networks, the culmination involving pitches to investors,” Hoey says. “That part of the model we’re not messing with.”
As of this writing, four pre-selected companies are in the accelerator phase of the program and expect them to make their pitch and demo of their products come mid-June.