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StanChart-Dubai launches Womentum

Standard Chartered Bank – UAE has launched ‘Womentum’, a ‘Women-in-Tech’ global program in partnership with womena. The program is to support women-led startups and entrepreneurs in the UAE. The bank said Womentum aims to promote the economic and social development of women entrepreneurs in the UAE through innovation or technology led entrepreneurship. The UAE-based Womentum is part of a global Women-in-Tech program that is already live in Standard Chartered New York, Kenya, Pakistan and Nigeria. Womentum will be focusing on capacity building for women-owned enterprises, target female-led entrepreneurial teams and provide them with training, mentorship and seed funding. Nominated startups will be taken to Berlin and Dubai for an immersive experience in these two vibrant hubs, with a remote mentorship period in between. There also will be a one-month execution period with the final Demo Day Pitch in October. In addition to mentorship and world-class curriculum, Standard Chartered and womena will be giving away a total funding of $160,000 to the top winners.

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