Standard Chartered ‘Womentum’, a Women in Tech programme in partnership with women empowerment platform womena, is live in the UAE.
The Standard Chartered ‘Womentum’ initiative aims to support women-led start-ups and entrepreneurs in the UAE.
The programme is part of a global Women In tech programme initiative. Standard Chartered ‘Womentum’ is already live in Standard Chartered New York, Kenya, Pakistan and Nigeria.
The bank says that the programme is an integral part of its diversity and inclusion agenda.
In particular, Standard Chartered ‘Womentum’ aims to promote women-led entrepreneurs in the UAE through innovation or technology led entrepreneurship.
Moreover, the initiative targets female-led entrepreneurial teams and provides them with training, mentorship and seed funding.
Standard Chartered Womentum: training, mentorship, prize money
Nominated startups will be taken to Berlin and Dubai for a training programme. Furthermore, Standard Chartered and womena will be giving away funding of $160,000 to the top winners
Earlier in 2019 the bank announced the launch of its global initiative “Goal” in the UAE. The education programme provides financial literacy, life skills and employability training to young girls across its footprint.
Rota Abu Manneh, CEO, Standard Chartered, UAE says: “At Standard Chartered, we embrace and celebrate diversity, including gender diversity, We are proud to launch the ‘Women in Tech’ accelerator in collaboration with womena.
Standard Chartered Womentum aims to support, mentor and nurture women-led startups in the region. Our staff and partners are here to mentor the startups, help them scale. And equip them with skills that are necessary to thrive in today’s world.”
Elissa Freiha, founder, womena adds: “womena’s mission is to promote gender diversity and inclusion. We believe that the next wave of innovation will come from emerging market entrepreneurs. – the women of these markets are pivotal in this journey. Womena has built a programme that we felt was lacking in the regional ecosystem focused on female-led start-ups.”
Olga Araga Kimani, regional head of corporate affairs, Standard Chartered adds: “The gender-based divide is still present across all industries. And we are proud to be partnering with womena to support female-led startups in developing their enterprises.”