Company One of Only Six Chosen to Participate in Program Designed to Help Advance Women-led Businesses
SAN DIEGO, Calif. … August 24, 2016 … RippleNami, Inc., a provider of a map-based data visualization platform accessed via the cloud, announced today that it has been selected to participate in the fall 2016 Prosper Women Entrepreneurs (PWE) Startup Accelerator program, one of the first in the country designed exclusively to help advance women-led businesses.
As one of only six elite women-led companies chosen, RippleNami will initially receive a capital investment from PWE, with the opportunity to earn follow-on funding.
Under the PWE program, in addition to the capital investment, all of the carefully chosen participants gain access to world-renowned mentors, exposure to a network of experts and investors and receive a customized curriculum designed to advance business growth and raise follow-on capital. The Accelerator culminates on Demo Day — November 9, 2016 — when each of the entrepreneurs will have an opportunity to present their plan to business leaders, venture capitalists, angel investors and potential clients.
“RippleNami is honored to be selected by PWE to participate in this program, which was strictly designed to champion women-led businesses. This is a very exciting time in our growth phase and with the financial and educational support from PWE, we will put all these resources to use in helping take RippleNami to the next level. The competition was fierce – RippleNami was selected from hundreds of applications submitted, which demonstrates the viability of and opportunity for our dynamic mapping solution and innovative technology. We appreciate the support PWE is affording our fast-growing startup through their women-targeted program,” said Jaye Connolly-LaBelle, president and chief executive officer at RippleNami.
The PWE Startup Accelerator, which has already graduated 16 companies and invested nearly $1.5 million in their successes, is aimed at supporting women-led startup businesses engaged in the technology, healthcare/technology and consumer products arenas. PWE defines a women-led business as a company with at least one woman in a position of leadership with significant and meaningful equity. PWE’s criteria for startups are those companies that have a working product and preferably customers. Previous cohorts were selected from applications representing more than 31 states and 41 countries.
Other companies chosen to participate in the fall 2016 PWE program include: Lean Media, St. Louis, Mo., Mindset, St. Louis, Mo., Music Spoke, Lincoln, Neb., Precision Image Analysis, Seattle, Wash., and, Soozie’s Doozie’s, St. Louis, Mo.
PWE’s three-month program provides an intensive experience for women, solely focused on their business growth. Based in the heart of St. Louis’ innovation district, participants commit to staying in St. Louis for 15 days throughout the three-month program, allowing them to solely concentrate on the rapid growth of their entities and raising capital.
About Prosper Women Entrepreneurs (PWE)
Founded in 2012, PWE comprises two divisions: PWE Startup Accelerator is a for-profit organization focused on increasing women entrepreneurs’ access to growth capital and the number of women investing in early-stage capital markets. PWE Institute is a non-profit organization focused on training and mentoring women in the entrepreneurial community. PWE is a group of business leaders, thinkers, doers, innovators and students whose efforts help to ensure that women entrepreneurs are a vital part of the future. For more information, please visit www.prosperstl.com.
An industry game changer, RippleNami believes that, empowered with real-time, easily accessible information, people around the world can connect and foster positive change. RippleNami is redefining mapping with the first visualization platform that consolidates big data and provides information that really matters to users and their organizations. The Company’s cost-effective, device agnostic cloud-based platform delivers millions of real-time actionable data points on an intuitive map to customers across enterprises, nonprofits and foreign government agencies, enabling critical decision making and enhanced collaboration. With seamless integration, limitless customization and scalable architecture, RippleNami lets people chart their own world, streamlining communication and improving operational effectiveness. For more information about RippleNami, visit www.ripplenami.com.