iFundWomen is a crowdfunding platform specifically designed to help women entrepreneurs secure funding for their small businesses and startups.
The new platform is looking to set women-led businesses vying for crowdfunding dollars up for success by vetting prospective funding recipients, who must enter their business by September 21st. According to the iFundWomen Newark webpage, an iFundWomen coach will contact applicants soon after they submit their applications.
Entries will then be evaluated by a team at iFundWomen for a spot in the crowdfunding platform’s first cohort in the Greater Newark area. Businesses that are accepted into the cohort will receive one-on-one coaching in business, crowdfunding and video production services to help them launch successful campaigns that meet their funding goals.
“Women are starting businesses at two times the rate of men, and operate with only half of the working capital, so it’s critical that we partner and mobilize our collective resources to help close the female funding gap,” said iFundWomen CEO Karen Cahn, according to a statement about the local launch
While crowdfunding campaigns have become a popular way for entrepreneurs and small business owners to raise money for projects and businesses, people sometimes underestimate the investment in time, planning, marketing and reward managing necessary for launching and operating campaign that reaches its goal. iFundWomen Newark will help selected projects and businesses execute the necessary preliminary work for launching a successful campaign, and for managing it during its run.
For people who want to support the launch and growth of local women-led businesses in the area, iFundWomen Newark will also be a resource for finding and contributing to those ventures at any dollar amount. As with other crowdfunding platforms, potential backers can discover businesses, choose unique rewards for their support, and track the financial progress of all campaigns featured.
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