PathSpot Awarded Funding for Its Technology to Detect Foodborne Illnesses
NEW YORK and WASHINGTON, May 30, 2019 /PRNewswire/ -- Today, nonprofit Women Who Tech, one of the largest organizations that funds and showcases women-led ventures, announced the winner of the 2019 Women Startup Challenge hosted at Google.
Women-led startups from across the US and Canada pitched their ventures before a prestigious panel of tech industry executives and investors on May 29th at Google's NYC headquarters.
PathSpot cofounder and CEO Christine Schindler was awarded the grand prize of $50,000 for their innovative hand-scanning system that eliminates the threat of foodborne illness by instantly detecting invisible signs of bacteria and viruses that cause foodborne illness including Norovirus, E.coli, Listeria, Hepatitis A, and Salmonella.
The Audience Choice Award went to Stephanie Yim, cofounder of Good Call, who will receive $120,000 in cloud services from Google for establishing a centralized 24/7 arrest support hotline for those detained to provide legal support in under a minute.
"There is a severe disparity when it comes to funding diverse startups. We need to equally back those who are making an audacious impact on a national and global level. Our Women Startup Challenge at Google successfully showcased an array of innovators who need funding to scale," said Allyson Kapin, founder of Women Who Tech. "We have hard data to show the investor world that placing big bets on women-led startups will generate big returns."
"Investors need to put their money where their mouths are to support women founders and close the funding gap for good. This will help maximize innovation and create products that are useful to everyone," said Craig Newmark, founder of craigslist and Craig Newmark Philanthropies, and Advisory Board member for Women Who Tech.
The jury included investors:
The 10 finalists will also be hosted at Silicon Valley Bank for one-on-one meetings with investors.
About Women Who Tech
By showcasing women-led ventures through Women Who Tech's flagship Women Startup Challenges, the nonprofit provides capital, mentoring, direct access to leading investors, and other resources for women who are creating the most innovative tech companies, with the ultimate goal of closing the funding gap for good. To date, 84% of the Women Startup Challenge alumni have raised investor funding, collectively totaling $53M+.
The Women Startup Challenge is one of the largest global programs to showcase and fund women-led tech startups, hosting thousands of women innovators across the world including New York, Silicon Valley, London (co-hosted by the Office of Mayor Sadiq Khan), and Paris (co-hosted by the Office of Mayor Anne Hidalgo). For information, visit www.WomenWhoTech.com.
The Women Startup Challenge is supported by Craig Newmark Philanthropies, Google, Pineapple Fund, Rad Campaign, Techstars, Silicon Valley Bank, Donna Griffit Storyteller, and more.
SOURCE Women Who Tech