Entrepreneur
Defunding equity: The Big Beautiful Bill and the broader crisis in women’s health innovation

By Melissa Wallace, CEO & Founding Partner, Fierce Foundry
Imagine if half the population were quietly being cut off from funding, resources, and opportunity. No protests, no headlines—just policies dressed up as reform.
For women, and for those building what little infrastructure exists to support us, this isn’t fiction. It’s policy in action.
Funding is quietly frozen. Grant programmes disappear overnight. Tax policy gets “revised.” And somehow, always, it’s the programmes that support women’s health, economic mobility, and safety that end up on the chopping block.
It’s important to share what this really means but also identify ways we can push back.
A Coordinated Attack Disguised as ‘Efficiency’
Earlier this year, the Department of Justice’s Office on Violence Against Women pulled all open funding opportunities from its site with zero warning.
At the time of writing, the OVW’s homepage showed no active grants available, an eerie confirmation of the freeze.
This isn’t theoretical. These are grants that keep crisis hotlines open. That put lawyers in courtrooms to help women file restraining orders. That ensures shelters can literally keep their lights on.
Then the only federal program focused solely on family planning, Title X, froze $65 million in funding. Again, just look at their homepage.
Providers forced out because of a revived gag rule. Entire counties with no reproductive health access. Proving again, this is not just about budgets.
And more importantly, there’s the NIH.
What was and should always be the gold standard of American medical research, the NIH is now being slowly gutted from the inside out, facing capped indirect costs, grant freezes, and the loss of over 1,000 employees.
Research on maternal mortality, reproductive health, and gender-based health disparities is stalled or abandoned at a time when women’s health outcomes in the U.S. are already in crisis.
Grad programs are pausing admissions. Institutions are rescinding job offers.
It’s crazy to think that if your research centers on women, you’re no longer a priority.
Female Founders Are Feeling It Too
At our Venture Studio, Fierce Foundry, we co-build FemTech companies led by women, so we see firsthand how policy disruptions are stifling innovation.
Leslie Feinzaig at the Female Founders Alliance recently surveyed hundreds of women entrepreneurs. The numbers are brutal:
- 47 per cent say today’s economy is hurting their business, not because their ideas are weak, but because they’re navigating a toxic mix of cautious buyers, inflation, and frozen grant programmes.
- 46 per cent say the political climate is actively harming them, with NIH, DoD, and EPA listed as the most disrupted funding sources.
- Even those who raised money in early 2025: 48 per cent still report negative fallout because the ground keeps shifting beneath them.
We’re not witnessing random cuts. We’re watching a playbook unfold.
When the only thing more unstable than the market is the government meant to support it, you create an environment where risk tolerance drops to zero, and guess who pays the price in a system already biased against women?
Enter H.R.1, the Velvet Hammer
Otherwise known as the ironically named “One Big Beautiful Bill Act”, Congress recently passed H.R.1, a 600+ page legislative mic drop wrapped in “anti-corruption” branding.
In reality, it’s another blow to the nonprofit and startup sectors, especially the ones working in women’s health, climate, education, and equity.
This new law:
- Complicates how nonprofits advocate, effectively muting mission-driven organisations with compliance red tape
- Disincentivises charitable giving by eliminating the universal charitable deduction
- Weakens the Johnson Amendment, opening the door to political manipulation inside nonprofits
Layer this over the already shaky landscape created by the administration’s targeted funding cuts, and you get what looks a lot like a strategic dismantling of the nonprofit sector, death by a thousand policy decisions.
This Isn’t Just Budgeting—It’s a Turning Point
It’s tempting to see these cuts as routine cost-saving measures.
But the patterns tell another story, and it demands our attention.
When funding consistently disappears from domestic violence shelters, reproductive healthcare, scientific research, and community-led nonprofits, we have to ask:
What kind of future are we shaping?
When accountability measures are framed as anti-corruption but silence the very voices meant to advocate for equity, it’s not just government that shrinks, it’s trust, access, and progress.
And those bearing the brunt? Women. Especially women of colour. Especially those building solutions in sectors already under-resourced. Especially those who believed our public systems were meant to include them.
