The Tory Burch Foundation has recently introduced its Funding Finder tool, an interactive platform designed to help women entrepreneurs explore various capital options and resources tailored to their businesses. The launch of this innovative tool aims to bridge the knowledge gap in funding opportunities, assisting female founders in selecting the most suitable financial solutions to grow and expand their ventures.
Laurie Fabiano, the president of the Tory Burch Foundation, highlighted the organization’s decision to create the tool as a response to the challenges women entrepreneurs often face when seeking capital. With the Funding Finder, users can access information on loans, grants, and even take a quiz that offers personalized recommendations, such as debt financing, community development financial institutions (CDFIs), banks, bootstrapping, family and friend funding rounds, or crowdfunding.
Since its inception in 2009 by fashion icon Tory Burch, the Tory Burch Foundation has been committed to supporting women entrepreneurs through various initiatives, including its fellowship program offering educational grants, networking opportunities, and business advice. The organization has also partnered with the Bank of America Capital Program to provide affordable loans to women founders. The development of the Funding Finder tool marks the foundation’s latest effort to facilitate financial equity for female entrepreneurs.
As the funding landscape for women remains imbalanced, Fabiano envisions the Funding Finder tool as a catalyst for change. By gathering data and insights from the tool’s users, the Tory Burch Foundation aspires to challenge the biased system and promote a more equitable distribution of capital in the startup ecosystem.