Our new research reveals female entrepreneurs receive 5 per cent less funding than male entrepreneurs, globally. We spoke to over 1,200 entrepreneurs across eight different markets to understand why #ShesTheBusiness
At HSBC Private Banking, we’re proud of our long standing history in helping entrepreneurs across the world transform their imagination and ambition into stories of success and pride. For centuries, we’ve connected people and businesses across the world, fuelling growth and uncovering opportunity.
Over the last few years, we have undertaken substantial research into the journeys and motivations of entrepreneurs. Whilst entrepreneurship as a whole has been flourishing, we were disconcerted by the fact that still today, female entrepreneurs represent less than 5 per cent of deal flow. While the proportion of women-led start-ups continues to grow, female entrepreneurs are statistically still playing catch-up. We had to explore why.
To provide female entrepreneurs with the opportunities and resources they need to grow their businesses, we have compiled this report reflecting our research into raising capital, the most significant challenge all entrepreneurs face. Our research identifies the particular hurdles faced by women in the start-up community at critical points along the way, and explores the underlying, often subtle reasons why female entrepreneurs feel negatively impacted.