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© 2021 Forbes Media LLC. Align local actors to build inclusive pathways for women in tech – from their first college course to their first round of funding – that kickstart a. Melinda Gates will likely have the means to put her own stamp on the charitable realm. Found insideInvestment platform Ellevest raises $33m from Melinda Gates' Pivotal Ventures, Valerie Jarrett and PayPal. Techcrunch, 28 March. The philanthropist also backed its $25 million second fund . Awarding $40 million to help expand women’s power and influence in the United States by 2030. The challenge was announced by Pivotal Ventures, Melinda Gates' investment and incubation company, and will be managed by Lever for Change, a MacArthur Foundation affiliate. Program themes include: aging in place, caregiver support, care coordination, financial wellness, preventive health, and social engagement (see "Read the Q&A" below for more . Over the next five years, we are focusing our investment on three U.S. tech hubs that we believe have the power to be national leaders in gender equity in tech. Found insideA classic, moving quest of elephants, memory and the will to survive. Now, per CNN, Gates and Scott are directing $40 million to winners of the Equality Can't Wait Challenge, a competition hosted by Melinda Gates's investment firm, Pivotal Ventures, which rewards . Examples of key partners include: GET Cities will have local teams based in each city to focus on connecting the many players and initiatives within each tech hub, understanding what works, and identifying barriers that prevent the change we are working toward. She's also the founder of Pivotal Ventures, a start-up accelerator committed to social progress as well as the author of the bestselling book The Power of Lift. GET Cities believes Chicago and DC have the ethos to see women soar in tech and to develop models to share with the rest of the country. Today, Ley, who is in her 40s, is managing director of program strategy and investment at Pivotal Ventures, a limited liability corporation (LLC) founded by Melinda Gates to advocate for the power . GET Cities brings together key stakeholders from all areas of the tech ecosystem to align on shared goals and help move the needle on: GET Cities believes that national change is accelerated when starting at the local level and will focus on three U.S. cities over the course of five years. All reviewers will use the scoring rubric and all scores will be statistically normalized to ensure fairness. Midway through a . How, if at all, should COVID-19 play a role in the submission? Melinda French Gates created Pivotal Ventures in January 2015 with so little fanfare that news of the effort came out after GeekWire accidentally stumbled upon its website. Last fall, in partnership with Mayfield and Melinda Gates's Pivotal Ventures, we launched the second Female Founders Competition to award $6M to four women-led companies . A private foundation under section 501(c)(3) of the IRC that has received a tax determination letter from the IRS. Close. Chicago and DC companies can connect with our team to learn about innovative internship opportunities that would allow them to engage with undergraduate women in tech and/or offer their employees ways to volunteer as coaches and mentors. The entire contest was managed by Lever for Change,  a MacArthur Foundation affiliate. GET Cities is working to develop inclusive tech hubs across the United States. Catherine St-Laurent is the woman behind the curtain. We are looking for creative solutions to accelerate progress for women of all backgrounds in the United States by expanding their power and influence. Pivotal Ventures is an investment and incubation company created by Melinda French Gates. A collection of essays by feminist scholars on feminist sociology, reflecting the cultural and historical context in which feminist scholarship has taken place. Melinda French Gates is affiliated with Pivotal Ventures, Gates Learning Foundation, William H. Gates Foundation, Microsoft Corporation, Graham Holdings Co., drugstore.com, Inc., Duke University, Hudson Village Theatre. As she writes in the introduction, “That is why I had to write this book – to share the stories of people who have given focus and urgency to my life. We want to speed things up so that women of all backgrounds, especially women of color, can have an equal chance to make decisions, control resources, and shape policies and perspectives in the U.S. By Tamara Steffens. Opinion: Melinda Gates: . An entity under section 501(c)(3) and 509(a)(1) or (2) of the Internal Revenue Code ("IRC") that has received a tax determination letter from the Internal Revenue Service ("IRS"). ", Maggie McGrath