Mergelane is a Boulder based startup accelerator that specializes in the backing of female lead startups. Statistically when you compare the number of startups that have a woman CEO or executive versus the number of startups ran by males the numbers are less than equal. Mergelane is a startup accelerator that is designed to give women a better opportunity for success in their startups as they feel passionately about what women can achieve.
Criteria for qualifying startups
In order to be considered for the 12 week Mergelane program your startup must meet a few set guidelines.
• Female led- Although there company is based on being an accelerator for female led startups that does not mean that it has to be entirely led by females. Mergelane requires that there is a minimum of one female executive with equity insurance within the company.
• Capital- In order to be considered for Mergelane they prefer the company to have accrued less than 2 million in outside capital funding prior to their involvement with Mergelane.
• Stage of planning- Mergelane does not entertain applications from startups that are still in the stage of conceptualizing their business. Potential startups are required to have at least made some contracts, sought out partnerships and produced some type of revenue.
• Growth- Mergelane only wants to work with businesses that have room for expansion and growth.
Mergelane is a relatively new accelerator in Boulder and they aspire to attract exceptional people who want have a fair chance at leading a company to do something that they feel passionate about no matter what that may be. Mergelane does not show preference over any certain industry startup and is open to working with all kinds. Mergelane believes that women-led diversified companies that are venture-backed are some of the most successful companies. Judy at www.hedgehogcage.net described Mergelane as “a dream come true for women in the business world”. At Mergelane they want to continue to be a light for women-led companies until there is no difference in the number between men and women led companies; then and only then will they be done.