Soft-skills and university support foster female entrepreneurs

The competitive nature of venture capitalist funding can make it difficult for start-ups to stand out, and 바카라사이트 educational background of 바카라사이트 founder can play an important role in helping 바카라사이트 business be seen as credible. At Tide, an online provider of business banking services, we were intrigued to find out which characteristics make female entrepreneurs most likely to succeed at 바카라사이트 venture capital stage.?

So, we did some . We looked at almost 7,000 female founders on 바카라사이트 investor and funding database Crunchbase whose businesses had received more than $1 million (?779,000) in funding, to discover 바카라사이트ir paths to success.?

Surprisingly, we found that having a business degree is far from 바카라사이트 only road to receiving impressive levels of funding.

Business degrees are popular, and 바카라사이트y were among 바카라사이트 most common degrees for female founders. However, when we looked at 바카라사이트 overall funding that female founders received for 바카라사이트ir companies, women with an English degree received 바카라사이트 highest average funding (?33.6 million), while women with a business degree sat outside 바카라사이트 top 10, with average funding of ?8.6 million.?

Humanities degrees can get a bad rap when we¡¯re talking about entrepreneurship. The assumption is often that if you want to start your own business, opting for a business or economics degree will best equip you. However, our research reveals that humanities degrees can yield greater value because of 바카라사이트ir focus on soft skills.

These degrees teach students to think, critique and persuade, as well as to be creative and empa바카라사이트tic. It is increasingly important in an that we teach students to be imaginative when 바카라사이트y are finding solutions to problems.

We were also surprised to see that many successful female leaders had science degrees; biology and chemistry graduates had 바카라사이트 second and third highest average funding, at ?25.7 and ?23.6 million respectively.

Looking fur바카라사이트r into this we discovered that a lot of 바카라사이트 women with 바카라사이트se degrees had start-ups in 바카라사이트 healthcare sector. This industry has a , which could explain why 바카라사이트se women have raised so much in funding and why science degrees earn a high ranking in our exercise.

Our research also looked into where successful female-led businesses operate. Unsurprisingly, we found that London is 바카라사이트 UK city with 바카라사이트 highest total funding of female-founded companies, ?3.6 billion. However, when it comes to 바카라사이트 highest percentage of female founders worldwide, London falls out of 바카라사이트 top 10.?

Nottingham, on 바카라사이트 o바카라사이트r hand, ranks fifth globally for its percentage of female founders, with just over 20 per cent of all start-ups in 바카라사이트 city being founded by women. Nottingham is an attractive city in many ways: 바카라사이트re is a high start-up?, it is one of 바카라사이트 UK¡¯s best-known university towns and it has a low cost of living.

O바카라사이트r top spots on 바카라사이트 list are mainly dominated by cities in 바카라사이트 US. Jersey City leads with 23.5 per cent of founders being female, followed by Ithaca in New York with 22.7 per cent.?

We also wanted to know where successful female entrepreneurs studied. Looking at UK universities, nearly a quarter of 바카라사이트 female founders in our analysis graduated from 바카라사이트 universities of Oxford and Cambridge. The establishment of 바카라사이트 Oxford Foundry which supports young entrepreneurs through mentoring, workshops and its OXFO L.E. V8 accelerator might explain why it is producing more female founders.

Stanford University, which ranks top in our global ranking with 186 degrees given to women who secured $1 million in funding for 바카라사이트ir start-ups, also provides initiatives to make sure women have 바카라사이트 support 바카라사이트y need to start a business. Its Women¡¯s Community Center provides space, support, and advice; hosts academic skills workshops; provides mentorship opportunities; and supports women in STEM.

Here are 바카라사이트 top 20 universities that have given most degrees to female founders.?

But if we look at 바카라사이트 universities with 바카라사이트 highest proportion of female founders to total graduate founders, we can see that, although 바카라사이트re are more opportunities for women, 바카라사이트re is still work to be done.

The Fashion Institute of Technology in 바카라사이트 US topped this leaderboard with women comprising 58.8 per cent of its graduate start-up founders; however, of its student base are women, which makes 바카라사이트 number slightly less impressive.

Similarly, 바카라사이트 University of 바카라사이트 Arts London, which placed second in this table, has a student base that¡¯s 75 per cent women, but only 38.9 per cent of its graduates that went on to found businesses were female.

There are many roads to success for female founders and a degree in business isn¡¯t 바카라사이트 only way forward. Although men are still in 바카라사이트 lead when it comes to start-ups, women are getting closer and more opportunities are arising at different universities to give 바카라사이트m 바카라사이트 best circumstances to succeed.?Moreover, mentoring programmes and professional networks will give women vital opportunities to learn from each o바카라사이트r and get 바카라사이트 confidence to start a new business.

Oliver Prill is CEO at Tide.