But here’s the opportunity: recognising these patterns allows us to shift course. To build systems that are transparent, equitable, and truly serve the public good.
We have a chance to reimagine not just restore what support for women can and should look like.
So What Now?
This is our moment of reckoning and of responsibility.
If you’re outraged, good. But outrage without action changes nothing.
Call your representatives. Ask them where they stand on funding for the NIH, Title X, and nonprofit protections.
Demand they reverse the cuts that are crippling women’s health and innovation.
Join organisations like the National Council of Nonprofits, League of Women Voters, and Protect Our Care that are tracking these shifts and mobilising action.
Subscribe to policy trackers like G2G, and stay engaged on federal rule changes
affecting women’s health innovation.
Support women-led startups and nonprofits, especially the ones filling gaps left by the government.
And if you have a platform, use it.
Encourage your company to support advocacy coalitions or match donations to affected nonprofits.
The future of FemTech depends on more than great ideas and breakthrough science, it depends on a system willing to invest in women’s health, protect equity-driven founders, and fund the research that saves lives.
When the scaffolding holding up women’s progress collapses, it’s not just women who fall; it’s all of us.
Research proves that when women are economically empowered, communities thrive.
Countries with greater gender equality have stronger economies, healthier families, and more resilient democracies.
When we support women, we don’t just protect half the population; we invest in the whole.
References
- “Trump DOJ freezes domestic violence grants, leaving shelters and legal services scrambling”
Politico, March 1, 2025
https://www.politico.com/news/2025/03/01/funding-freeze-domestic-violence-00206807
- “Trump administration halts Title X family planning funding in 23 states”
TIME Magazine, April 2025
https://time.com/7276543/title-x-funding-freeze-threatens-states
- “Planned Parenthood Faces Steep Financial Losses Amid Trump Budget Cuts”
Wall Street Journal, May 2025
https://www.wsj.com/politics/policy/planned-parenthood-abortion-trump-supreme-court-a0c54920
- “Second Presidency of Donald Trump” (NIH Grant Freeze and Layoffs) Wikipedia summary based on multiple government sources, 2025 https://en.wikipedia.org/wiki/Second_presidency_of_Donald_Trump
- “I Am Seeing My Community of Researchers Decimated” The New Yorker, February 2025
https://www.newyorker.com/news/deep-state-diaries/i-am-seeing-my-community-of-researchers-decimated
- “Trump Administration Slashes Millions in NIH Funding for Maternal Health, HIV, and Other Research”
Protect Our Care, 2025
https://www.protectourcare.org/its-a-bloodbath-trump-administration-slashes-millions-in-nih-funding
- “2025 Female Founder Sentiment Survey”
Female Founders Alliance / Leslie Feinzaig, Q2 2025
(Direct data provided – no public link currently available)
- “New Tax Law Threatens Nonprofits’ Ability to Serve Communities” National Council of Nonprofits, April 2025
- “Congress Passes Major Tax Package—Nonprofits Directly Impacted” National Council of Nonprofits, April 2025
- “4 Key Elements of H.R.1”
League of Women Voters, March 2025
https://www.lwv.org/blog/4-key-elements-hr1
11.“Trump’s War on the Nonprofit Sector”
The Guardian, April 2025
https://www.theguardian.com/us-news/2025/apr/10/trump-administration-authoritarian
Entrepreneur
Korea’s Femtech Industry Goes Global as Vespexx Hosts Korea Femtech Summit 2026

From AI embryo analysis in India to couples fertility care launching in the US, Korea’s women’s health startups are going global, and US investors are taking notice.
Vespexx, the femtech company behind couples preconception health platform Soonr, hosted Korea Femtech Summit 2026 on June 30 in Seoul, convening founders, clinicians, and investors from Korea, Singapore, Canada, and Japan to map the global expansion of women’s health technology.
