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The Women's Technology Cluster Grants & Projects

Project: Women's Technology Cluster
Year of Inception: 1999

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The Women's Technology Cluster (WTC) was founded as an operating project of the Three Guineas Fund in 1999, as an entrepreneurial community of technology businesses in which women have a principal ownership stake.

The central objective of the WTC is to facilitate access to capital by women entrepreneurs.  While the rate of new business formation by women has grown at a rapid rate, barriers to access to capital persist as a systemic problem for women entrepreneurs.  The National Foundation of Women Business Owners reports that of the nearly 8 million women owned businesses in the United States, only one percent have used venture capital financing.  The WTC is designed as a model for breaking structural and cultural barriers by accelerating the growth, reducing the perceived risk, and facilitating access to angel and venture capital financing for women technology entrepreneurs.

A second objective of the WTC is to educate entrepreneurs to give back to the community.  The WTC is establishing a culture and value system of giving back, influencing entrepreneurs in the formative stages of their businesses.  Each new business entering the cluster contributes a small percentage of the firm's equity into a Venture Philanthropy Fund.  As Cluster companies achieve liquidity through merger/acquisition or an IPO, funds become available for social investment in the non-profit sector.  Income from the Fund will provide grants to sustain the WTC and to support other non-profit programs in the community addressing social and economic change.

In March 2003 the WTC "spun-off" into an independent non-profit organization with its own governing board and executive leadership. For more information on the WTC and its companies, see www.wtc-sf.org.

To read an article about the Women's Technology Cluster, click on the image. If you don't have the Acrobat plug-in, you can download it by clicking on the button.
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Like May flowers, valley's successful women in bloom (PDF)
Author: Lily of the Valley, Silicon Valley/San Jose Business Journal
May 20, 2005

 

The unanimous declaration of the independent business of america (PDF)
Author: Susan greco, inc magazine
September 01, 2001

 
FIRST LADY PICKS UP POINTERS FROM S.F. BUSINESSWOMEN
(PDF)
AUTHOR: ILENE LELCHUK, SAN FRANCISCO EXAMINER
MARCH 30, 2000
 
THE NEW GIRLS' CLUB (PDF)
AUTHOR: REDHERRING.COM
JANUARY 19, 2000
 
BREAKING DOWN THE BOYS CLUB (PDF)
AUTHOR: MARGIE WYLIE, SAN FRANCISCO EXAMINER
OCTOBER 24, 1999
 
A FUNDING CHANCE  (PDF)
AUTHOR: VICTORIA COLLIVER, SAN FRANCISCO EXAMINER
DECEMBER 16, 1998