Female founders become Accenture Lab’s new focus
Female founders are Accenture’s new focus this year as the global agency open applications for its eighth Fintech Innovation Lab in London today.
As well as supporting fintechs from around the world to accelerate their propositions, this year Accenture wants to narrow the gender gap in fintech.
The company’s analysis reported female-founded companies received less than 3.5% of all UK venture capital funding in 2018, with companies led by women receiving less than half the average investment into start-ups led by men.
“I think it’s extremely important that female founders, of fintechs in particular, are encouraged to take part in these programmes as there is still plenty to be done to narrow the gender gap in the industry,” says 2018 Lab participant, Caroline Hughes, Lifetise co-founder and CEO.
“Accenture’s lab is open to all, and it’s great to see a specific focus on gender equality this year, alongside other initiatives such as technology for good. Good luck to all those applying!”
In the lead up to 2020, the Lab will work with fintech platform FS6 to proactively scout female-led start-ups to apply for the three-month accelerator programme.
The organisers have also decided to include female CEO-led masterclass sessions on the programme, tailoring content specifically for women in fintech.
“It’s integral for the financial services industry that we all work to create an equal playing field in a highly competitive space,” says the Lab’s MD and executive sponsor, Tom Graham. “Programmes like the Innovation Lab are a great first step to guiding and progressing fintechs with founders from all backgrounds.”
Since its launch, the London Lab has seen 94 start-ups come through its doors, securing a total of c$400m in funding.