As someone who once worked for big tech in corporate America, I can attest to the difficulties corporate environments impose on people as individuals, especially caregivers. I don’t limit my identities to only being a mother or only being a professional — I am, like so many things in 2020, complicated and I contain multitudes (thanks for that one, Walt Whitman).
British Polar explorer, Antarctic scientist and author, Felicity Aston is an established expedition leader who has successfully organised and led numerous global missions. As an ambassador for the First Women project, Felicity has led international teams of women to some of the most remote places around the world. Her expeditions have included the first British Women’s crossing of Greenland, The Women’s Euro-Arabian North Pole Expedition and The Pole of Cold Expedition.
To date, the artificial intelligence (AI) industry has had quite a difficult history with diversity standards. Despite studies probing inclusivity and bias, statistics for gender and racial diversity in the sector are alarmingly low. And given that we are living in an age of strong activism in these spaces, it is high time that the tech industry follows suit with some practical steps.
PitchBook, the data provider for the private and public equity markets, has released All In: Women in the VC Ecosystem, its second annual report examining global Venture Capital (VC) investment in female-founded startups. The report, published with support from Microsoft for Startups and Beyond the Billion, shows the coronavirus pandemic has disproportionately impacted female founders and CEOs negatively, despite undeniable, long term gains in VC investment over the past decade.
A staggering £4bn of investment went to UK tech companies in the first half of 2020. The British Business Bank’s recent Government report, together with recent surveys by leading investment platforms like Stakeholderz, show that despite the challenges posed this year, investors are continuing to back the UK’s high growth tech companies, with many indicating they will invest the same or more over the next year. Tech has long proved to be a lucrative and attractive sector for investors and entrepreneurs.
“I’m starting to think my profile could be an asset for the business,” a brilliant female founder confided over a virtual Zoom coffee a couple of weeks back (I miss real life, barista made flat whites and hugging clients hello but that’s a sidebar). “I always want to make it about the business but I think I could be a bit of an asset.”
We at The WealthiHer Network have delved into the challenges facing female entrepreneurs in today’s society, the potential they create economically and socially, and the turnaround traits needed to drive recovery for all. Our fear is that without positive action, the path to recovery for female entrepreneurs is under threat… especially in a post COVID-19 society.
The year 2020 is a year like no other. While data shows the pandemic hasn’t affected the overall amount VC dollars invested in tech companies (on par with previous years; US), it has already had a disproportionate effect on the funds allocated to women-led businesses. Venture checks for female founders are at their lowest since 2017. The broader picture is even grimmer, with a real threat to roll back the last 30 years of economic progress for women (according to the International Monetary Fund).
It is no secret by now that we are huge supporters of encouraging more females into the tech industry, and closing the gender equality gap. We have recently released out latest issue all about Women in Tech, where we spoke to some amazing females and heard some empowering stories from both males and females in the industry. However, to hear from some more inspiring females and males about the tech industry, and particularly the role women have within it, then head along to the 4th annual conference from Women in Electronics.
A woman’s work is never done. This phrase is now more poignant than ever as we grapple with the new realities posed by the current pandemic. It is, however, especially true for successful female entrepreneurs who are left dealing with the struggles of everyday life whilst trying to run a thriving business.
In my previous blog, I considered the steps necessary for business leaders to close the gap between rhetoric and reality on racial equity at work. This time, I wanted insight on what is actually happening on the frontline. I sat down with award-winning business strategist and founder of The Black British Business Awards, Melanie Eusebe. She has risen to the upper- echelons of the corporate world, and in our broad conversation offered her perspectives on corporate responsibility, solidarity, and how we sustain the current momentum.
Some people are doing very well out of the pandemic - the fraudsters. That’s because the chaos COVID-19 has caused makes it far easier for them to operate. Have you increasingly been asked to provide personal data to strangers since March? Have you changed any of your habits? Gordon Ramsey himself couldn’t have created a more perfect recipe for rising fraud. How can you make yourself as safe as possible and if you have been a victim, what should you do next?
As part of our 'Women in Tech' focus we got the chance to speak to Lisa Krapinger, CMO at breathe ilo, who started working in marketing at Red Bull, leading the sampling and promotion team in order to combine her passion for sports with her career. Krapinger then moved to Heineken in brand management, where she was responsible for promoting the cider brands in Austria through sponsorships and events. Krapinger said: "What I realised from these two roles was that I loved working to build new brands and products up from scratch - hence why Carbomed Medical Solutions GmbH was the perfect next step in my career path."
