Get All Access for $5/mo

The CEO Behind 'Female Viagra' Announces Her Next Move Cindy Whitehead's new company will offer seed investing or consulting to start-ups that want to improve women's lives.

By Marguerite Ward

This story originally appeared on CNBC

Allen G. Breed | AP
Cindy Whitehead, Pink Ceiling founder and former Sprout Pharmaceuticals CEO.

Cindy Whitehead, the ex-CEO of Sprout Pharmaceuticals, which developed "the female Viagra," announced Wednesday she is launching a new venture with a focus on solving problems for women.

Called "The Pink Ceiling," the company will offer seed investing or consulting to start-ups that want to improve women's lives.

The Pink Ceiling's first partnership is with Undercover Colors, a North Carolina-based start-up developing wearable nail technology to detect date rape drugs in drinks.

"Whether these advances break down social barriers or bust through ceilings to create new categories, our goal is to fuel the solutions that put the power of choice in women's hands," Whitehead, The Pink Ceiling founder and CEO said in a release.

Whitehead co-founded and served as CEO of Sprout Pharmaceuticals. Last year, Sprout Pharmaceuticals made headlines when it created the first ever FDA-approved drug for low sexual desire in women, Addyi, dubbed the "female Viagra."

"My driving passion is identifying real solutions that can become catalysts for meaningful change for women," Whitehead said.

Interested entrepreneurs can pitch to Pink Ceiling on its website.

Marguerite Ward is a special to CNBC.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Solutions

Amp up Productivity with MS Office 2021 for Just $60

Unlock the full potential of your business with a lifetime license to the suite of beloved apps.

Leadership

From Crisis to Control — How to Lead Effectively in High-Stress Scenarios

From the eye of the storm to the heart of leadership: How BELFOR's Sheldon Yellen's approach to the disaster recovery industry is revolutionizing resilience in business.

Operations & Logistics

3 Reasons Why Your Business Should Start Digitizing Payments

Customers will continue to demand more digital payment options and expect convenience, security and simplicity — and businesses will need to adapt or struggle.

Starting a Business

How to Connect With Buyers and Get Your Products on Store Shelves, According to the Founder of Daring and Cadence

Ross MacKay, founder and original CEO of the plant-based food company Daring Foods and co-founder of performance beverage brand Cadence, shares the strategies that have landed his products in over 40,000 stores nationwide.

Business News

Southwest Airlines Is Switching Up Its Boarding Policy and Assigning Seats for the First Time Ever

The airline, known for its unique open seating model, will assign seats for the first time in company history.

Growing a Business

Being a Good Manager Isn't Enough — Here Are 5 Leadership Skills That Will Keep Your Employees Around

The article outlines five key leadership skills — engagement culture, effective staffing strategies, AI utilization, shared team reality, and work-life balance — that can improve team performance and reduce turnover, fostering sustainable growth and innovation.