FUNDING: It’s Not a Pipeline Problem. Female STEM Entrepreneurs are Ready for Funding. Yet, Barriers and Bias Still Preventing That…
Businesses led by women comprise 45% of all U.S. companies. And, four in 10 of those are led by women of color. However, only a small fraction of these businesses is STEM-oriented (STEM = science, technology, engineering and math).
STEM women entrepreneurs face a host of systemic inclusion challenges. Encountering bias in the funding of their ventures, women’s businesses are smaller on average, and are financed at a lower rte than men’s.
However, despite these barriers, when women create and lead their own own companies, they outperform companies created and led solely by men.
These are the findings of AWIS (Association for Women in Science), which has developed “STEM to Market,” a two-part program that creates inclusive and productive STEM entrepreneurship ecosystems.
Here is a link to AWIS’ latest report, Revolutionizing the STEM Entrepreneurship Ecosystem.
It contains the following evidence-based insights:
- it’s not a pipeline problem
- bootcamps don’t work
- investors can fix the funding gap