FourthWave

Last updated 7 months ago

FourthWave received a $25,000 grant to host a mentor program for female tech entrepreneurs.

Key Accomplishments
Performance Metrics
Assessment
  • Identified 12 candidates for cohort after outreach to 400 women-led businesses.

  • Secured 8 of 15 coaches/mentors to facilitate workshops and provide ongoing support for mentees.

  • Identified 22 prospective strategic partners.

  • Prepared for upcoming cohort through community outreach, applicant and mentor recruitment, strategic planning and curriculum development, and business development.

  • Executed Launch Event, Immersion Day with Cohort & Coaches, and Management of the 12-week Gap Solution program.

  • Selected 7 female founders of 20 qualified to participate in launch program. Each founder was paired with 1 strategic business coach and 1 leadership development coach with an emphasis on conscious leadership, inclusion-management, and culture development.

  • Identified and recruited nine subject matter experts for Management of the 12-Week Gap Solution programming.

  • Provided 18 hours of one-on-one counseling to applicants who applied to the program, but were not accepted.

  • Hosted Investor Salon – program culmination event bringing potential investors and city leaders together to meet the 2017 cohort.

  • Continued to work with cohort members to develop strategic business plans, scale their businesses and fill gaps.

Funds Raised

$2 million

New Tech Jobs Added

39

# of Mentors

20

$ Value of Consulting Time

$400,000

FourthWave’s first cohort featured an impressive lineup of seven Sacramento-area women entrepreneurs within the fields of real home management, workplace compliance, health tech, and healthcare. The cohort began in April of 2017 and concluded with the Investor Salon in October 2017. One of the program’s biggest focuses was on getting the cohort of women entrepreneurs connected with mentors who would help guide them and their growing businesses.