London start-ups thrice as likely to be founded by women than Silicon Valley
Female entrepreneurs more motivated to start businesses with a social impact according to Wayra Start-Up DNA report
Start-ups in London are three times more likely to be founded or co-founded by women than in US tech hub Silicon Valley, a report by Wayra claims.
Despite having a greater number of female entrepreneurs than California, the Start-Up DNA report found that there are still far fewer female founders in the capital than male with women 80% more likely to be earning £15,000 less a year than their male counterparts.
When it comes to business opportunities, the research also revealed that British women are much more likely to start up in the creative industries and education and are more motivated to start a business with a social conscience.
Equally, the research reinforced gender stereotypes with none of the women surveyed part of a banking or finance start-up – indicating that women are somewhat shying away from sectors traditionally dominated by men.