A disruptive funding model which aims to help Kiwi businesswomen is heading into its second year of backing having been well-received by investors.
SheEO, a not-for-profit organisation that provides five-year interest-free loans to early-stage enterprises led by women, is fronted in this country by former Telecom chief executive, and founder of several businesses, Theresa Gattung.
The initiative received $1100 each from 442 women last year and hopes to achieve the same again this year. The target is 500.
More than 100 businesses applied for funding last year, and so far this year there have been about around 40 applications. Applications for the second year close in mid-December.
The five ventures that were selected for funding last year were: Pomegranate Kitchen, DermNet, Memory Foundation, Dovedale and ShearWarmth.