Female founders miss out

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Pictured at Network Ireland Waterford Branch's breakfast workshop "Funding for Female Founders" with with South East BIC ,Bank of Ireland & Waterford Local Enterprise Office at Bank of Ireland Workbench The Quay, Waterford City. Pictured are Shana Chu and Oonagh Trehin. Picture: Patrick Browne

COMPANIES founded by women are significantly less likely to get funding, a new OECD study reveals.

The likelihood of funding for all-male start-ups is about 10 per cent higher than for those with at least one female founder, the ‘Levelling the Playing Field’ study found.

In addition, the report shows that when start-ups with one or more women founders do secure funding, they tend to receive a third less, with male-led companies securing on average $13 million (€11.6 million) per round versus $9 million for those founded or co-founded by women.

The issue was addressed at the Funding for Female Founders Breakfast Workshop organised by  South East BIC, Bank of Ireland, Waterford Local Enterprise Office and Network Waterford.

The guest speaker was Ann Marie McSorley, Founder/CEO of Veri who won the Google Adopt a Startup in 2018.

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