Here is something you probably didn’t know: Just 3% of all tech start-ups are led by women, according to a Kauffman Foundation report. Despite this, it’s interesting to learn that women-led private technology companies are more capital-efficient, achieving 35% higher return on investment, and, when venture-backed, bringing in 12% higher revenue than male-owned tech companies.
At Co-creation Hub, we encourage, support and promote active female participation in technology and technology entrepreneurship. That’s why we are excited to be part of the Google for Entrepreneurs’ #40Forward challenge.
What have we done so far to get more women involved in technology?
In the last 2 years, we have hosted networking and information sessions where women, interested or already active in technology, get to learn and share their knowledge, experiences and challenges.
In December 2012, we had our first Ladies in Tech meetup with the purpose to form a synergy amongst women in technology and discover ways to maximize available opportunities, particularly with regards to what the CcHub community can provide.
From these sessions, we have identified some pain points for women in technology in Nigeria. There is the struggle to succeed in a predominantly male dominated field while learning to balance business and family life. All this in addition to the challenges common to all entrepreneurs such as how to:
improve business and technical skills
learn to build great products/offer great services
learn to sell said products and services
collaborate with partners and connect with potential investors
finding good hands to work with
identify opportunities to grow their business
Less Talk, More Action
With all these lessons in mind, this year, we are designing a high impact program that addresses these needs, and best of all, yields results. The program will identify aspiring and existing female technology entrepreneurs in Nigeria and provide them with necessary resources and support to grow successful businesses.
The goals of the program are to:
Equip potential and existing female technology entrepreneurs with the skills needed to build and grow their businesses.
Provide mentoring, training, and potential funding for female technology entrepreneurs in Nigeria.
By so doing, we will also:
Increase the number of women actively involved in technology entrepreneurship in Nigeria
Increase networking opportunities locally for women in STEM fields in Nigeria
Develop a critical mass and build a steady pipeline of skilled women in STEM in Nigeria
At the end of the program, participants will have formed teams and transformed their ideas into products and/or services fit to push to the market.
Are you a Nigerian female with a start up business or idea? Follow the link below to be a part of this project.