To find out which technologies will impact our lives in the future, we give you data-driven innovation insights into startups that change our society for the better. This time, you get to discover 5 hand-picked startups working on transgender equality.
Global Startup Heat Map: 5 Top Startups working on Transgender Equality
The 5 startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 70 companies we analyzed for this specific topic.
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Euphoria supports Gender Transition Planning
When considering gender transition, individuals face various challenges, including legal, medical, societal, and career decisions, among others. Besides, the high cost of gender-affirming surgeries nowadays requires careful financial planning. Startups and emerging companies intervene to help people undergoing gender transition with setting and tracking their goals, as well as planning their finances.
The US-based startup Euphoria creates a series of tech solutions for transgender people. Their core product, Solace, is an AI-mediated encrypted mobile app that allows individuals to plan and monitor the lifestyle, medical, and legal objectives of their gender transition. The free version facilitates a personalized transition journey with clear objectives and recommended content, while Solace Plus offers premium playlists and support in finding lawyers, surgeons, or other related services. The startup’s second solution, Bliss, is a companion financial app for Solace that helps transgender people manage their savings for gender-affirming surgery. It utilizes round-up and lump-sum investing algorithms, as well as engages mutual funds to incentivize savings and accelerate goal-driven accumulation.
Plume arranges Personalized Hormone Therapy
In order to mitigate the effects of gender dysphoria, individuals resort to gender-affirming hormone therapies. However, due to the prevalence of social stigma and transgender bias in healthcare, people encounter restrictions in getting proper hormone treatment. Startups and scaleups utilize precision medication solutions to deliver appropriate and ethical hormone therapies for gender affirmation.
The US-based startup Plume combines telehealth and personalized medicine to increase the accessibility of eligible hormone therapy for transgenders. People download the app, define their goals, and fill out the necessary forms. Then, together with a medical provider, they develop a personalized hormone treatment and lab monitoring plan, eventually receiving prescribed medications. The app enables a high level of security for sensitive medical information and establishes firm connections with transgender-friendly medical providers.
Crescendo facilitates Inclusion Management
Despite an increasing relevance of transgender inclusion issues, many organizations still lack well-organized diversity policies and corporate cultures. Startups build gamified AI-based applications that help employers and employees build a corporate culture that embraces diversity and eliminates bias. Furthermore, startups and scaleups develop inclusion management solutions that aid in planning, tracking, and analyzing the effectiveness and proper implementation of transgender-inclusive organization policies.
Canadian startup Crescendo develops Crescendo Analytics, a real-time EdTech platform for inclusivity management within organizations, including topics of transgenderism, as well as gender, racial, or ethnic identities. The platform provides curated content for organizations, assists in tracking their diversity goals, collecting and analyzing data, and supports company’s that advocate inclusion. In addition, the Crescendo Moments platform caters to employees separately by creating individual learning paths, monitoring progress, and giving personalized recommendations.
Extraqueericular builds a LGBTQIA+ Community Marketplace
Undergoing and enduring gender transition challenges on one’s own is a difficult task. Startups and scaleups, therefore, develop technology-mediated social communities that connect like-minded individuals during their gender transformation for communication purposes. In addition, they build online LGBTQIA+ marketplaces to facilitate social selling, exchange housing recommendations, or share mobility means.
British startup Extraqueericular develops a community-driven social and commercial marketplace for transgender people as well as the broader LGBTQIA+ community. Their tech-based marketplace helps individuals find inclusive accommodation, book LGBTQIA+-friendly photography, web development, or other services, as well as buy tickets for queer events. On a strategic point, Extraqueericular promotes transgender-friendly businesses and offers them a dedicated platform to engage and sell to their community.
PeriFerry develops a Transgender Job & Upskill Platform
According to the National Center for Transgender Equality, more than 70% of trans people are discriminated against in some form at their workplace, in addition to more than 20% losing their jobs because of social stigma. Hence, the question of transgender-friendly workplaces today becomes relevant for many businesses. Startups and emerging companies develop transgender-oriented job platforms, where people obtain the opportunity to find transgender-inclusive employers. The platforms also allow companies to declare and promote their diversity-embracing stance.
Indian startup PeriFerry promotes workplace equality for the trans community with its transgender-inclusive HR platform. It allows individuals to search and apply online for work placement in LGBTQIA+-friendly companies. In addition, PeriFerry organizes sensitization workshops for businesses and coaches them on becoming transgender-inclusive. Additionally, it conducts upskill sessions for trans individuals to prepare them for current and future positions.
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