UK start-ups beat the US for diversity as founders are five times more likely to be female

Clara Guibourg
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Nearly one-third of British start-up entrepreneurs are female (Source: Getty)

The UK's tech hub may have fewer "unicorns" than its American counterpart - but at least we're doing better at one thing.

Start-up founders in the UK are five times more likely to be female compared to the US, a new study from startup accelerator Wayra shows. They’re also ten times more likely to have a minority background.

The company surveyed 222 British start-ups and found that almost one in three start-up entrepreneurs were female.

  • One third of UK start-up entrepreneurs are female
  • Over half are under the age of 35
  • Women are 3.5 times more likely to be attracted to a diverse start-up
  • Start-ups are 36% more likely to have a female leader than FTSE 100 companies 
    (Source: Wayra)

Also, nearly 80 per cent of those surveyed considered diversity to be good for business, declaring that it “helped their business compete”.

Simon Fanshawe, from consultancy firm Astar-Fanshawe, which helped carry out the study, agreed, arguing that increasing diversity would help the UK create a dominant start-up centre.

“What this research tells us is that start-ups would get far more growth, innovation and entry into new markets if there was a more diverse combination of people involved.”

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