Ten companies that have been selected for a new startup incubator are committed helping millions out of poverty and empowering young women.
The Girl Effect Accelerator, launched Thursday by the Nike Foundation and the Unreasonable Group, will mentor a cohort of companies that are all dedicated to the hundreds of millions of girls who live in poverty globally. For two weeks they will gather to grow their businesses — but not just because fighting poverty is the right thing to do. As research continues to show, educating, supporting and protecting girls in the developing world is a catalyst for larger, long-term solutions in their embattled communities.
So, when it comes to solving big problems, girls are an essential part of the solution. It's what the Nike Foundation calls "The Girl Effect."
That's why, along with the Unreasonable Group, it has identified 10 companies for its accelerator, each dedicated to the Girl Effect movement, a series of initiatives that has focused on empowering adolescent girls since 2008. Each organization chosen to participate in the incubator has demonstrated a proven, "logical path to achieving the impossible" to "change the trajectory of global poverty," Daniel Epstein, CEO and founder of the Unreasonable Group, said in an interview.