A panel moderated by Kakao Ventures’ Jade Chung, an OB/GYN-turned-investor, captured the summit’s central theme: Korean startups taking on the world. On stage were three companies already building well beyond Korea. Vespexx, led by Co-CEO Scarlett Joowon Jung, is entering the US with Soonr; Kai Health, founded by CEO Hyejun Lee, has deployed its AI embryo-analysis software across more than 120 fertility clinics in India; and Endo Health, represented by the Head of Design Karlie Hyeonjeong Koo, has built Glow, an AI coaching app whose user base is 98% women and which is backed by US investors including a16z. Together they discussed what it takes for Korean startups to compete globally, where AI creates a real edge, and whether “K-femtech” can follow the path of K-beauty onto the world stage.

The program spanned the full arc of women’s health technology. Lindsay Davis, founder of FemTech Association Asia, opened with a look at where Asia’s femtech stands today. Dr. Juhye Lee of Ewha Womans University Mokdong Hospital offered a clinician’s view of how patient needs are shifting, arguing that women’s health is expanding beyond pregnancy and treatment toward care across the entire life course. Boram Bae, Head of Digital Health PM Part at Samsung Electronics spoke to how a consumer platform at global scale can connect women’s everyday health data with life-stage care. And Rimi Lee, head of the Femtech Center at KOSDAQ-listed diagnostics company Sugentech, traced the evolution of hormone testing from results read by eye to AI-assisted analysis, and pointed toward wearable continuous hormone monitoring as the next frontier.
Vespexx Co-CEO Scarlett Joowon Jung presented the company’s “dyadic health” approach on their ‘Soonr’ app, which brings both partners into fertility and preconception care rather than tracking a woman’s data alone, an approach validated by their legacy product, Signaling’s 800,000 users across Asia, as the company prepares for US launch.
The summit also featured Rachel Bartholomew, the Canadian founder of Hyivy Health and Femtech Across Borders, who built her pelvic-health company, and Megumi Kimura of the Japan Women’s Health Innovation Association, who outlined the investment and business models driving Japan’s fast-growing femtech market.

At the summit, Vespexx also announced the launch of Femtech Korea, an industry network intended to connect Korean femtech companies with global markets and partners, and to serve as a bridge for cross-border collaboration.
“Korea has world-class healthcare technology, but femtech has been one of its best-kept secrets,” said Scarlett Joowon Jung, Co-CEO of Vespexx. “The companies on this stage are proof that’s changing. We’re not just building for Korea anymore, we’re building for the world, and we want US partners and investors to be part of that.”
Korea Femtech Summit 2026 was hosted by Vespexx and co-hosted by FemTech Association Asia. The summit was sponsored by Sugentech, with additional support from Innerness and Octolabs.
About Vespexx
Vespexx is a Korean femtech startup and subsidiary of KOSDAQ-listed biotech Sugentech. The company operates Soonr Health, a couples-focused preconception health platform, and its earlier product Signaling has accumulated over 800,000 users. Vespexx is currently expanding into the North American market.
About Femtech Association Asia
FemTech Association Asia is the region’s first and largest specialist advisory and industry network for founders, investors, corporate partners, and ecosystem contributors, with a core focus on improving women’s health through technology solutions.
Entrepreneur
Xella launches AI-powered precision health platform

Xella Health has launched what it calls the first AI precision health platform built for the XX chromosome.
The company says it aims to address a lack of diagnostic precision and clinical research focused on female biology.
Women make up half of the population and account for 80 per cent of consumer healthcare decisions, but research into women’s health has historically received less funding than male-focused studies.
Kelly Lacob, Xella Health co-founder and chief executive, said: “Women have been trapped in a diagnostic dark age experiencing debilitating symptoms like severe period pain, bloating and GI issues, exhaustion, and brain fog, routinely dismissed by the healthcare system.
“This dismissal results in women being diagnosed four years later than men, on average, for the same conditions, and a seven-to-10-year delay for women to receive an accurate diagnosis for conditions like endometriosis.
Stalling necessary care and treatment results in prolonged suffering with chronic pain, heightened infertility risks, and declining mental health.
Xella is here to replace the systemic medical gaslighting women have endured for generations.
