January 31, 2011 (Mountain View, CA) – Fenwick & West is proud to announce that its long-term community partner, Astia, was selected as an inaugural member of the White House's "Startup America Partnership." Announced today by the White House, this initiative brings together top entrepreneurs, start-up firm funders, CEOs, university presidents, foundations, and other leaders in order to increase the success of entrepreneurial companies and private investments in the United States.
Astia, with the support of Fenwick & West, has committed to doubling the number of entrepreneurs served by Astia's programs, which focus on women entrepreneurs. Fenwick & West began partnering with Astia in 2005 in order to support Astia’s goal of promoting women's participation as entrepreneurs and leaders in high-growth businesses.
The funding that Astia received will be used to:
- Inspire a new generation of women entrepreneurs who will drive innovation, generate new jobs and create wealth.
- Enable women to participate more fully in the acceleration of innovation in high-tech, clean tech, life sciences and other high-growth businesses (and sectors where women remain sorely under-represented).
- Further advance the cause of entrepreneurship through education, mentoring, infrastructure, resources for the benefit of women entrepreneurs.
- Promote women's entrepreneurship globally via the Astia worldwide network.
Astia is a global not-for-profit organization with a distinct focus and mission – to uniquely source innovation by propelling women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Guided by a proven philosophy that gender diversity is an essential element of innovation, Astia works with start-ups around the world as they access capital, grow their businesses, and hone the leadership skills of their founding teams. The Astia model of engaging a community of experts to the benefit of the select start-ups it serves has resulted in an exceptional success rate: since 2003, 60 percent of companies that have participated in the Astia Investor Forums have secured funding or achieved an exit within one year of presenting, totaling more than half a billion dollars raised and 17 exits, including two IPOs. Headquartered in San Francisco, Astia delivers programs for entrepreneurs in Silicon Valley, New York, London and India. For more information, visit www.astia.org.
About Fenwick & West
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. Fenwick is committed to providing innovative, cost-effective and practical legal services that focus on global technology industries and issues. We have built internationally recognized practices in a wide spectrum of tax, litigation, corporate and IP areas. We have also received praise for our innovative use of technology, our pro bono work and diversity efforts. We differentiate ourselves by having a deep understanding of our clients' technologies, industry environments and business needs. For more information, visit www.fenwick.com.