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European Institute of Innovation & Technology promotes Bold!

17 December 2019
2 min read

The EIT (European Institute of Innovation & Technology) Digital European Female-Led Deep Tech Startup & Scaleup Landscape is out and we've been featured on the list!

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Juman Hamza
Community & Design

Tech is a challenging field for female founders and entrepreneurs to find investors

A Crunchbase survey found that female-led ventures receive 44% less funding than their fair share.

For deep tech the numbers were even worse with 54% less VC funding raised for non-female business categories, and up to 75% for infrastructure and wireless companies.

92% of all funds raised by European VC-backed companies went to all-male founding teams

Other reports aren't any more optimistic. The State of European Tech 2019 by Atomico found that a staggering 92% of all funds raised by European VC-backed companies went to men.

But this comes as no surprise. If you look at how many executive teams are comprised of men (and white men at that) the situation doesn’t look very promising. Statistics show that for every woman executive, there are 12 men executives.

for every female executive, there are 12 male executives

This bias is often why many investors associate men with successful tech companies (despite there being plenty of evidence to say otherwise. WeWork anyone?).

More effort is needed to change this obvious bias found in investment and business as a whole and give female entrepreneurs the platform and funds they need to grow.

How will the market be populated with female-led companies if no one is investing?

That’s why the European Institute of Innovation & Technology have created a Landscape to provide much needed visibility to female-led deep tech ventures. The landscape comprises over 60 European companies with a female CEO arranged by the five deep tech categories, strategically chosen with respect to major digital trends and European leadership potential: Digital Tech, Digital Industry, Digital Cities, Digital Finance and Digital Wellbeing.

We're very proud to be a female-led company and to be featured on the latter category: Digital Wellbeing!

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