FOR IMMEDIATE RELEASE: March 2, 2023
The Innovation Space™ Partners with The Fourth Floor to Address Gaps in Funding, Gender Wealth for Women in Sciences, STEMM
WILMINGTON, Del. — The Innovation Space ™ today announced that it has joined The Fourth Floor as a “Greater Impact Partner” to help address gender wealth and funding gaps by advancing for-profit board careers for women and supporting women founders in STEMM (Science, Technology, Engineering, Math and Medicine).
Women make up only 28% of the U.S. field in STEM, and gender and wage gaps are most prevalent in the fastest-growing, highest-paid industries such as engineering, according to AAUW, an organization working to advance gender equity for women and girls.
Bill Provine, Founder and CEO of The Innovation Space ™ said: “Our goal has always been to connect our clients to the resources they need to succeed, and partnering with The Fourth Floor is just one more way we hope to accomplish that while making strides for equity for women in STEM careers and the sciences.”
Through the “Greater Impact Partnership,” startups in The Innovation Space ™ ecosystem receive an annual membership on The Fourth Floor’s AI-powered matching and community platform, which provides access to The Fourth Floor’s network of well-qualified and diverse board candidates, investors, mentors, and job candidates.
The Partnership also includes:
- The opportunity to nominate board-ready women leaders from the greater Innovation Space network for 1-year free Board Candidate Memberships on The Fourth Floor to advance their board careers;
- The launch of a dedicated and co-branded “STEMM Startups” space on The Fourth Floor platform for STEMM founders, board-ready women, and investors to convene and share STEMM-specific resources; and
- Joint virtual programming events that address the development, funding, and/or commercialization needs of STEMM startups.
“We are thrilled to partner with The Innovation Space and offer access to our platform to their startups,” said Breen Sullivan, Founder, The Fourth Floor. “Our aim is to empower women and amplify their voices as leaders in their field. In the male-dominated STEMM industry, this amplification is indispensable.”
The Innovation Space™ is a not-for-profit innovation ecosystem and is a virtual and physical home for leading science entrepreneurs. The Innovation Space™ works to “transform science and technology startups into industry leading companies.” Located on the historic Experimental Station campus in Wilmington, Delaware, The Innovation Space™ is comprised of 130,000 ft2 of state of the art lab and office space with access to cutting edge equipment alongside a suite of entrepreneurship programs and opportunities supporting startup growth. Register for more information and updates to learn more about all The Innovation Space™ programs and funding opportunities.
About The Fourth Floor (www.thefourthfloor.com):
The Fourth Floor works to close the gender power, wealth and funding gap by advancing for-profit board careers for women, supporting women-led startups and funds, and providing women opportunities to invest in other women. Specifically, The Fourth Floor matches forward thinking startups and companies to board-ready women in a trusted, efficient and cost-effective way to disrupt the traditional board search process and overcome systemic barriers that have kept women out of the board candidate pipeline.
The Fourth Floor also matches under-represented founders and fund managers with women angels and LPs because women invest differently than men, and that difference will unlock a missed opportunity worth trillions of dollars. Attend a platform tour to learn more about the 800 ecosystem companies, 1,500+ board-ready women and 100+ women-led funds and investors currently benefitting from The Fourth Floor Board Seat Exchange, Private Investment Club, Job Board and Membership Community, and whether membership might be right for you.