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Male-owned businesses get seven times more funding than those owned by women

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Does a woman need a man to succeed? Exclusive data from Startups reveals that when it comes to funding, the answer is yes.

Businesses with male founders or co-founders receive nearly seven times more funding on average than female owned businesses, Startups.co.uk can exclusively reveal.

We collected data from over 200 small businesses as part of our 2021 Startups 100 index, an annual ranking of the 100 most disruptive UK small companies.

Our results show that, on average, a female-founded business receives £644,000 in total funding, compared to a staggering £4.34 million for a solely male-owned organisation.

The importance of a right-hand man

Almost exactly one month after International Women’s Day, our findings paint a depressing picture of sexism within the UK’s venture capital community.

But the disparity is even more shocking when compared to businesses with both male and female founders.

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The Startups data found that the average amount of funding received is £4.2m – almost the same average amount raised by a solely male-founded company.

This suggests that, while progress has been made towards gender diversity in business, a male founder is still required for female entrepreneurs to secure significant early-stage investment.

 Average initial funding
Female-owned startups£643,863
Male-owned startups£4,340,252
Male/female-owned startups£4,270,708

Independent women

As well as looking at the amount of funding received based on gender, Startups also investigated the percentage of businesses that were started without any external investment.

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We discovered that over half of female founded businesses are bootstrapped – or self-funded – compared to just 26% of male organisations.

This is likely a consequence of the gender funding gap, with women more likely to encounter obstacles to obtaining capital.

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Bootstrapping is a common entry route for new businesses. However, there are a lot of disadvantages to self-financing.

Not receiving upfront money from venture capitalists may give you more business control, but it can quickly cause cash flow issues if your sales numbers don’t meet expectations.

Many startup owners who are bootstrapping also forgo a salary in the beginning months.

Female entrepreneurs having to bankroll their business themselves not only brings personal financial risk, but also increases the chance of startup failure.

Andrea Berchowitz, co-founder of Vira Health, a digital health platform to support women during menopause, told Startups:

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“I think structurally the lack of diversity in the investor community is a bigger problem. Take an investor, they see 50 companies, look for their traditional pattern and then invest in the same things with the same type of people.

“They need to hold themselves accountable to invest in x many black founders, x many female founders. Unless they set these goals, equal funding is never going to happen.”

If you are a female entrepreneur looking to start a new business venture, it would be easy to feel put off by our research. But don’t worry – the team at Startups is here to help.

We are the UK’s number one independent small business online resource. You can read any of our thousands of guides for information on everything from the best business grants for women, how to write a business plan, and even inspirational entrepreneur success stories.

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Startups.co.uk is reader-supported. If you make a purchase through the links on our site, we may earn a commission from the retailers of the products we have reviewed. This helps Startups.co.uk to provide free advice and reviews for our readers. It has no additional cost to you, and never affects the editorial independence of our reviews.

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Opinion

Top 10 UK’s Food Startups in 2024: Innovative Companies to Watch Out For

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man in black crew neck t shirt sitting beside woman in gray crew neck t shirt

The UK’s food startup scene is rapidly evolving, with new companies emerging every year. In 2024, there are several innovative leaders in the industry that are making waves with their unique products and services. From plant-based alternatives to sustainable packaging solutions, these startups are changing the way we think about food.

A bustling food market with colorful stalls, showcasing the top 10 UK food startups in 2024. Customers sample and purchase innovative dishes while entrepreneurs eagerly promote their products

Investment trends and financial growth are also key factors in the success of these startups. Many of them have secured significant funding from venture capitalists and other investors, allowing them to expand their operations and reach a wider audience. As the demand for healthier, more sustainable food options continues to grow, these startups are well-positioned to capitalize on this trend.

Consumer impact and market response are also important considerations for these startups. They must be able to offer products that meet the needs and preferences of today’s consumers, while also staying ahead of the competition. By focusing on innovation and sustainability, these startups are poised to make a lasting impact on the food industry in the UK and beyond.

Key Takeaways

  • UK’s food startup scene is rapidly evolving with innovative leaders emerging in 2024.
  • Investment trends and financial growth are key factors in the success of these startups.
  • Consumer impact and market response are important considerations for these startups.

