Bitget, a cryptocurrency exchange and Web3 company, launched the Blockchain4Her initiative aimed at promoting gender diversity and inclusivity in the blockchain industry, with a commitment of USD 10 million.

The announcement was made at the Web3 Hub Davos event hosted by CV Labs, at the 2024 World Economic Forum, where Bitget showcased its commitment to encouraging female entrepreneurship and recognized the achievements of women in the blockchain and Web3 space.

Despite industry progress and increased inclusivity, significant gender bias remains. A recent study conducted by Bitget revealed limited gender diversity in the blockchain funding market, showing that female-led blockchain startups only raised 6% of the total

In a forward-thinking and global blockchain-based economy, the prevalence of gender bias that significantly limits opportunities is an unacceptable problem. Initiatives like Blockchain4Her aim to address this gap.

By highlighting the challenges faced by women-led startup companies, Bitget aims to raise awareness and encourage collective efforts to create a more inclusive funding landscape.

Blockchain4Her Key Initiatives:

Women Entrepreneur Incubation Program and Pitching Competition: Bitget will launch an incubation program specifically designed for women entrepreneurs. These programs will provide comprehensive support, guidance and resources, empowering women to navigate and succeed in the blockchain industry. Additionally, Blockchain4Her will host a pitching competition for women-founded startup companies, offering them a platform to showcase their innovations and secure potential investment.

Women in Blockchain Summit & Awards: Blockchain4Her will feature an exclusive experience called the Women in Blockchain Summit & Awards, which serves as a platform to celebrate and recognize the extraordinary achievements of women in the blockchain field. The meeting aims to create networking opportunities for female professionals, encourage collaboration and build community.

Ambassador program: Bitget will also invite industry leaders to join as ambassadors for its Blockchain4Her program, which supports gender diversity in blockchain. Ambassadors will advocate, engage, and drive positive change, as well as foster an inclusive environment.

Bitget’s Blockchain4Her initiative builds on the success of the Blockchain4Youth program and the Bitget Builders Blockchain4Youth Program, and with an investment commitment of USD 10 million over the next five years, has played an important role in inspiring young people to embrace blockchain technology. Bitget’s efforts to provide fair opportunities and promote financial inclusivity are at the heart of this initiative.

“In a rapidly evolving industry, diversity and inclusion are critical for continued growth. Blockchain4Her reflects our dedication to bridging the gender gap in the blockchain industry. Through incubation programs, pitching competitions, and awards events, we aim to empower women to take on “Leading role in the field of Web3 and blockchain. This initiative is in line with our broader vision to create a more just and inclusive future through the power of blockchain,” said Gracy Chen, Managing Director of Bitget, in a statement received by TechGuy.