Women Who Tech Announces Finalists Of Inaugural FemTech And HealthTech Challenge, Investing In Accessibility And Big Data Automation In Healthcare
Huma.AI and Sign-Speak Awarded Innovation Grant and Impact Grant Respectively
Women Who Tech (WWT), one of the largest nonprofits funding and showcasing women-led ventures, announced the latest grants for its first global FemTech and HealthTech Grants Challenge, which has provided over $500,000 in non-dilutive funding since its inception. Innovation and Impact Grants were awarded to recognize two startups who are harnessing AI to accelerate clinical development of potentially life-saving therapeutics, and who are making healthcare more accessible for all.
- Huma.AI, cofounded by Lana Feng, was awarded the Innovation Grant of $15,000 for its human centric AI platform, which aims to bring life-saving cancer drugs to market faster by automating healthcare and decoding big data, turning domain experts into their own data scientists.
- Sign-Speak, cofounded by Yamillet Payano, was awarded the Impact Grant of $5,000 for enabling deaf and hard of hearing communities to interact in a hearing world through its real-time AI sign language software that translates ASL into English, and vice versa. Sign-Speak bridges communication gaps, creating more equitable opportunities.
“Women-led startups, who receive a paltry 2.3% of venture capital, experience persistent and significant barriers and biases raising investment from VCs, where 95% of partners are men,” said Allyson Kapin, Founder of Women Who Tech. “Women Who Tech is mission-set to disrupt this culture and fund diverse innovation.”
The jury was comprised of investors and global health leaders:
- Ida Tin, Founder and Chairwoman of Clue
- Barbara Clarke, Founder and President of The Impact Seat
- Maria Velissaris, Founding Partner at SteelSky Ventures
“There’s a problem with gender equity in tech, and unless we’re actively doing something about it, it won’t get fixed. That’s why we need to close the funding gap for women-led startups,” said Craig Newmark, Founder of craigslist and Craig Newmark Philanthropies, and member of Women Who Tech’s Advisory Board.
The three other esteemed finalists selected were:
- BIOMILQ (Michelle Egger) aims to create cultured breastmilk with the nutrition of breast milk and the practicality of formula.
- Dem Dx (Mariane Melo) is an AI clinical platform that helps frontline healthcare professionals diagnose and make care recommendations.
- PocDoc (Kiran Roest) enables anyone with a smartphone or tablet to test themselves for a range of diseases.
[To share your insights with us, please write to firstname.lastname@example.org]