Shalom Life | June 25, 2014

Israeli Accelerator Promoting Female Entrepreneurship Receives Google Grant

UpWest Labs, a Silicon Valley-based accelerator for Israeli entrepreneurs, have a won a prestigious, $1 million grant to close the gender gap in the area

By: Daniel Koren

Published: March 6th, 2014 in Business » World

Israeli Accelerator Promoting Female Entrepreneurship Receives Google Grant

UpWest Labs is an accelerator for Israeli entrepreneurs and Israeli startup companies based out of Silicon Valley

Recently, they've been promoting female entrepreneurs to engage in programming, and quite successfully, I may add. So much, in fact, that its prompted Google to grant them a million dollar grant to continue on its trek to close the gender gap..

The Google for Entrepreneurs program has split a $1 million grant among 40 startup communities aligned with UpWest Labs to promote female entrepreneurship in Silicon Valley.

These funds will allow UpWest Labs to engage in partnerships with Israeli-based programs, focusing on promoting more women to apply for its four-month accelerator program. Such programs allow these savvy female businesswomen to network in Silicon Valley, establish contacts, and also, to increase the number of female entrepreneurs operating out of the Valley.

This hopefully will also expand the reach of startups currently operated and developed by female CEO's, engineers, computer programmers, and other such jobs involved in the hightech sector.

Since its inception, UpWest Labs have accelerated 33 new companies, which have gone on to raise approximately $20 million in funds combined.

Only a fifth of those companies currently include female founders, though it is also four times higher than the average gender ratio.

“Israel leads the world in empowering women to take command,” said co-founder of the accelerator, Shuly Galili, who also founded the California Israel Chamber of Commerce. ”The applicants in this year’s class proved no exception with two female-led companies out of the six companies accepted to our program.”

We applaud Ms. Galili, UpWest Labs, and Google, for encouraging a healthy ratio of male to female entrepreneurs, and wish all the startups based out of the UpWest Labs accelerator the best of luck.

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