Female startup founders miss out on billions

Feb 5, 2019 · uktech.news

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Female startup founders are missing out on billions of pounds of investment, new research published today finds.

The UK VC & Female Founders report found that for every £1 of venture capital investment in the UK, all-female founder teams get less than 1p. By comparison, all-male founder teams get 89p and mixed-gender teams get the remaining 10p.

The research, commissioned by Chancellor Philip Hammond at Budget 2017 and undertaken by the British Business Bank, together with Diversity VC and BVCA, identifies specific barriers faced by female-led firms in accessing venture capital. It will help inform ongoing government work to tackle these barriers and boost the untapped economic potential of businesses.

The report found that venture capital investment in startups with female founders is increasing but progress is very slow. At current rates, for all-female teams to reach even 10 per cent of all deals will take almost more than 2530 years (until 2045).

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