"It's a forgone conclusion, investing in women is not just the right thing to do, it makes business sense, and the outcomes can transform millions of lives," Kitty van der Heijden, deputy executive director of partnerships at UNICEF, says in a press release.
But there's a lot more to it than just "the right thing to do," van der Heijden adds.
According to a Forbes 2023 article, women-founded companies generate outsized social and financial returns, and companies with female founders generate on average a 35% higher Return on Investment (ROI) and 12% higher revenues than their male peers.
"When girls and women are given the financial and entrepreneurial support they want and need, we can unlock an inventory of innovative solutions that can drive transformational change in creating a healthier, safer, greener, and better society for all," van der Heijden says.
That's why the UNICEF Venture Fund, a philanthropic fund that makes equity-free financial and mentoring investments in open-source solutions to improve the lives of children around the world, is pushing for more women in tech.
Over the last decade, the fund has invested in 147 open-source solutions from tech start-ups and UNICEF Country Offices across 86 UNICEF countries, reaching Read the Entire Article
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.