Stato Solutions’ Post

Spread the word folks please. It’s vitally important for the economy that female founders are properly funded and supported in their scale up journey. Some amazing work being done by Emmie Faust and the team at Female Founders Rise . #femalefounders #scaleups #funding

“I believe that the key to the U.K.'s growth will be enabling every single entrepreneur in this country to thrive; female entrepreneurs face significantly higher barriers to getting their businesses the support and investment they need, from seed funding for start-ups to the challenges of gaining scale-up investment."   Our co-chairs Hannah Bernard OBE and Debbie Wosskow, OBE spoke to Shaheena Janjuha-Jivraj, PhD, FRSA about the Taskforce’s mission to address the barriers faced by women when accessing funding, in order to unlock their potential to establish and grow their enterprises.   Read the Forbes article in full here: https://lnkd.in/gbQk8rjA

The Record High of Women Founders - but that's not the whole picture!! In 2023, something incredible happened: the number of new businesses incorporated by female founders reached a record high! 🚀  Here’s the story of how female entrepreneurship is thriving in the UK: Women created 160,730 firms this year, bringing the total number of women-led companies to 874,730.  That’s almost 10,000 more companies than the previous record of 150,000 in 2022.  But while this is amazing progress, there’s more to the story.  Despite these achievements, women still make up only around 17% of all entrepreneurs in the UK.  You’re probably wondering, “What’s holding us back?” Accessing finance remains a significant challenge:  ⚠️ Less than 25% of active female-led companies accessed finance in 2022/23.   ⚠️ Male-led companies captured seven times more funding during this period.   ⚠️ All-female founded businesses received only 2% of equity investment in 2022—a figure that hasn’t improved since 2011!! Here’s the truth: We have the potential to unlock even greater success.  Imagine if we could boost the UK economy by £250 billion and create 1.1 million more businesses by supporting female entrepreneurs!  What can we do? ➡️ Advocate for better funding options tailored to female founders.   ➡️ Create supportive networks that empower women to pursue their business dreams.  If you believe in the power of women in entrepreneurship, please repost this to inspire change! ♻️  If you’re a female founder looking for strategies to overcome funding challenges, DM me “SUPPORT,” and I’ll share what I can to help!

As we continue to acknowledge Women's History Month today, let's shed light on the challenges faced by women of colour entrepreneurs. Did you know? In the U.S., Latina women founders receive only 0.64% of venture capital funding, while Black women founders receive just 0.41%, as highlighted by the latest #ProjectDiane study. This stark disparity in funding limits their ability to scale and thrive in the business world. 💸 💡 Situation in Canada: The situation is not vastly different in Canada. Women entrepreneurs, especially those from diverse backgrounds, encounter significant barriers in accessing venture capital. According to recent data, women-led businesses receive only 4% of total venture capital investment in the country. Unfortunately, specific data on the percentage of venture capital that women of colour receive compared to white women is not readily available in Canada, highlighting the need for more comprehensive research in this area. How can we support Women of Colour Entrepreneurs? 🌟 Ways to Support 🌟 Societal Level: ➡ Provide funding and networking opportunities for women of colour entrepreneurs in the early stages of business development to strengthen their skills and knowledge at inception. Individual Level: ➡ Amplify their voices by sharing their stories, products, and services. ➡ Consider patronizing businesses owned by women of colour and encourage others to do the same. Organizational Level: ➡ Increase the number of People of Colour mentors, advisors, and staff within incubators and accelerators to provide tailored support. ➡ Implement initiatives to address unconscious biases in funding and evaluation processes. Let's empower these trailblazers and create a more inclusive and equitable entrepreneurial landscape together! [alt description in comments]

Let's empower female entrepreneurs and fuel economic growth! Supporting female-led businesses is not just about equality, it's about unlocking trillions for the global economy. Learn more here: https://okt.to/74lX0h

Empowering Women-Led Small Businesses: Strengthening Invisible Bonds Small businesses led by women are not just economic entities but pillars of community resilience and growth. Across industries, from tech startups to artisanal crafts, these businesses contribute not only to local economies but also foster a sense of community and connection. Recognizing the pivotal role of women entrepreneurs is crucial in advancing sustainable economic development and social cohesion. Women-led small businesses often face unique challenges, from access to finance and markets to navigatin... https://lnkd.in/d_yqsfd9 #Businesses #Women >>>Read full article by clicking the link below...

Have a read of this article in The Scotsman from our founder Jackie Waring FRSE on the importance of investing in female led businesses, and the significant potential this can unlock for the Scottish and UK economy 👇 https://lnkd.in/e5cX7Fh7 Màiri McAllan MSP Investing Women Angels EOS Group Equity Gap

The reality check: Women face more barriers to starting and scaling a business than men do—everything from being taken seriously to securing funding. Only 15% of businesses in the UK are owned or led by women (DBT Survey), and in 2023, female-founded startups received just 1.8% of VC funding (Pitchbook). Even in FemTech, a sector where 70% of companies are founded by women, male founders have out-raised their female peers over the last five years. Let that sink in. Yet the data is clear: if women started and scaled businesses at the same rate as men, an estimated £250 billion in new value could be added to the UK economy. Not only that, but for every dollar of funding, female-founded businesses generate 78 cents—compared to just 31 cents for their male counterparts. At OVUM, we’re proud to be female-founded (shout out to our founder, Jenny Wordsworth!)—and one of our many goals is to inspire the next generation of entrepreneurs (we’ll drop the word female because ideally the entrepreneurs of tomorrow will just be just that, entrepreneurs). In the meantime, Emmie Faust and Female Founders Rise founder have just launched “You’ve Got What It Takes,” a new initiative to support women entrepreneurs. Let’s spread the word and show support—repost to help make a difference!

Following the publication of the latest Global Entrepreneurship Monitor report, our CEO Carolyn Currie joined Poonam Gupta OBE on BBC Scotland The Nine. Parity in numbers of women and men starting businesses is good to see reported again in this latest research. However this does not mean 'job done' when it comes to supporting women entrepreneurs. Our research at WES shows that women's businesses need dedicated support to be sustainable beyond five years after start-up. We are still seeing the % of established businesses that are women-led at around 20% of the total. The data on investment and funding for women's businesses is still disappointing. Taking these encouraging figures on start-ups from GEM and building that into the success of women-led businesses longer term will #addbillions to the #Scottisheconomy grow employment and boost communities in years to come. Available to view until 10pm tonight ( time stamp 44 mins): https://lnkd.in/dbWHben7

Just 16% of equity finance is directed towards companies with a female founder, yet £250bn could be added to the UK economy if women launched and grew businesses at the same rate as men. Our founder, Karen Holden, initiated Female Founders Growth after her own experiences setting up a business. Despite some barriers being self-imposed, many female founders face discrimination, secure less investment, and find fewer opportunities, role models, and connections, often feeling less confident than their male counterparts. The Gender Index and Rose Report have documented these challenges with disheartening statistics. Although barriers exist, we focus on action rather than discussing restraints. The Female Founders Growth Initiative stands out as the only program providing strategic advice, professional services, and drafted documentation tailored to female entrepreneurs. For affordable fees, participants gain access to workshops, one-to-one consultations, partnerships, and events. Female Founders Success includes: * Over 400 founders consulted * 6 founders secured VC funding * 4 secured Fund investment * 2 received Grant funding * 3 obtained Angel investment * 4 active funding rounds ongoing If you’re a female founder looking to scale your business, discover more about how Female Founders Growth can support your journey on our LinkedIn Company Page. Photo taken at Small Business Research + Enterprise Centre event #ACityLawFirm Where innovation meets personalised service.