Mayor Kevin Faulconer this week presented Hera Labs, a female-focused business accelerator, with a $30,000 city grant.
“San Diego is at its best when every resident has the opportunity to succeed,” Faulconer said. “Hera Labs gives female entrepreneurs a chance to learn the skills they need to start or grow businesses that can benefit men and women alike.”
Hera Labs has helped launch more than 70 startups, grow more than 100 small businesses and create more than 80 jobs in San Diego, according to the nonprofit organization.
The grant will be used to host 12-week business accelerator programs, business labs on topics such as marketing and intellectual property, startup pitch contests and the organization’s annual investment conference, Hera Venture Summit. The money will also be used for need-based scholarships to the accelerator programs, according to the nonprofit organization.
“Women contribute significantly to San Diego’s startup ecosystem and we’re honored that the City of San Diego is helping to sustain and grow opportunities for female-led startups,” said Silvia Mah, Hera Labs’ founder.
The third annual Hera Venture Summit is slated for Sept. 17. According to the organization, last year’s event resulted in more than $100,000 in angel investing deals.