Venture Capital

Equity Initiative Formed By Melinda Gates And Mackenzie Scott Lands $10M More In Funding

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The Equality Can’t Wait Challenge announced $10 million in new funding Tuesday, bringing the total grant package to $40 million. The gender equity initiative backed by Melinda Gates and MacKenzie Scott (formerly Bezos) will begin accepting applications Sept. 1. The additional funding comes from the Charles and Lynn Schusterman Family Foundation. Melinda Gates’ philanthropic firm, Pivotal Ventures, announced the challenge in June as part of a broader $1 billion equality initiative. The challenge will award grants of at least $10 million each to the winning proposals with “transformational” ideas for improving gender equality.