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Astia’s mission is to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. The Astia method is designed for entrepreneurs by entrepreneurs who understand the value of extraordinary relationships and believe in giving back.
Since 2003, we have worked with over 250 women-led companies that have:
Astia companies are more successful due to the expertise and reach of the community. Due to the breadth and depth of the community, Astia is able to focus on the three fundamental elements of success for high-growth startups:
Our community and programs deliver tangible results including:
Astia is a connected global community dedicated to the success of women-led, high-growth ventures. Astia’s mission is to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. The benefits are three fold:
Primarily through referrals from Astia portfolio companies, serial entrepreneurs, angels, VCs, law firms, other service providers, our Advisor community, and others who know the value we provide. All applicants to Astia are screened first online and then in-person by the community of industry experts. To be invited, a company is typically referred and must pass both screenings as well as engaged in a productive feedback session. If you wonder if you should apply, answer these questions:
Consider applying now - and let's get started!
Not at all. All companies we work with have both women and men in their senior management teams. And our mentor teams are similarly diversified. We invite VCs to review our companies, to speak on one of our many panels, to participate in workshops, and to attend our Venture Conference. We are fortunate that a number of VCs are actively engaged as members of our Mentor Network, Executive Council, Advisory Board and Champion Circle. We do not provide offices. We work exclusively with companies we select in a highly selective process, whereas incubators typically work with companies that rent space. In addition, we provide Astia Portfolio companies with unlimited professional expertise through our more than 1,100 member global Advisor Network. We are able to attract successful professionals to be Astia Advisors because of:
Most mentoring organizations are focused on the individual. We are focused on the success of the whole company; advice and expertise is made available to all team members. Astia Advisors are asked to provide guidance to drive to key business milestones that have been identified during the screening and selection process. Advisors work in teams to ensure broad as well as deep expertise. Astia works with companies on:
Astia's Advisors are interviewed to ensure they are aligned with our mission and they work in teams to ensure breadth as well as depth of expertise. The Advisors also access their networks for our companies, and this enables us to have the right resources at the right time. The Astia Investor Forums raises the profile of women-led companies and provides a platform that produces results for the investment community. Astia companies also present at other Forums to increase their exposure. Astia is a 501c3 not-for-profit organization that is generously supported by - and our offering for entrepreneurs is heavily subsidized by - committed individuals, foundations, and corporations. Most notably, in 2010 Astia received a $500,000 commitment from the Ewing Marion Kauffman Foundation. To see our full list of sponsors, visit our sponsor section of the website>> To make your own donation in support of this work, click here>>
They are statistically less likely to be funded and thus, why we exist. The Astia community is focused on providing women entrepreneurs and women innovators with necessary access to business networks and opportunities to become dominant market players. Women uniquely need: Access to Networks - In the societies Astia works (North America, UK/Europe, India), men and women are still by-and-large in separate business networks. 95% of VC partners and 85% of Angels are men. VC and Angel investment relies heavily on trusted business relationships - often for early stage investors, the only risk that can be mitigated is that of the individuals involved and if they are known to the investor. Trusted business relationships are always going to win in this scenario. Therefore, you can see how within the high-growth space, groups (men and women) who are not naturally in each others' networks, will suffer as a result. Entrepreneurs will suffer because they will lack access to capital. Investors will suffer because they will lack access to the full compliment of deals. Astia sees this is a societal issue, not one of VC or Angel per se. Access to Opportunity - Women still self-assess differently then men and as a result, aspire differently. We are often exposing women to the opportunity of high-growth entrepreneurship as opposed to small business enterprise. We are also showing them how their prior experience maps to becoming a high-growth entrepreneur (this is especially the case with women scientists and technical experts). There are many great women organizations supporting entrepreneurs. Most are focused on non-tech areas, where there is a much higher participation by women or are purely focused on networking or mentoring. A wonderful and positive impact, VCs are honored to be recognized
as contributing to the larger picture at the same time as making good
investment. We know have VCs coming up and stating proudly how many
women they have in their portfolio
The Awards has also increased the visibility of the low number of women CEOs in VC invested companies, for 2006 only 4.3% of investments made had a woman CEO which is down from 7.5% in 2002. We have just changed our name to Astia from the Women's Technology Cluster. Although it is a large change there is no change in our mission, it reflects the growth of our mission.
Our tag line "where women innovators succeed" endorses a bigger scope and summarizes what we achieve. The Women's Technology Cluster no longer adequately described who we are. Women - we are really about women and men working together - not building a silo for women, but focused in integration. Women so boldly in the name disenfranchises the men who are also in our community and ecosystem. Technology is typically interpreted as referring to high technology which is where we started. Now we are encompassing all forms of technological innovation, including biotechnology, med tech and clean tech. Cluster was appropriate when we had principally on site portfolio companies, but we have now moved completely away from this.
Goal of Change The name change in no way impacts our mission which will remain the same with a clear focus on women-led companies across all areas of technology.
Latin origins of Astia Astrum - star, an allusion to the rising star of women entrepreneurs Astia - Where Women Innovators Succeed |