Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
Apple is Launching Coding Camps For Women-Owned Startups
FinTech, Financial Services
Apple announced that it will be launching quarterly coding camps for women who own app-driven startups, offering them the opportunity to participate in a two-week intensive training program with Apple engineers, designers and others.
Apple’s Entrepreneur Camp will accept 20 app companies for each quarterly program, with 10 startups slated to participate in its pilot that will launch in January. Each startup will be allowed to send three people to the camp and each participant will receive two tickets to the following year’s Apple Worldwide Developers Conference.
“Apple is committed to helping more women assume leadership roles across the tech sector and beyond,” Tim Cook, Apple’s CEO, said in a statement. “We’re proud to help cultivate female leadership in the app development community with the new Apple Entrepreneur Camp, and we’re inspired both by the incredible work that’s already happening, and what’s sure to come.”
In order to be eligible for the Entrepreneur Camp, the startup must be female founded or co-founded and have at least one woman on the development team. They must also have a working app or prototype available to work on.
Apple notes in its press release that female entrepreneurs received only $1.9 billion in funding in 2017 compared to $83.1 billion for men. However, “women-owned businesses are growing more than two times faster than the US national average, with women-led tech startups delivering a 35 percent higher return on investment than tech startups led by men,” according to Apple.