Female entrepreneurs are on the rise, the number has increased by 18% in 2017 and today represent 26% of all businesses. The TOP industries where female entrepreneurship is present correspond to health, fitness, retail, beauty, business services, food, cleaning, and maintenance.
59% of women explain starting a business in order to pursue their passion and 42% be their own boss. Despite the growth in female entrepreneurship; we can recognize a strong gender disparity culture and a need for things to evolve.
The Harvard Business School undertook a study where a group of male and a group of female presented the exact same business proposal for investment. The outcome of the experience, shows that 39% of investors said they would offer funding to the women in contrast to 68% for the males.
Female in business face strong issues and stereotype that need to be beaten to the root in order to engage the economic impact and new wave of leadership. Women are underrepresented business leaders; 5% of the CEO in Fortune 500 are female, and only 20% are Fortune 500 board members.
This under-presence is not the only issue; women and male have a huge gap in salaries. The world’s highest CEO pay corresponds to $87.5M for Gregory Maffin the CEO of Library Media against $47.2M for Carol Bartz, ex-CEO of Yahoo.
Let’s not desperate considering the issues that women are facing in business; day by day things are changing. More and more female leaders are empowering the case of women promoting their hard work and impact in society.
Female in Technology
Finally, to discuss about women in tech, we can point out that they only represent 20% of US’s Tech jobs, when they represent half of the American workforce. However, their has been an increase of 68% of tech businesses founded by women between 1997 and 2014.
Based on the information given by entrepreneur.com we understand that the number of startup with a least one female increased from 9.5% to 18% between 2009 and 2014.
However, it’s a must to recognise that women are underrepresented, as they encounter only 7% of tech roles in Europe and only 11% of Software Developers roles. 5% of Tech-startups are owned by women, it is going to be critically important to engage the empowerment of women in tech in order to diversity our industries and economies.
We discussed with Adrienne Fanning, the CEO of founder of Sawyer. She considered having received a lot of support since she arrived in Barcelona three years ago, especially by the Tech and Startup World. She recognises that sometimes it can be challenging to be a woman in this ‘Boyzy club’. She considers that it’s time today, for women to be given more of a voice in business, VC and Tech; to be able to spread empowerment, confidence and the development of projects.
Finally one a last note considering women in tech, Alexis Roig mentioned that there is a lack of promotion within the technology industries for young girls; making tech look ‘for boys’. He considers that female in tech don’t have enough role models to follow and that we must make girls part of it from a very young age. He underlined the great work, done by BSC, promoting technological industries in the educational programs of girls from a very young age.
To conclude, women are taking more and more space on the Business, Tech and Venture Capital front. They promote new management and a new perspective to business and allow the diversification of our industries. More than ever, it is important to promote the work of women to step by step change our world for a more balanced place.
Author: Marie Marks