Next Chapter Launches New Programme To Get Female Founders Ready For Funding
Hong Kong – With the recent focus on rising female entrepreneurship and empowerment, there is still the issue of the amount of funding that female entrepreneurs receive in contrast to male founded businesses. According to Crunchbase in the USA, only 17% of startups have a female founder. Across all funding stages in 2016, $10 billion went to companies with at least one female founder contrasted with $94 billion invested in male-only founder teams.
We are also hearing from senior female investors such as Susan Lyne, co-founder of BBG Ventures, who confirms that “the biggest issue is not the number of women starting companies, but the access to capital as you move up the food chain”.
Next Chapter’s new programme provides an environment for female founders to both better understand the investment process and be prepared to knowledgeably and effectively sit at the table with investors. The programme called “Get Ready for Funding”, launched by Next Chapter’s founder, Nicole Denholder, was developed after discussions with female entrepreneurs over the past two years while running her successful crowdfunding platform for female entrepreneurs. Aligned with Next Chapter’s mission to work with female founders to evolve and continually access funding, this new programme is a natural extension of Next Chapter’s crowdfunding platform.
Nicole Denholder was pleased with the “phenomenal response and feedback” from our pilot group and is bringing that learning into the second programme running in May, for which applications are now open.
As Denholder notes “we found that the entrepreneurs not only gained valuable knowledge about the investment process, but they also received insights into their business models that have helped them shape their future investment needs and growth plans.”
The programme, which includes 15 hours of workshops covering 6 topics, is not looking to replicate the usual pitch preparation approach but is responding to female-founder specific needs as many of them are sole founders looking for a way to connect into an environment and community uniquely in tune with their business growth issues.
More details on the programme can be found at:
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