Recent research by Silicon Valley Bank has found that more than a third of tech and health start-ups in the UK have no women in executive roles despite efforts to promote female leadership.
The bank’s Women in Technology Leadership 2019 report, which is part of the 10th-anniversary Start-up Outlook report, reveals that start-ups are actively seeking to increase the number of women in executive positions, but progress is not happening fast enough.
The report shows that while there has been some overall progress in the last year, just 56 per cent of start-ups globally currently have at least one woman in an executive position, and only 40 per cent have at least one woman on the board of directors.
However, in the UK, the number of start-ups with at least one female director shot up by an impressive 13 per cent to 47 per cent. Unfortunately, the number with at least one woman in an executive position fell by two per cent to 57 per cent.
According to the bank, the lack of women in senior positions can be largely down to the gender of the founder of the business, and only five per cent of start-ups with male founders have a female Chief Executive.
However, start-ups are starting to realise that they must be more proactive in this area, and 59 per cent of those surveyed for the report said they had a programme in place to close the gender gap.
Meanwhile, the report’s authors are optimistic. The bank’s Chief Executive said that he believes the innovation economy is making progress and sees that increasing gender diversity is an important way to attract skilled talent, which is often a challenge for start-ups.
Jon Stocker, General Practice Partner at Milsted Langdon, said: “What needs to be addressed is why females are not utilising the leadership roles available in the tech industry despite there being a proactive push to improve gender equality.
“If you are a woman and are considering a senior role in a tech business, but would like further support on how to make your career successful, then please get in touch today.”
For more information about how Milsted Langdon can help, please contact Jon at email@example.com or by calling 01935 383500.