A new initiative to support female entrepreneurs enter the boardroom, OneTech, has kicked off, with Capital Enterprise and JP Morgan the main backers behind the effort.
OneTech aims to double the number of female and BAME (black, Asian and minority ethnic) entrepreneurs accessing investment by 2020 in three London boroughs -- Hackney, Tower Hamlets and Newham. Additionally, Capital Enterprise and JP Morgan want to help entrepreneurs, startups and tech companies understand why diversity in tech is important and should be valued. OneTech will connect founders, board members and entrepreneurs who apply for the program from across the UK with mentors in order to achieve these ambitious goals, and can connect them with pre-accelerator programs designed to boost tech diversity.
Tech Nation, a major player in the UK's tech scene, is also part of this effort. As part of the new initiative, the organization has put together some statistics on the current state of diversity in tech.
- 77% of tech company directors are men, with only 23% women.
- Despite multiple efforts to increase diversity in tech, and public-facing campaigns such as #MeToo, the percentages of men and women being appointed to tech board positions has, since 2000, remained "almost exactly the same".
- Gender diverse boards achieve a 0.7% higher turnover -- approximately £70,000 more, on average.
- Globally diverse boards raise a staggering 453% more investment than boards with only a single country represented.
There are more stats and analysis in Tech Nation's report, which is supporting Capital Enterprise's campaign to increase diversity. OneTech is looking for both applicants and mentors, so check out the website if you're interested in either.
— Phil Oakley, Site Editor, TechX365