The UK tech ecosystem is more diverse than other parts of the world but female founders are still significantly less backed by venture capitalists than their male counterpart. ENTIQ came up with a solution, launched on Tuesday 8th March, that will provide female tech founders with practical help: Fin4Fem.
Evidence on the benefits of gender diversity in startup teams is strong in the US. The VC firm First Round highlighted last year that teams with at least one female founder perform 63% better in terms of company value before and after an investment than the all-male founder teams. Furthermore, Women who Tech have stated that female-led startups have 35% higher ROI when venture-backed, generating 12% higher revenues than male-led startups bringing in 20% more revenue.
In order to identify, empower, and showcase the UK’s top female tech founders seeking finance, innovation consultancy ENTIQ, in partnership with the UK Business Angels Association, has designed a dedicated programme, called Fin4Fem, launched on International Women’s Day.
Through a five-day course, Fin4Fem will focus on a variety of areas such as financing options, growth strategies and exit valuation to help best prepare female founders for financing their businesses while shining the light on the UK’s top investment-ready female tech founders.
“We launched Fin4Fem with a powerful and hopeful community. Finally experts in tech and finance will come together to address the extraordinary and unnecessary hurdles women face in business. It is time we make the incredible female founders public heroes of business and technological innovations,” said Claire Cockerton, CEO of ENTIQ.
“We are keen to ensure that through Fin4Fem, we can create a more level playing field for women tech entrepreneurs across the UK, by increasing their potential to gain the finance they need to build successful growth businesses,” declared Jenny Tooth OBE, CEO of UK Business Angels Association, during the launch of Fin4Fem.
The pilot course will run from 18-22 April and it will be free of charge for interested female tech founders. More information can be found on the official website of Fin4Fem.