Innovative Leaders in UK’s Food Startup Scene

A bustling food market with modern, sleek food stalls and vibrant signage. People are gathered around, tasting and discussing the latest food innovations

The UK’s food startup scene is thriving with innovative leaders pushing boundaries in plant-based foods, reducing food waste, and tech-driven delivery services. Here are the top 10 startups to watch out for in 2024.

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Plant-Based Pioneers

  1. THIS: This startup is revolutionizing the plant-based meat industry with its hyper-realistic meat alternatives made from soy and pea protein. Their products are already available in major UK supermarkets and restaurants.
  2. The Meatless Farm Co.: Another plant-based meat alternative company, The Meatless Farm Co. has gained popularity for its delicious and sustainable products. They have recently expanded into the US market and are continuing to grow.

Food Waste Warriors

  1. Too Good To Go: This app-based startup connects consumers with restaurants and cafes to reduce food waste. Customers can purchase discounted meals that would otherwise go to waste, and businesses can reduce their environmental impact.
  2. Winnow: Winnow helps commercial kitchens reduce food waste by using AI-powered technology to track and analyze food waste. Their technology has already saved businesses millions of pounds in food waste costs.

Tech-Driven Delivery Services

  1. Deliveroo: Deliveroo is a well-known food delivery service that partners with restaurants to offer customers a wide range of food options. They are constantly innovating and improving their technology to provide a seamless delivery experience.
  2. Gousto: Gousto is a recipe box delivery service that provides customers with pre-portioned ingredients and recipes to cook at home. Their technology allows for a personalized and convenient cooking experience.

These are just a few of the innovative leaders in the UK’s food startup scene. With their dedication to sustainability, technology, and delicious food, they are sure to continue making an impact in the industry.

Investment Trends and Financial Growth

The top 10 UK food startups of 2024 are showcased with investment trends and financial growth data

The UK’s food startup scene is thriving, with a number of exciting companies making their mark in the industry. These companies are attracting significant investment, with venture capital firms and government agencies alike recognizing the potential of the sector.

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Venture Capital Highlights

Venture capital firms are playing a major role in funding UK food startups. In 2023, food and drink companies raised £1.4 billion in venture capital funding, up from £1.1 billion in 2022. This represents a significant increase in investment, highlighting the growing interest in the sector.

Some of the most notable investments in UK food startups in recent years include Futura Foods, which raised £15 million in a funding round led by Mobeus Equity Partners in 2023, and Farmdrop, which raised £10 million in a funding round led by Atomico in 2022.

Government Support and Grants

In addition to venture capital funding, UK food startups are also benefiting from government support and grants. The UK government has made a number of initiatives available to food startups, including the Food and Drink Sector Council, which provides guidance and support to companies in the sector.

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One of the most significant government initiatives for food startups is the Innovate UK Smart Grants, which provide funding for innovative projects in a range of sectors, including food and drink. In 2023, Innovate UK awarded £9.5 million in Smart Grants to food and drink companies, highlighting the government’s commitment to supporting innovation in the sector.

Overall, the UK’s food startup scene is attracting significant investment and support, with venture capital firms and government agencies recognizing the potential of the sector. This investment is helping to fuel growth and innovation, and is likely to continue in the coming years.

Consumer Impact and Market Response

The bustling streets of London showcase a vibrant array of food startups, with eager consumers lining up to sample the latest culinary creations. The market buzzes with excitement as vendors showcase their innovative products, drawing in crowds with unique flavors and sustainable practices

Adoption Rates

The top 10 UK’s food startups in 2024 have seen a significant increase in consumer adoption rates. These startups have been successful in introducing innovative and sustainable food products to the market, which have been well-received by consumers. The adoption rates of these startups have been driven by consumers’ growing interest in healthy and sustainable food options.

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One of the notable startups that have seen a high adoption rate is Beyond Meat. The company’s plant-based meat products have been embraced by consumers who are looking for healthier and more sustainable protein alternatives. Beyond Meat’s products are now available in major supermarkets across the UK, and the company has plans to expand its product line to meet the growing demand.

Another startup that has seen a high adoption rate is Impossible Foods. The company’s plant-based meat products have gained popularity among consumers who are looking for meat alternatives that taste and feel like real meat. Impossible Foods has partnered with major fast-food chains in the UK to offer its products to a wider audience.

Market Disruption

The top 10 UK’s food startups in 2024 have disrupted the food market by introducing innovative and sustainable food products. These startups have challenged the traditional food industry by offering healthier and more sustainable alternatives to conventional food products.

