The launch of Standard Chartered Bank’s cohort 4 programme SCWomeninTech

SCWomeninTech initiative by SCB

Karachi | 18 May 2022 | Hamariweb news desk | Standard Chartered Bank (SCB) in the collaboration with INNOVentures Global (Pvt.) Limited has launched a cohort 4 programme named SCWomeninTech.

SCWomeninTech is a tech initiative by SCB aimed to empower women and help Pakistan address gender disparity in the technology sector. Standard Chartered Women in Technology will also help women to learn to use the technology so that to face emerging social challenges they’re facing in recent times related to gaining excellence in the entrepreneurship activities and initiatives that they can take related to small and medium enterprises.

SCWomeninTech is an initiative that Pakistan’s one of premium commercial banks, Standard Chartered Bank, has taken with the collaboration of INNOVentures Global (Pvt.) Limited

The bank introduced cohort 4 of the programme named ‘SCWomeninTech’ in collaboration with INNOVentures Global (Pvt.) Limited – A venture platform that enables investors to fund commercially the innovative and entrepreneurial business ideas.

Pakistan is a country with a very diverse population. There are many different cultures and religions represented in the country. This diversity can be seen in the country’s workforce, where there is a great disparity in the number of men and women working in technology-related fields.

There are many factors that contribute to the disparity between men and women in the tech field in Pakistan. Some of these factors include cultural beliefs about gender roles, a lack of access to quality education and training, and the social stigma attached to women who work in technology-related fields.

SCWomeninTech will address these challenges and the initiative will work on capacity building for women-owned small enterprises. Though the initiative was initially launched in 2019 and around 66 female founders had graduated through this and 19 had also received seed funding, the bank said.

Commenting on the launch, the CEO at SC Bank Mr Rehan Shaikh said that SCWomeninTech would help remove barriers, provide opportunities, and further financial inclusion for women in the country. Which shows a big opportunity is waiting for women of Pakistan to take advantage and get the most out of the initiative.

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