The Women's Technology Cluster was found as an entrepreneurial community of technology business in which women have a principal ownership stake, The Cluster incorporates the key elements of an industry focus incubator to build upon the success of this model in growing start-ups.

The Women's Technology Cluster selects and houses start-ip information technology businesses in software, multimedia, Internet and e-commerce and any area broadly defined as IT. Each company receives market rate office space with shared facilities, as well as management assistance and mentoring to enhance success.

The central objective of the WTC is to facilitate access to capital to women entrepreneurs. While the rate of new business formation by women has grown at a rapid rate, barriers to access to capital persist as a systematic problem for women entrepreneurs. Growth in the non-service sector exceeds all others, and capital is a key ingredient to startup success in this sector. The National Foundation of Women Business Owners reports that of the nearly 8 million women owned businesses in the United States, only one percent have used venture capital financing. Technology companies represent the majority of venture capital deals. Over 30 percent of all newly formed women owned businesses are in the technology based sector. Yet women received only 1.6 percent of the $ 33.5 Billion invested by venture capitalists between 1991 and 1996.