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For instance, The Modern Pantry, a startup that offers healthy and sustainable snacks, has disrupted the snack food market by offering products that are free from artificial ingredients and preservatives. The company’s products have gained popularity among health-conscious consumers who are looking for healthier snack options.

Another startup that has disrupted the food market is Farmdrop. The company offers fresh and locally sourced produce to consumers, challenging the traditional supermarket model. Farmdrop’s business model has resonated with consumers who are looking for more sustainable and ethical food options.

Overall, the top 10 UK’s food startups in 2024 have had a significant impact on the food market. These startups have introduced innovative and sustainable food products that have disrupted the traditional food industry. As consumers become more conscious of their health and the environment, these startups are well-positioned to continue their growth and success in the years to come.

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Startups

Rising from Adversity: Kharkiv’s Tech Start-Ups and the Art of Business Resilience in Ukraine

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In the bustling city of Kharkiv, Ukraine, a remarkable story of resilience and innovation is unfolding. Despite facing extreme disruption, the region’s tech start-ups have defied the odds, showcasing the indomitable spirit of Ukraine’s entrepreneurs and engineers. This article delves into the extraordinary journey of Kharkiv’s tech ecosystem, exploring how it has emerged as a testament to unwavering determination and adaptability in the face of adversity.

Introduction

The city of Kharkiv has long been a hub of technological advancement and entrepreneurial fervour. Home to a burgeoning community of start-ups and tech companies, it has rapidly gained recognition as a hotbed of innovation in Ukraine. However, the region’s resilience has been put to the ultimate test in recent years, as it grappled with unprecedented challenges ranging from political unrest to armed conflict. Despite these adversities, Kharkiv’s tech start-ups have not only survived but thrived, offering invaluable lessons in business resilience.

The Genesis of Kharkiv’s Tech Ecosystem

To understand the remarkable resilience of Kharkiv’s tech start-ups, it is essential to delve into the origins of the region’s burgeoning ecosystem. The city’s rich legacy of academic excellence and scientific research laid the groundwork for a vibrant culture of innovation. With a strong emphasis on STEM education and a pool of talented engineers and developers, Kharkiv became an ideal breeding ground for tech entrepreneurship.

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Navigating Adversity: The Impact of Political Unrest and Armed Conflict

The outbreak of political unrest and armed conflict in Ukraine cast a dark shadow over Kharkiv’s burgeoning tech scene. The region found itself grappling with economic instability, infrastructure disruptions, and an uncertain business environment. In the face of such formidable challenges, many would have expected Kharkiv’s tech start-ups to falter. However, what transpired was nothing short of extraordinary.

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Adaptability in Action: Pivoting Strategies and Innovation

Faced with extreme disruption, Kharkiv’s entrepreneurs and engineers demonstrated remarkable adaptability, swiftly pivoting their business strategies to navigate the tumultuous landscape. From embracing remote work models to diversifying their product offerings, these companies showcased an unparalleled ability to innovate in the face of adversity. The rapid adoption of cutting-edge technologies and agile development methodologies further underscored their commitment to staying ahead of the curve.

Forging Resilient Partnerships: Collaborative Ecosystem and Global Outreach

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Central to Kharkiv’s resilience was the spirit of collaboration that permeated its tech ecosystem. Start-ups, established companies, academic institutions, and government agencies joined forces to provide mutual support and foster innovation. Furthermore, despite the challenging geopolitical climate, Kharkiv’s tech community actively pursued global partnerships and market opportunities, showcasing an unwavering commitment to growth and expansion.

The Human Element: Nurturing Talent and Well-Being

Amidst the chaos and uncertainty, Kharkiv’s tech leaders recognized the importance of prioritizing the well-being and professional development of their teams. Initiatives focused on mental health support, skill enhancement programs, and inclusive work cultures played a pivotal role in sustaining morale and driving productivity. The emphasis on nurturing talent underscored the human-centric approach that defines Kharkiv’s tech ecosystem.

Looking Ahead: Lessons in Business Resilience for a Global Audience

As Kharkiv’s tech start-ups continue to chart an inspiring path of recovery and growth, their journey offers invaluable insights for businesses worldwide. The principles of adaptability, collaboration, innovation, and human-centric leadership that have underpinned their success serve as a compelling blueprint for building resilience in the face of extreme disruption. By studying the experiences of Kharkiv’s entrepreneurs and engineers, organizations across the globe can glean actionable strategies to fortify their business resilience.