We are handing women the evidence and information they need to advocate for themselves and secure faster, accurate diagnoses before early-stage conditions spiral.”
Xella says its AI examines billions of data points from clinical information and multi-omic biomarkers to assess the probability of more than 130 conditions specific to female biology.
Multi-omic data combines information from several biological areas, including genes, proteins and hormones.
The conditions assessed include polyendocrine metabolic ovarian syndrome, or PMOS, formerly known as polycystic ovary syndrome, as well as perimenopause and endometriosis.
Xella was founded by Lacob, Adriana Dantas and Dr Jesus Ching, who developed the concept while working together on molecular diagnostics at Mammoth Biosciences.
The founders say the platform is designed to provide information about possible underlying causes through advanced testing and long-term care of a kind often available only through expensive concierge services.
They drew on personal experiences to build a service intended to identify small changes in a woman’s biological baseline.
Members complete an initial health questionnaire before having blood taken at a local partner laboratory such as Quest or Labcorp.
A phlebotomist can also visit a member’s home for an additional charge.
The company’s AI analyses biomarker data from genomics, proteins and hormones alongside symptoms, lifestyle risks and medical history.
Xella says this information is used to screen for more than 130 female-specific conditions, including PMOS, Hashimoto’s disease, premenstrual dysphoric disorder, endometriosis and perimenopause timelines.
Hashimoto’s disease is an autoimmune condition in which the immune system attacks the thyroid gland.
Premenstrual dysphoric disorder, or PMDD, is a severe form of premenstrual syndrome that can cause significant emotional and physical symptoms.
The results are processed through Xella’s own dry laboratory, which the company says is certified under the US Clinical Laboratory Improvement Amendments and accredited by the College of American Pathologists.
A dry laboratory analyses data using computing and other non-experimental methods rather than carrying out traditional laboratory procedures.
The findings are turned into a personalised healthcare plan and reviewed with a certified telehealth doctor.
The doctor may recommend immediate clinical action, including personalised hormone therapy or referrals to genetic counsellors, pelvic floor physiotherapists and reproductive endocrinologists.
Reproductive endocrinologists are doctors who specialise in hormones, fertility and reproductive health conditions.
Dantas, co-founder and chief operating officer, said: “Women’s health data has historically been treated in isolated silos – a hormone test here, an ultrasound there – but no one was connecting the dots across the entire biology.
“By tracking unique biological patterns longitudinally across cycles and life stages, we aren’t just providing data, but a clear path forward.”
Xella’s clinical advisers include Dr Allison Kurian, director of Stanford Women’s Clinical Cancer Genetics Program and professor of medicine, epidemiology and population health at Stanford.
They also include Dr Lynn Westphal, a reproductive endocrinology and infertility specialist and chief medical officer of Kindbody.
Xella has received US$4.7m in angel and pre-seed funding from Precursor Ventures, Capital F, Ulu Ventures and Swizzle Ventures.
Other funds and angel investors from healthcare, diagnostics and consumer technology also participated.
Margaret Coblentz, co-founder and general partner of Capital F, said: “Women’s health is one of the highest-momentum categories in the market today, driven by a US$15tn female economy.
“Xella represents exactly how Capital F sees women’s health evolving: deep clinical expertise paired with a consumer-first mindset, and a genuine opportunity to unlock the next generation of healthcare.”
Entrepreneur
Screen time reduction app awarded £15k in women-led startup competition

A screen time app that lets friends cut their phone use together has won the £15,000 top prize in a women-led startup competition.
Snitch, led by design engineering MEng graduate Asha Bakhai, took first place at WE Innovate, Imperial College London’s flagship competition for women-led startups.
The team aims to tackle excessive screen use among young people, which some research suggests may have a negative effect on mental and physical health.
The app lets users join accountability groups and set shared limits across their most-used apps.
When one person scrolls, the group’s combined timer counts down. Its founders say this helps build awareness, encourages reflection and supports small changes in behaviour by making screen use a shared responsibility.
Speaking at the WE Innovate Grand Final, Bakhai, co-founder and chief executive of Snitch, said: “Thank you to all the people who have been involved with thinking about what it could look like for young people to not be addicted to their phones.
