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We want to show the world that self-funded, women-led Canadian companies like Scribendi are able to develop cutting edge AI technology that competes with VC-funded Silicon Valley firms.
CHATHAM, ON, September 05, 2019 /24-7PressRelease/ -- Scribendi is proud to be selected as a recipient of the Women Entrepreneurship Fund, a federal fund that aims to assist women entrepreneurs in growing their businesses and pursuing opportunities in domestic and global markets.
The Government of Canada is advancing women's economic empowerment with the first-ever Women Entrepreneurship Strategy. According to CBC News, this is a $2-billion investment that seeks to double the number of national, women-owned businesses by 2025.
Because of the Women Entrepreneurship Fund, Scribendi can continue developing the Scribendi Accelerator, the best tool for automatic grammatical error correction that uses artificial intelligence in the editing and proofreading field. The development of proprietary language technologies has consolidated Scribendi's position as a market leader and innovator in the field.
"We want to show the world that self-funded, women-led Canadian companies like Scribendi are able to develop cutting edge AI technology that competes with VC-funded Silicon Valley firms. The Women Entrepreneurship Fund will go a long way to helping us commercialize a new business line and expand our reach internationally, right here from Chatham, Ontario," says Patricia Riopel, Scribendi's President.
About The Women Entrepreneurship Fund
By addressing women's economic empowerment through initiatives such as the Women Entrepreneurship Strategy (the Strategy), Canada will have the potential to add $150 billion in incremental GDP by 2026 and reach its goal of doubling the number of majority women-owned businesses by 2025. As part of the Strategy, the Government is making funding available directly to women entrepreneurs through the Women Entrepreneurship Fund. The objective is to provide support for women to grow their businesses and facilitate their pursuit of opportunities in markets abroad. The Fund is a $20 million investment providing up to $100,000 in non-repayable contribution funding for 12 months.
Scribendi is an ISO 9001:2015-certified online editing and proofreading company dedicated to helping people reach their goals through the written word. With over 480 editors around the globe and thousands of clients, the company has a reach that extends worldwide. Scribendi's editors are aided by the company's devotion to the development of new technology that will enhance their editors' already formidable editing and proofreading skills by boosting the efficiency and consistency of edits; this technology allows Scribendi to deliver high-quality services every time.
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