Accelerating women founders has been saved
Accelerating women founders
The untapped investment opportunity
Start-ups are vital to Australia's economic prosperity. However, we’re not fully leveraging our women entrepreneurs: only 22% of Australian start-ups are founded by women. SBE Australia asked Deloitte Access Economics to explore trends in women-founded businesses and the impact of support programs.
The start-up ecosystem in Australia has changed significantly over the last decade. Support programs like SBE, Heads over Heels and Scale Investors have had a range of positive impacts on participating women founders – particularly in improving confidence and access to professional networks. Program participants also have higher expectations of revenue growth, with almost three-quarters attributing their improved business growth trajectory to program support.
However, a number of barriers exist for women founders, especially around accessing capital. Only 0.7% of all private start-up funding in FY22 went to solely female founding teams, despite funding increasing tenfold between FY18 and FY22. As a result, women are not raising the amount of capital needed to scale.
Shifting the dial on funding presents a significant economic opportunity to Australia to better leverage our women entrepreneurs. However, to do so requires structural and behaviour change – more co-ordinated action and commitment to change across the entire start-up ecosystem is needed.
Published: September 2022