Data shows that only 15% of innovative start-ups are founded or co-founded by women, and a mere 6% have all-women founding teams. These women-led businesses raise less venture capital than their male-only counterparts, including at the vital early-stage investments and the amounts that they raise tend to be lower. Across Europe only around 5% of venture capital goes to mixed teams and only 2% to all-female teams.
Women TechEU addresses this innovation gender gap by supporting women-led deep tech start-ups at the early, riskiest stage. The scheme will offer financial support to women-led startups with grants of €75 000 and first-class coaching and mentoring through the EIC’s Women Leadership Programme.
The scheme offers first-class coaching and mentoring to female founders, as well as targeted funding to help take their business to the next level. Women TechEU offers:
- Financial support to the company as an individual grant of EUR 75 000 to support the initial steps in the innovation process, and the growth of the company,
- Mentoring and coaching provided by the EIC Business Acceleration Services (BAS), under the new “Women Leadership Programme”, which include dedicated networking and pitching events,
- The possibility to participate in dedicated activities organised by InvestEU and Enterprise Europe Network.