Female Founders, emerging tech and a new Global landscape
To help highlight the growing role that women have to play in the emerging technologies arena, Innovate UK, Digital Catapult and the British Consulate General Boston are teaming up for the first infocus global entrepreneur mission: EMERGE Boston 2017. Infocus aims to get more women innovating in business, give female entrepreneurs the support they need to grow their businesses and, create new female role models for the next generation.
Through video pitches and applications, the exclusive group of female founders will be given the opportunity during HubWeek to build lasting relationships with the Boston innovation ecosystem, explore the US market, and take the next step in their growth. The week takes place from 10-15 October and aims to bring together the most creative and inventive minds in technology, science and innovation for a sharing of intellect and ideas.
The tech industry needs more female founders and leaders
Although the growth of female-run businesses has increased by 54% in the last 15 years and employ 7.7 million people in the US, only 3% of technology start-ups in Silicon Valley are started by women(1). The figures are even worse in the UK, where fewer than one in 10 women are in leadership positions within the tech sector and, perhaps most shockingly, women only hold 4% of software engineer positions(1).
This is something that needs to be addressed and fast, as it had been touted that the annual revenue of women-led companies in the UK is growing at 28% with a median turnover of £3.7m, and IT companies are expected to be the driving force behind those figures.
Emerge Boston 2017 is looking to address the balance
The intention of the mission is to hand select the most exciting UK based emerging tech companies with female founders across 4 technologies: Artificial Intelligence / Machine Learning, Robotics, Internet of Things (IoT) and Immersive Tech (Virtual / Augmented / Mixed Reality and Haptics).
Boston was chosen as it offers some of the best brains, investors, and resources the US has to offer start-ups looking to launch their businesses in the country. In fact, it is home to one of the highest concentration of start-ups anywhere in the world, particularly in the areas of healthcare, robotics, synthetics, life sciences, and cyber-security.
Emerge Boston 2017 will not only help to identify the top female founders looking to take their businesses to the next level, but also go a long way towards ensuring a continued success rate amongst female run tech companies.
Applying to be part of the mission is as easy as 1, 2, 3
- Register your interest and receive further application details by email via our open call page.
- Complete the full application form and provide the link to your 2-minute video pitch.
- Contribute £1,500 towards the cost of the mission (Note: contributions are required for all Innovate UK missions and help to cover the cost of flights and accommodation, and ensure we get those SMEs who are ready to disrupt the US market applying. The cost will be far outweighed by the value of the mission.)
The deadline for applications is Monday 4th September 2017 and decisions on successful applicants will be announced on Friday 15th September 2017. Before you apply though, first check out the eligibility criteria here.
If eligible, register now to receive your application form via email.
(1)The Independent: Percentage of women in the tech sector is worse than in Parliament