DreamIt Ventures to launch program for women founders: DreamIt Athena - Technical.ly Philly


Nov. 6, 2014 10:18 am

DreamIt Ventures to launch program for women founders: DreamIt Athena

The state-backed program will offer special resources to women entrepreneurs, like mentoring from women founders, introductions to female investors and possibly a voice-coaching class.

At an Alliance of Women Entrepreneurs event.

(Courtesy photo)

DreamIt Ventures is launching a new program to get more women founders into its accelerator.

It’s called DreamIt Athena and it’s backed by a state grant of more than $490,000. It will launch in the spring of 2015 in Philadelphia.

Apply by Dec. 8

The program is a way for DreamIt Ventures to figure out how to tackle the gender inequality problem in tech, said DreamIt’s Karen Griffith Gryga.

“There’s so much talk in the press about this issue, and there’s a lot of theories,” Gryga said. “But there isn’t a lot of answers.”

With DreamIt Athena, DreamIt Ventures will offer special resources, like mentoring from women founders, introductions to female investors and possibly a voice-coaching class (here’s why), and see which ones are effective in helping female founders succeed.

Bringing in female mentors will be key, Gryga said.

Gryga did an informal poll of female DreamIt founders and said they told her, “Bring me female mentors and advisors and people I can look up to as people that have been there.”

In the past, DreamIt never filtered for gender when it came to searching for mentors. It was all domain-specific, she said. With DreamIt Athena, that will change.

Archna Sahay, who launched the Female Founder Network earlier this year, will run operations for DreamIt Athena. She recently left her job as a financial advisor at Morgan Stanley.


DreamIt Athena is another program from DreamIt Ventures that aims to break the mold of the white male founder. The accelerator launched DreamIt Access, a minority entrepreneurship program backed by Comcast Ventures, in 2011. That program will continue to run in 2015.


The state funding for DreamIt Athena is for two cycles of the program, but Gryga said DreamIt hopes to find a corporate partner to sponsor DreamIt Athena going forward.

The program will accept, at minimum, four women-led startups, though that number could go up, based on which startups are qualified. (This DreamIt Philly cycle has four women-led startups, the most ever for the Philly classes of the accelerator.)

Gryga said she hopes DreamIt Athena will also “put Philly on the map as a place that is a female founder region.”

And, as a piece of context: West Coast accelerator Y Combinator released data on their founder breakdown last summer. 20 percent of Y Combinator startups were led by women.

Already a member? Sign in here


It looks like Girl Develop It’s Philly chapter is back up and running

Collective Strength aims to be Philly’s no-BS networking meetup for women

Women tech founders: Collaboration can help shrink the venture capital gap



Why working with the University City Science Center was a game changer for 4 Philly startups



UX Designer

Apply Now
Chesterbrook, PA


Inside Sales Representative

Apply Now
Horsham, PA

Penn Mutual

Software Engineer-Java

Apply Now

For Women in Tech Soiree’s fifth year, a focus on job creation

AI, medical devices and sports tech startups land in NextFab’s accelerator

Yes, Julia Child can be a role model for women in tech



Take a peek at the opportunities popping up at PromptWorks

Ambler, PA


Data Engineer

Apply Now
Center City


Product Manager – Sales Tools

Apply Now
Center City


Member Experience Specialist

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!