Organization: Women's Technology Cluster
Project: Matching Grant for Spin Off
Award Date: December 2002
Award duration/amount: 1 year, $50,000 total

On March 31, 2003, the Three Guineas Fund and the Women's Technology Cluster (WTC) completed a six month transition establishing the WTC as an independent non-profit organization with its own governing board and executive leadership. In December 2002, the 3GF signed a matching grant agreement with the management of the Women's Tech Cluster.

The Three Guineas Fund launched the Women's Technology Cluster in 1999 as an entrepreneurial model for creating economic opportunity for women. Three Guineas provided the WTC with financial support, fiscal sponsorship, management services and space. Since 1999, the WTC has become a hub of women's entrepreneurship in the San Francisco Bay Area, and incubated 45 companies that have raised over $100 million. In 2002, Three Guineas extended the WTC model to provide incubation opportunities for social entrepreneurs, through the Social Entrepreneurship Incubator (SEI). As part of the transition to an independent 501(c)(3), the WTC and SEI will be moving to downtown San Francisco offices in Summer 2003.

Jennifer McFarlane
Chief Executive Officer
(415)421-5500
www.wtc-sf.org