is the editor of ForbesWomen, the Forbes vertical dedicated to covering all angles of female entrepreneurship. We must accelerate progress toward gender equality. Pivotal Ventures is an investment and incubation company created by Melinda French Gates to advance social progress in the United States, enabling better lives for more people. It is not known how much money Pivotal Ventures or Melinda French Gates have. Found insideJust Giving investigates the ethical and political dimensions of philanthropy and considers how giving might better support democratic values and promote justice. Using the online assessment, assess your fit and eligibility for the Equality Can’t Wait Challenge, and then register no later than Tuesday, September 1, 2020, at 5:00 p.m. Pacific Time. I write about women who run companies, countries and currencies. We know this pandemic will magnify the structural inequities that disproportionately affect women and threaten to roll back what progress we have made. Melinda Gates's Pivotal Ventures has a plan to help women gain more power in tech. Pivotal is committing $50 million toward the initiative, which will focus on three cities in the . Melinda French Gates created Pivotal Ventures in 2015 to fund firms led by female VCs. GET Cities is designed to accelerate representation and build a more vibrant tech industry. And French Gates, whose investment and incubation company Pivotal Ventures hosted the competition, has pledged to spend $1 billion toward such projects in the U.S., citing low rates of women in . To Scott’s point, two of the winning ideas mark collaborations among established advocacy and action groups. We encourage teams to select a single project that best represents your organization's ability to deliver a solution that is transformative, equitable, innovative, and feasible. “The awardees, led by Native women, Black women and multi-racial coalitions of women, are driving work critical to ensuring that all people can have access to equal opportunities and realize their full potential,” noted Stacy Schusterman, chair of Charles and Lynn Schusterman Family Philanthropies, which supported the challenge alongside Scott and Pivotal Ventures. Pivotal Ventures. All Raise, a nonprofit backed by Melinda Gates' Pivotal Ventures that works to support women and non-binary startup founders, is launching a Chicago organization led by some notable local tech . Brittney is an angel investor, LP and direct investor at Pivotal Ventures, and co-founder of Female Founder School. Submissions have closed. ➔, In 2011, the percentage of women receiving computing degrees reached a near all-time low of 16% and has remained stagnant around 19% ever since.➔, There are 3.5 million computing-related jobs anticipated to open by 2026.➔, At the current rate, the United States will only have 17% of the graduates necessary to fill these openings.➔, While women hold 57% of professional occupations, women currently comprise only 26% of jobs in the computing workforce.➔, VC investment in all female-founded teams still only represented 2.8% of U.S. VC investment in 2019➔, Every day that we don’t see equity in the tech sector is a day that we leave talent, ideas and growth on the table. Black people are not dark-skinned white people, says advertising visionary Tom Burrell. In 2019, she announced a $1 billion investment to support gender equality through Pivotal Ventures. Pivotal also invested in Female Founders' $25 million second fund in 2016. Why were Chicago and DC chosen for the first two hubs? The program works to understand and amplify effective local models that can be replicated by other cities throughout the country with a commitment to gender equity in tech. is an investment and incubation company founded by Melinda Gates that works to advance social progress for women and families in the United States. That's why it's time for national paid leave. Share insights, create space for a national dialogue, disseminate data and best practices, and provoke behavioral, cultural and narrative change. Since 2000, the Bill and Melinda Gates Foundation has provided more than 4.2 billion dollars to help those in need. Sixteen years later, Forbes ranked philanthropist Melinda Gates as the fourth most powerful woman in the world. Grants will be awarded to the organizations or coalitions of organizations with the most compelling proposals. Pivotal Ventures, Melinda French Gates’ investment and incubation company, with additional support from MacKenzie Scott and Dan Jewett, and Charles and Lynn Schusterman Family Philanthropies, is hosting the Equality Can’t Wait Challenge, in partnership with Lever for Change. COVID-19 has impacted how we live, work, and care for one another. Pivotal stands to become