Google Helps Launch Incubator for Women-Owned Tech Startups

1871_FEMtech_21-300x1921871, the high-profile launchpad for tech companies in Chicago, will soon “become less of a boys’ club” according to a recent article in Crain’s Chicago Business.  The change in demographic is due in part to the addition of 1871FEMtech, in incubator for women-owned tech startups backed by the Motorola Mobility Foundation, the Lefkofsky Family Foundation and Google.  For Google, 1871FEMtech is part of a broader effort to help launch 40 incubators worldwide aimed at boosting women’s participation in technology by 25 percent (#40Forward).

1871FEMtech will start this fall and will help 10 to 15 women-owned tech start-ups a year and will launch with $500,000 to $1 million in support.  Currently 28 percent of the companies at 1871 have a woman among their founders and, according to 1871 CEO Howard Tullman, the success rate of tech startups with women is about 30 percent higher than startups overall.

Google is no stranger to empowering women.  During Generation W, a panel of Google women will talk about the Women@Google organization and how they come together as a coalition of female employees to support one another in their professional efforts.  Click here for more information about the April 4th conference and to purchase tickets.