W Venture builds capacity for women entrepreneurs and their tech ventures.
Partner Co-investment - $158K
Supercluster Co-investment - $474K
Project Budget - $632K
The rapidly expanding technology sector is creating new opportunities and altering traditional industries in unimagined ways. However, women remain under-represented in this growing sector. For example, only 10% of Victoria’s tech companies have a female founder, and less than 39% of the tech workforce in the Okanagan is female.
W Venture is the first in British Columbia designed by women specifically for women that aims to support female entrepreneurs from a diverse range of backgrounds.
Through boot camps, workshops, mentorship and peer-sharing on leadership skills, this nine-month program will provide opportunities for women to gain entrepreneurial skills and insights in a supportive environment.
Utilizing the experience of the partners, Accelerate Okanagan, Purpose Five, University of Victoria Coast Capital Savings Innovation Centre, and the input of women tech entrepreneurs and Communitech’s Fierce Founders program, the project team, led by the Victoria Innovation, Advanced Technology and Entrepreneurship Council (VIATEC), will design and implement a program tuned specifically to build entrepreneurial capacity for women entrepreneurs and their tech ventures. In so doing, we expect to be able to provide a more meaningful and impactful experience than programs offered through traditional incubators and accelerators.
The pilot project will see three cohorts of women entrepreneurs created: one in Kelowna and two in Victoria. These three cohorts will provide a mechanism to validate the underlying program design assumptions, learn more from the interactions with specific participants, and allow the project team to make specific recommendations regarding working with women entrepreneurs going forward.