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Conclusion

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In conclusion, Kharkiv’s tech start-ups have emerged as beacons of hope and inspiration in the face of unprecedented challenges. Their unwavering resilience, innovative spirit, and collaborative ethos have not only sustained their businesses but also propelled them towards new heights of success. As Ukraine’s entrepreneurs and engineers continue to defy adversity, their story stands as a testament to the transformative power of resilience in business. The world can undoubtedly draw profound lessons from Kharkiv’s remarkable journey—a journey that epitomizes the triumph of human ingenuity in the most trying times.

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Business

Nagaland International Trade Expo 2024: Boosting Economic Growth and Entrepreneurship

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Introduction

The Nagaland International Trade Expo 2024 is a significant platform for local entrepreneurs to showcase their products and services. This event is designed to provide a boost to the economy and promote entrepreneurship in the region. The expo is set to take place from January 18 to 22, 2024, and will be held in Mon Town, Nagaland.

The primary objective of the Nagaland International Trade Expo 2024 is to provide local entrepreneurs with a platform to highlight and promote their products and services. The expo will also have a significant impact on the cultural and social aspects of the region. The event will feature a wide range of products and services from various sectors, including agriculture, textiles, handicrafts, tourism, and more.

Key Takeaways

  • The Nagaland International Trade Expo 2024 is a platform for local entrepreneurs to showcase their products and services.
  • The event aims to boost the economy and promote entrepreneurship in the region.
  • The expo will feature a wide range of products and services from various sectors, including agriculture, textiles, handicrafts, tourism, and more.

Overview of Nagaland International Trade Expo 2024

The Nagaland International Trade Expo 2024 is a five-day event that provides a platform for local entrepreneurs to showcase their products and services. The expo is scheduled to be held from January 18 to 22, 2024, and will be hosted in Dimapur, the largest city in Nagaland. The main objective of the expo is to promote economic growth and entrepreneurship in the state.

The event is expected to attract a large number of visitors from different parts of the country as well as from other countries. The expo will feature various exhibitions, seminars, and workshops that will focus on different aspects of entrepreneurship and economic growth. The organizers have also invited experts from different fields to share their knowledge and experience with the attendees.

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The Nagaland International Trade Expo 2024 will provide a unique opportunity for local entrepreneurs to network with other entrepreneurs and investors. It will also help them to learn about the latest trends and technologies in their respective fields. The expo will feature a wide range of products and services, including handicrafts, textiles, food products, and IT services. The organizers have also arranged for cultural programs and entertainment events to showcase the rich cultural heritage of Nagaland.

In conclusion, the Nagaland International Trade Expo 2024 is an excellent platform for local entrepreneurs to showcase their products and services and to learn about the latest trends and technologies in their respective fields. The expo is expected to attract a large number of visitors and investors, which will help to promote economic growth and entrepreneurship in the state.

Economic Opportunities and Business Development

The Nagaland International Trade Expo 2024 provides a platform for economic growth and entrepreneurship. The event aims to attract investments, promote entrepreneurial ventures, and establish international partnerships.

Investment Attraction

The trade expo offers a unique opportunity for investors to explore the potential of Nagaland’s economy. The region is rich in natural resources and has a skilled workforce. The event showcases the latest developments in various industries, including agriculture, tourism, and manufacturing. Investors can interact with local entrepreneurs and government officials to learn about investment opportunities and regulations.

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The trade expo provides a platform for local entrepreneurs to showcase their products and services. The event aims to promote entrepreneurship and innovation in Nagaland. Entrepreneurs can interact with potential customers, investors, and partners to expand their business networks. The expo also offers training and mentoring sessions for aspiring entrepreneurs.

International Partnerships

The Nagaland International Trade Expo 2024 aims to establish international partnerships to promote trade and investment. The event attracts participants from various countries, providing an opportunity for cross-border collaborations. The expo also hosts networking events, business matchmaking sessions, and seminars on international trade. Participants can explore potential partnerships and collaborations with businesses from different parts of the world.

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In conclusion, the Nagaland International Trade Expo 2024 offers a unique platform for economic growth and entrepreneurship. The event provides opportunities for investment attraction, entrepreneurial ventures, and international partnerships. The expo showcases the potential of Nagaland’s economy and promotes the region as a hub for business and innovation.

