London-based enterprise charity Hatch partners with NatWest bank and BlackRock Gives to launch a new click-and-mortar academy aimed at supporting ethnic-minority female entrepreneurs to build sustainable businesses – Female Founders Academy.
Applications are now open to join the Female Founders Academy’s first two incubator programmes – the BAME Female Founders LaunchPad for business at idea stage and the BAME Female Founders Incubator for businesses that have already launched.
The academy will provide applicants with on-demand mentoring, educational workshops, financial coaching online plus a renewed offline curriculum – all delivered by a team of experts.
NatWest and BlackRock Gives are the first supporters of the Female Founders Academy, which builds on the work from Hatch’s debut business incubator programme for 20 Black, Asian and Minority Ethnic (BAME) women launched in October last year.
Hatch is looking to work with a range of corporate partners to co-deliver the new academy programme and has set itself a target of raising £1 million to support 10,000 women in business and help to redress the barriers facing women entering entrepreneurship.
The businesses that have taken part in Hatch’s incubators and accelerators since 2013 have a combined turnover of over £4.9 million and have raised a total of more than £3.9 million in investment funding. They have also created local jobs and hired 300 people in their local communities.
Hatch CEO, Dirk Bischof, said: “There are extremely talented women entrepreneurs in the tech and other sectors including FMCG, retail and hospitality, who are building businesses but are unable to secure the right type of finance to help them grow – the Female Founders Academy is about delivering practical skills to navigate the angel investment and VC sector with the aim of widening it up and making it more accessible and inclusive.”
Check HERE for more information on the Hatch Enterprise Female Founders Academy, which kicks-off in October.