VC4A’s (VC4A.com) research (https://bit.ly/3M3VnRq) shows that 22% of African ventures (at all stages of development) have a female founder or co-founder. Putting this in perspective, this is pretty similar to the average in New York City at 21% or San Francisco at 16% when looking at equivalent data available via CrunchBase (www.CrunchBase.com).
The percentage continues to increase thanks to the many women empowerment programs and a larger cultural mindshift that is taking place to normalize entrepreneurship as a career path for women across Africa.
That said, while over $4 billion was invested in 2021 into startups across the African continent, the Africa: The Big Deal (https://bit.ly/398IVkT) report reveals that “93% of the funding went to start-ups led by male CEOs. Less than 1% to single female founders and female-only founding teams “. Similarly, the Briter Bridges report “In Search Of Equity – Exploring Africa’s Gender Gap in Startup Finance” (https://bit.ly/3KVVKvP) in collaboration with the World Bank provides further insight. Female founders are underrepresented in the sectors that attract the most financing, there is a confidence gap which separates female and male founders and female entrepreneurs pay it forward by being twice as likely to hire women, and four times as likely to employ female managers.
“We have read all of the reports and the research is clear enough. Beyond understanding the problem and creative awareness, we also need to take action or the problems will never be addressed. VC4A launched the Venture Showcase Africa a Women founder edition (https://bit.ly/3M537T7) as a concrete way to engage investors and drive capital support to outstanding women led companies.” Ben White co-founder and CEO VC4A
As an active player dedicated to supporting the development of startup ecosystems in emerging markets, VC4A and a network of investors seek to take a more proactive role by making the 7th edition of the Venture Showcase Africa a Women founder edition (https://bit.ly/38doqn1).
Danai Musandu, Senior Investment Relations at HPE Growth explains, “I joined as an ambassador because I believe when you are granted with the privilege to influence your network, because of the table you sit at, you have a responsibility to use that opportunity to multiply for the benefit of others and amplify for the voices who can not be heard yet.” And former 2020 Venture Showcase alumni entrepreneur Dr Rasha Rady, co-founder & COO of Chefaa adds “ 2020 Venture Showcase alumni: “for startups like ours, the VC4A Venture Showcase was a comfortable place to interact with investors and learn what is needed to effectively engage with them.”Boye Abiodun-Adepoju
About the VC4A Venture Showcase:
VC4A’s (VC4A.com) mission is to connect entrepreneurs with the knowledge, support programs, mentors and investors they need to thrive and grow their business.
In the past years, VC4A selected 90 scale-ups from across the African continent as part of 6 showcase programs, resulting in a number of investment deals totalling over $400M.
Today, VC4A is also present in Latin America and launched its first edition of the Venture Showcase (https://bit.ly/39FoH2c) this year.
For more information on the Venture Showcase, the alumni and partner organizations, visit VentureShowcase.VC4A.com
Should you have any queries and/or wish to be involved in 2022 Venture Showcase Africa-Women founder edition and/or Venture Showcase Latam, please feel free to contact Frederique Bisserier at email@example.com
VC4A (VC4A.com) is an ecosystem builder that leverages its infrastructure, network and expertise for the programs that contribute to Africa’s startup movement. Since 2008, the organization designs, structures and implements successful entrepreneurship programs on the continent.
VC4A runs an online platform featuring the world’s largest database of African startups and connecting local entrepreneurs to learning resources, mentors, investors and partner programs. Visit VC4A.com for more information.