The entrepreneurial world is brimming with opportunities, yet diverse women still face systemic barriers that prevent their ideas and dreams from becoming thriving businesses. At #SheDIDIT, we have long aimed to create an diverse environment for womenpreneurs, empowering them through coaching, community, and shared knowledge. Despite our efforts, one critical challenge remains: access to funding.
Why do we need #SheFUND?
Currently, only 2% of global investments go to female founders, with even fewer reaching women of color. This isn’t due to a lack of talent or ambition; rather, it stems from structural biases, lack of representation in leadership, and limited access to networks. These barriers create a challenging environment for women to thrive as entrepreneurs. Women of color often face a “double bias”—based on both gender and race—which complicates their ability to secure funding or gain industry recognition. Furthermore, the lack of female representation among venture capitalists and angel investors exacerbates this problem, leaving female-led startups underfunded. The European Investment Bank (EIB) highlights that addressing gender employment gaps could potentially increase global GDP by 26%, demonstrating that empowering women entrepreneurs benefits everyone.
What does #SheFUND offer?
#SheFUND was designed to address these challenges by offering interest-free loans ranging from €1,000 to €10,000 to diverse womenpreneurs. We provide more than just funding; we offer training that enhances investor readiness, such as creating investor-friendly financial plans and perfecting pitch presentations. Our mission is not only to bridge the funding gap but also to prepare women entrepreneurs to overcome systemic obstacles confidently and effectively.
As highlighted in recent research by the European Commission and the EIB, the funding environment for women entrepreneurs is gradually improving, but challenges persist, including structural inequities and gender biases. Women-led companies have been shown to outperform in median revenues at later stages, yet they struggle to secure initial investments due to persistent underrepresentation among investors.
A call to action for change-makers
We believe that creating change starts with bringing people together. Our mission resonates with those who see value in an inclusive and diverse entrepreneurial ecosystem. For those who want to make a difference, #SheFUND provides avenues for engagement, such as participating in our events, where you can have insightful discussions with aspiring womenpreneurs, and joining our network, where we will continue to share the success stories of our supported women, providing visibility into how your contributions make a tangible difference. By participating, you’re not just supporting a cause—you’re investing in the future of diverse women-owned businesses and contributing to a more inclusive economic landscape.
To our womenpreneurs
If you’re 18 or older, have a registered business, and are looking for the capital to bring your ideas to life, #SheFUND is here to help. Whether you’re an alumna of our #SheMeansBusiness program or willing to join, this initiative offers you an opportunity for funding, coaching, and networking that can transform your entrepreneurial journey. Applications are open until November 20th, 2024—seize this chance to be part of a supportive community that genuinely believes in your potential.
Together, we can close the funding gap
Addressing the funding gap for diverse women entrepreneurs is not just an ethical issue; it’s an economic opportunity. Every womanpreneur supported by #SheFUND is not only contributing to her personal success but also helping to foster a more inclusive and dynamic economy. Let’s work together to ensure that every great idea has a chance to flourish.