Prosper Women Entrepreneurs has announced the formation of an accelerator program aimed at closing the entrepreneurial gender gap in St. Louis.
Prosper will begin taking applications in September from technology, life sciences and consumer product companies led by women. The program will invest $50,000 in each of 12 women-owned companies, and those companies will then go through three months of mentoring.
St. Louis-based venture capital firm Cultivation Capital will provide back-office support for Prosper. Jennifer Ehlen, the chair of Prosper, said she started the group after seeing St. Louis’ low ranking on a list detailing women’s economic clout.