A closer look into how Tramshed Tech's Female Founder Investor Readiness Programme is empowering female tech founders in Wales.
In a significant move to support gender diversity within the tech ecosystem, Tramshed Tech, in collaboration with the British Business Bank, has launched the Female Founder Investor Readiness Programme.
This 6-month initiative is designed to equip Welsh female tech founders with the skills, mentorship, and support necessary to raise capital effectively. Supporting partners for this programme include AberInnovation and Welsh Ice.
The British Business Bank, a founding signatory of the Investing in Women Code, is committed to improving access to finance for women entrepreneurs by collecting data and adopting inclusive practices.
The 2022 data from the Investing in Women Code highlighted a consistent link between the gender balance of investment committees or Angel groups and the proportion of finance going to women-led businesses.
While these findings indicate important progress, they also underscore the ongoing need to close funding gaps.
Tramshed Tech's Female Founder Investor Readiness Programme will set out to equip Welsh female tech founders with the skills, mentorship, and support necessary to raise capital effectively.
Key insights include:
1. Fewer women-led businesses and all-female founder teams sought funding compared to their male counterparts in both lending and equity finance markets.
2. Female investors remain underrepresented on investment committees, with an average of 32% female representation in investment teams and 24% on investment committees. Diverse investment committees are correlated with more successful pitches from all-female teams, highlighting a crucial area for improvement.
3. The challenging economic climate resulted in a significant decrease in funding requests from all-female teams in 2022 compared to 2021. Despite this, overall Angel investment captured by female founders, including mixed-gender teams, decreased compared to the previous year.
The Female Founder Investor Readiness Programme features an impressive line-up of entrepreneurs representing a diverse array of tech-driven industries:
Female investors remain underrepresented on investment committees, highlighting the need for gender diversity in tech investment.
With this fantastic line-up of businesses, we’re excited to follow the journey of these founders over the next six months.
Stay tuned for updates on their progress and the impact of the Female Founder Investor Readiness Programme.
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