much more active. Stay informed and up-to-date on your network with RelSci news and business alerting service. Charles and Lynn Schusterman Family Philanthropies, transformative, equitable, innovative, and feasible. Recently, through Pivotal Ventures, Melinda quietly donated $8 billion in grants with "no strings attached" to more than 286 women-led, non-profit organizations. Found insideOne of the most captivating novels of the year' Washington Post 'Stunning' San Francisco Chronicle 'Warm and deeply humane, this transporting novel is a staggering achievement from a landmark writer' Esquire 'A vivid, propulsive, historical ... So far, her ex-husband Bill Gates has submitted shares valued at $ 6 billion since the divorce was announced last May, according to statutory publications. Founder of Pivotal Ventures. French Gates, through her firm Pivotal Ventures, is one of several limited partners investing in the firm's $57 million fund, its third. Melinda French Gates Co-chair of the Bill & Melinda Gates Foundation. . Subscribe to the Crunchbase Daily. Gender Equality in Tech (GET) Cities is an initiative designed to accelerate the representation and leadership of women in tech through the development of inclusive tech hubs across the United States. Use our Organizational Readiness Tool to help determine if your solution is eligible and a strong fit for the Equality Can’t Wait Challenge. An additional $10 million will be allocated among finalists and determined at the award decision stage. Found insideThe Orange Prize-winning novel of Larry Weller, a man who discovers the passion of his life in the ordered riotousness of Hampton Court’s Maze. Next, complete the online registration form. "The pandemic feels like a universal experience, but we have to recognize that not all of us will experience it equally," said Melinda Gates, co . Formerly Melinda Gates's right-hand woman, St-Laurent most . Strong sources and attraction of talent. Although the Equality Can’t Wait Challenge is not in response to COVID-19 nor a funding mechanism directly suited for COVID-19 relief, we recognize that your proposals might be shaped by current circumstances. Found insideThe Book of Awakening is the result of Nepo’s journey of the soul and will inspire others to embark on their own. He speaks of spirit and friendship, urging readers to stay vital and in love with this life, no matter the hardships. Rising to the top of the more-than 500 proposals submitted for consideration were: The Building Women’s Equality through Strengthening the Care Infrastructure coalition, the Changing the Face of Tech project from the Ada Developers Academy, Project Accelerate, led by Girls Inc., and The Future is Indigenous Womxn initiative from New Mexico Community Capital and Native Women Lead. Making a commitment in advance to buy vaccines if and when they are developed would create incentives for industry to increase investment in research and development. Pivotal Ventures, Melinda French Gates' incubation company, with additional support from MacKenzie Scott and Dan Jewett, and Charles and Lynn Schusterman Family Philanthropies, is launching the Equality Can't Wait Challenge, which will award $40 million to help expand women's power and influence in the United States by 2030. GET Cities is working to build a more inclusive future in tech, starting at the city level. Esto decía Bill Gates sobre su compromiso en 1993 1:17. Since launching with a $6 . The foundation's commitment buttresses much of the work Melinda French Gates has pursued both at the foundation and through Pivotal Ventures, her investing organization. With Pivotal Ventures, Melinda Gates is applying lessons learned from two decades of philanthropy to venture funding. A public university, junior college, or college. Author of The Moment of Lift. Melinda Gates is also a published author. The Bill and Melinda Gates Foundation also said in June it will spend $2.1 billion over the next . Use the Organizational Readiness Tool to find out if you’re a good fit for the grant, refer to the rules for a complete set of eligibility requirements, and please contact [email protected] with any questions regarding eligibility. Finalists are eligible to receive a one-time award of $100,000 and have the opportunity to revise and resubmit their proposal. We have seen a groundswell of energy and activism to accelerate progress toward equality in the U.S., but the pace of change has not moved fast enough. In 2019, the World Economic Forum projected that we are still 208 years away from gender equity in the U.S. ➔, Achieving gender equity in the tech industry would be worth an estimated $320 billion to $390 billion dollars in total market value. 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