In September 2020, Citigroup bank appointed a female CEO. Why is this big news? Because in doing so, the firm became the first big Wall Street bank to do so. Barriers are being broken down by female trailblazers in all walks of society and even traditionally masculine environments are being transformed into more balanced ones where everyone, regardless of their gender, has an equal chance at success.
UK-based social media and creative boutique for women, WE ARE F is celebrating the launch of its sister agency, WE ARE FEMALE ATHLETES. This powerhouse of female talent and global stars will represent, manage, and fight for, the underrepresented athletes at the forefront of the women’s sporting movement.
An organisation supporting underrepresented Founders in London and connecting them with opportunities in tech called OneTech is expanding its efforts to support and diversify London’s entrepreneurial community. Addressing systemic racial and economic barriers to entrepreneurship highlighted by the COVID-19 pandemic, in collaboration with JPMorgan Chase.
For years, if not decades, being a ‘woman in tech’ has been seen as the exception to the rule and for many, a career path that’s littered with challenges. According to a Women in Tech report from PWC, only 5% of leadership positions in the tech sector are held by women, a paltry 3% of females say a career in tech is their first choice and only 16% of females have had a career in tech suggested to them (vs 33% of males).
With the upcoming issue focusing on Women in Tech and Female Founders, we decided to speak to a few females in the industry on their journey and experiences. Starting with Franziska Kirschner, Research lead at Tractable. "When I was a child, I wanted to become a dog when I grew up. I genuinely believed that science would progress far enough that I could change species by the time I reached adulthood. Unfortunately, the world’s scientists had other ideas and their endeavours focused elsewhere, such as on making computers reason like humans.
Around the world, fertility rates are falling dramatically. Researchers have described the decline as “jaw-dropping” and the impact that it is going to have on societies is difficult to fathom. According to their research, nearly every country is set to see a serious decline in the number of babies being born. To make the shift even more monumental, the worldwide population is also ageing dramatically, and many countries are likely to see as many people turning 80 as there are being born.
The drive for businesses to make positive changes around inclusion and diversity in the workplace is now more important than it ever was before. To encourage businesses to take stand against discrimination and drive forward a progressive future, global workplace providers, Instant Offices have gathered and analysed data into what diversity and inclusion looks like around the world.
Action, Allies, Achievements, and Accountability are the cornerstones of a strategy for achieving diversity goals. As the CEO of Hyve Dynamics, Cecilia Harvey works with the leadership team to ensure that diversity and inclusion is reflected in our strategy and operations. She does this, not just because she is passionate about it, or because the tech industry is one of the least diverse, but because it makes both moral and commercial sense.
COVID-19 (coronavirus) has significantly impacted businesses, but even more so for social entrepreneurs, BAME founders and females due to the difficulties and challenges around access to support, finance and funding as well as structural inequalities. We are on a mission to work closely with these founders to help them flourish in the face of adversity.
Grenade is one of the UK’s leading healthy snacking FMCG brands, offering high protein and low sugar nutrition products. Officially launched in 2010, Grenade successfully secured a prominent position in the Sunday Times’ Fast Track Top 100 for four consecutive years, with its products now sold by leading retailers in over 80 countries worldwide. Here we talk through defining moments in developing Grenade, whilst providing top tips for female entrepreneurs inspired to launch and grow their own business.
A new not-for profit social impact grant scheme has been launched, the Energy for Tomorrow (EfT) campaign. This grant scheme has been created by Centrica to support and empower entrepreneurs, particularly those from underrepresented groups, who have concepts and innovations to tackle climate change, lower energy bills, and deliver real impact to people and communities.
Science, technology, engineering and mathematical modelling save lives – we see that more than ever in this C-19 crisis. We are relying on our scientists, technologists and engineers to come up with solutions, fast, to improve health and survival rates, to support businesses, organisations and the economy, to enable virtual social connection. They are essential contributors, key workers and equal among them are many, many women.
After graduating from university in 2016, I found myself working for one of the biggest tech companies in the world, Amazon. Although ironically, I was working as far away from tech in operations, managing up to a hundred warehouse staff at a time. I watched the guys working in tech and the entrepreneurs starting new ventures with envy thinking there was no way I’d be able to segway my career in that direction now that I had started climbing the corporate ladder.