UKBAA CEO highlights opportunity women-led businesses represent for investors
Jenny Tooth, CEO of UKBAA, shined a spotlight on the untapped potential of female founded business to the investor community this July against the backdrop of a ‘women in innovation’ photography exhibition hosted by Innovate UK.
Chairing a panel that included Juliet Rogan, Head of High-Growth and Entrepreneurs at Barclays; Sarah Turner, Co-Founder of Angel Academe and two female founders, the Investing in Female Founders event aimed to showcase the unique opportunity women-led businesses represent for investors and give female founders key tools to engaging with investors.
It took place at the Getty Images Gallery where there is a photography exhibition being hosted by Innovate UK, the infocus women in innovation exhibition.
Continuing its mission to challenge the low number of women entrepreneurs applying for funding, the exhibition is part of Innovate UK’s infocus campaign, an umbrella initiative to encourage diversity in innovation and boost the economy as a result.
The exhibition profiles 12 of the women in innovation award holders associated with Innovate UK’s first funding competition, run solely for women. The pioneering innovations the subjects are developing range from the optimisation of cancer treatment, the creation of sustainable alternatives to animal products and even solutions to crises of air-pollution and waste.
The potential that female-founded businesses represent was recently highlighted in the Untapped Unicorns report released by The Female Founders Forum.
It said that women-led businesses achieve far lower levels of funding, with male entrepreneurs 86 per cent more likely to be VC funded and 56 per cent more likely to secure angel investment.
With only one in 7 of Innovate UK’s applicants for funding being women and one third telling the UK government’s innovation agency that their gender has impacted their career in innovation, Innovate UK has launched the exhibition to create the visible role models currently lacking for UK female founders.
Dr. Ruth McKernan CBE and Chief Executive of Innovate UK says: ‘Half of the world’s population is female. Research shows that harnessing the skills of female entrepreneurs would significantly enhance UK economic growth and improve the breadth of management teams.’
The exhibition is open to the public until 29th July. For full details visit http://www.gettyimagesgallery.com