New women’s funding revealed after research finds only one in seven women apply for innovation support

Women’s business ideas are as strong as men’s but only one in seven innovation funding applications are from women, new research has revealed.

Via Shutterstock - Innovation support
Via Shutterstock

According to Innovate UK, which analysed over 8,500 applications since 2013, the health and life sciences sector has a higher level of applications from women (17 -29%).

Northern Ireland had the highest proportion (20%) of applications submitted by women and the West Midlands had the lowest number (9%) of applications from women.

In response to its findings that only 14% of applications are by women, Innovate UK has launched a £200,000 funding competition for women with innovative business ideas.

The infocus Women in Innovation Awards is a women-only competition and is designed to offer both funding and mentoring.

Ambassadors backing the infocus campaign include Deputy Team Principal of Williams F1, Clare Williams, investment manager Nicola Horlick, entrepreneur and investor Sherry Coutu CBE, Facebook VP EMEA Nicola Mendelsohn and science and technology broadcaster and women in tech champion, Maggie Philbin.

Innovate UK also commissioned extra research by Ebiquity, which found that 31% of female innovators feel that being a woman in a male-dominated industry has affected their career in a negative way.

You can find out more information on how to apply here.

Kayleigh Bateman
About the author

Kayleigh Bateman is the head of digital content and business development at WeAreTheCity. As a journalist there she covers stories about women in IT and looks after its women in technology community. She was previously the special projects editor for Computer Weekly and editor of CW Europe. Kayleigh attended the University of Hertfordshire, where she studied for her BA in English literature, journalism and media cultures. You can contact her at [email protected]

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