“Whether that’s our friends who we started this with – exchanging screen time passwords and things like that – or the users along the way who beta tested with us, or our families and our friends who we’ve forced to use our app, even though it failed and bugged out and blocked all their apps. Thank you to all of them – and especially, thank you to WE Innovate for making all of this happen.”
Snitch’s team also includes co-founders Serena Sebastian and Yoshiki Berrecloth.
WE Innovate is a six-month pre-accelerator run by Imperial Enterprise Lab for teams led by female students, recent alumni and early career researchers.
The programme supports 25 women-led teams through masterclasses, business coaching, one-to-one expert support and peer mentoring.
The top five teams competed for a share of a £30,000 prize fund.
Professor Hugh Brady, president of Imperial College London, said: “WE Innovate was born out of the realisation that women founders were grossly underrepresented among our wider founder group across the university – so it was an imperative for Imperial to start such a programme.
“It was just last year that we heard Dame Alison Rose, author of the Rose Review, speak about the untapped economic opportunity and potential of women entrepreneurs in the UK.
“After 12 years, this programme has supported hundreds of women entrepreneurs, leading to exciting ventures across health tech, clean tech and all aspects of deep tech.”
The winning teams were selected by a panel including Kristen McLeod CBE, chief strategy officer at the British Business Bank, and Elizabeth Gooch MBE, founder and former chief executive of EGS plc.
The panel also included Pierre N. Rolin, founder and chief executive of Ankh Impact Ventures, and Professor Mary Ryan, vice-provost for research and enterprise at Imperial.
The final marked the second year of WE Innovate National, a UK-wide programme with separate Grand Final showcases held this month at Queen’s University Belfast, Swansea University and Loughborough University.
Joanna Jensen, founder of skincare brand Childs Farm, gave a keynote address about her experiences as an entrepreneur and co-writing The Rise Report of Female Entrepreneurship.
The report found that the UK economy would be £310bn larger if women started and scaled businesses at the same rate as men.
Jensen said 78 per cent of the founders surveyed reported that human connection had been central to their journey, while one in seven identified loneliness as their biggest challenge as an entrepreneur.
She said: “That is why what Imperial is doing matters so profoundly. Not just here in South Kensington but as WE Innovate goes national.
“Because a founder in Loughborough, Durham or Swansea deserves the same access to networks, mentors, capital and belief as a founder sitting in this room tonight.
“Talent is everywhere. Opportunity, until now, has not been.
“A nationwide network for female founders, being backed by women and men, having doors opened for them by women and men, and then paying that forward: that is how you close a £310 billion gap.
“Not with one programme. With a system of programmes, joined up across the country, and held to account on outcomes.”
Waypoint, led by innovation design engineering MSc student Bana Quronfuleh, received the £7,000 second prize.
The team is developing a video game controller that allows visually impaired players to hear and feel popular games.
AlphaVectors Biotech, led by Imperial alumnus Dr Apanpreet Kaur, received the £5,000 third prize for its lipid nanoparticle platform, which aims to improve the stability of RNA vaccines at room temperature.
Lipid nanoparticles are tiny fat-based particles used to protect and deliver genetic material, including the RNA found in some vaccines.
The other finalists, FluoroCycle and Epile-X, each received £1,500.
PHlora LABS received the Lauren Dennis Award, which was established in memory of a pioneering WE Innovate alumnus, for developing a synbiotic suppository intended to prevent recurrent vaginal infections.
Synbiotics combine beneficial microorganisms called probiotics with substances known as prebiotics, which help them grow.
The award recognises a team demonstrating exceptional entrepreneurial spirit in science, technology, engineering and mathematics and includes a six-month business coaching package.
DisoLens received the Engineers in Business Award, sponsored by the Engineers in Business Fellowship.
The award provides each winner with £1,500 in grant funding, mentorship and a professional CV package for entrepreneurs working across engineering sciences.
The team is developing a self-dissolving biodegradable contact lens intended to remove the need for lenses to be taken out each day.
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