FemTech Accelerator Program 2020
On the occasion of the 2019 Women’s Forum, we are proud to announce, in partnership with Axa, the launch of call to application to find & support the world’s 10 best FemTech startups.
What is FemTech? FemTech (Female Technology) is a term used to describe innovations designed to improve women’s health. It is a fast-growing market that is currently underfinanced, despite its considerable potential. Today, only 4% of tech investment in life sciences is aimed for women’s health tech solutions, but the market is expected to reach a $50 billion market size by 2050!
This is not just a question of encouraging the women who work in HealthTech. It is a question of ensuring women to have access to investment, insurance, talent, and equipping more women with skills, confidence, and support.
That’s why Axa and 50inTech have decided to partner to design an exclusive Accelerator Program starting by identifying the next 10 rising stars of the FemTech.
Based on 3 key areas, Mentoring, Learning & Acceleration, this program has been crafted to accelerate their network and success. in order to help them:
- address their hard and soft skills deficit
- break into industry sectors
- support their pursuit of funds
- become real game-changers
The kick-off will take place in April 2020 with an incredible Learning Expedition Week in Tel Aviv, one of the world’s Tech hub in the sector!
In the occasion of this special announcement, we have dedicated our latest podcast to FemTech founders and entrepreneurs: the expert Ariella Dreyfuss, Partner at Bartnea Law Firm, tells us about the sector.
“It is not about male or unisex products that have been shrunk in size, painted pink and remarketed for women”, she explains “FemTech describes tech products and services in the space of female health, including periods, menopause, fertility, breastfeeding, incontinence, contraception. It includes digital health apps and digital devices”.
In the field, women are more likely than men to identify the issues that affect them, identify the pain points in FemTech and address the problem with innovative solutions.
But why are female founders still unfunded? Women healthcare founders mainly face two major obstacles when it comes to funding: firstly, healthcare requires more funding than other sectors and, secondly, technology relating to women’s health issues are competing in a heavily male-dominated investment culture, with a lower understanding of and empathy with women’s health issues.
For more information click "LINK TO ORIGINAL" below.