Cultural and Social Impact

The Nagaland International Trade Expo 2024 not only serves as a platform for economic growth and entrepreneurship but also has a significant cultural and social impact on the local community. The event promotes the local culture and provides a platform for community engagement.

Promoting Local Culture

The Expo showcases the rich cultural heritage of Nagaland, providing a platform for local artists, musicians, and artisans to showcase their talents and products. Visitors can experience the unique Naga way of life, art, and traditions through various cultural events, food festivals, and exhibitions.

Local entrepreneurs also have the opportunity to promote their businesses and products, which are often inspired by Naga culture. This not only helps to preserve and promote the local culture but also supports the local economy.

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Community Engagement

The Expo provides a platform for community engagement by bringing together people from different parts of Nagaland and beyond. It serves as a meeting point for entrepreneurs, investors, and consumers to exchange ideas, build relationships, and explore business opportunities.

The event also provides opportunities for workshops, seminars, and skill-building sessions, which help to enhance the knowledge and skills of local entrepreneurs. This, in turn, helps to create a more vibrant and sustainable local economy.

Overall, the Nagaland International Trade Expo 2024 has a significant cultural and social impact on the local community. It promotes the rich cultural heritage of Nagaland, supports local entrepreneurs, and provides a platform for community engagement.

Logistics and Event Planning

Venue and Infrastructure

The Nagaland International Trade Expo 2024 is being held at the Senden Riju Sports Complex in Kohima, Nagaland. The venue provides ample space for exhibitors and attendees to showcase and explore various products and services. The complex is equipped with modern facilities such as a large parking area, clean restrooms, and a food court with a variety of cuisines.

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In addition, the organizers have ensured that the infrastructure of the venue is well-maintained and up-to-date. The exhibition halls are equipped with high-speed internet connectivity, power backup, and air conditioning to ensure a comfortable and hassle-free experience for everyone.

Transportation and Accommodation

Transportation and accommodation are essential elements of any large-scale event. The organizers of the Nagaland International Trade Expo 2024 have taken care of these aspects to ensure a smooth experience for visitors.

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The venue is easily accessible by road, and the organizers have arranged for shuttle services from major hotels in Kohima to the venue. Visitors can also avail themselves of taxis and private vehicles to reach the venue.

As for accommodation, Kohima has a variety of hotels and guesthouses that cater to different budgets and preferences. The organizers have partnered with several hotels in the city to offer discounted rates to visitors to the expo. It is recommended that visitors book their accommodation in advance to avoid any last-minute hassles.

Overall, the logistics and event planning for the Nagaland International Trade Expo 2024 have been meticulously planned to ensure a seamless experience for everyone involved.

What are the dates and venue for the Nagaland International Trade Expo 2024?

The Nagaland International Trade Expo 2024 is being held from January 18 to 22, 2024, at the Agri Expo Site, Dimapur, Nagaland.

Which sectors and industries are being highlighted at the Expo?

The Expo aims to provide a platform for local entrepreneurs to showcase and promote their products and services. The sectors and industries being highlighted at the Expo include agriculture, horticulture, handicrafts, textiles, tourism, and startups.

How can businesses or entrepreneurs participate or exhibit at the event?

Businesses or entrepreneurs interested in participating or exhibiting at the event can contact the Nagaland Industrial Development Corporation (NIDC) for more information. The NIDC is the nodal agency for organizing the Expo.

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What opportunities are there for networking and partnerships during the Expo?

The Expo provides ample opportunities for networking and partnerships. Business owners and entrepreneurs can interact with each other and explore potential collaborations. The Expo also hosts seminars and conferences, which provide a platform for industry experts to share their knowledge and insights.

Are there any specific events or workshops aimed at skill development and entrepreneurship?

Yes, the Expo hosts various events and workshops aimed at skill development and entrepreneurship. These events and workshops provide attendees with valuable insights and knowledge on various topics such as marketing, branding, and financial management.

What measures are being taken to ensure sustainability and eco-friendliness at the Expo?

The organizers of the Expo are taking various measures to ensure sustainability and eco-friendliness at the event. These measures include the use of eco-friendly products and materials, waste management systems, and the promotion of sustainable practices among exhibitors and attendees.

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