There is a proven need for AllBright to support female founders in the UK.
Globally less than 10% of funding goes to women-led businesses, and in the UK 2.17% of funding went to women in 2016. - Pitchbook
To help us better understand why that is, we conducted a survey of over 500 women and found:
Funding: An overwhelming number (over 75%!) of our respondents need funding NOW to launch or grow their businesses, and 22% of our survey respondents who have had trouble seeking funding in the past said that they feel as if they aren’t being heard.
Skills: A third of our respondents would like to take a formal class or course to better-prepare them for entrepreneurship, but of those women, more than half feel like they aren’t able to do so because: they don't have enough money for the right courses (54%), they don't have time (42%), and they don't know where to go to access the resources they need (42%).
Networks: 90% of women who have started their own businesses know someone else who has started his or her own business. 21% of ASPIRING female founders have said that not knowing anyone else who has launched his or her own business has expressly kept them from launching their own businesses, and that they didn’t even know where to start.
AllBright was launched in October 2016 by co-founders Debbie Wosskow OBE (CEO and Founder of Love Home Swap) and Anna Jones (former CEO of Hearst UK) with a mission to fund and support female entrepreneurs across the UK and to ultimately make the UK the best place to be a female founder.
AllBright developed the AllBright Collective, an ecosystem to deliver capital, business skills, connections and confidence to female founders across main business areas including the AllBright EIS Fund, the AllBright Academy and AllBright Events.