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