Tag: women entrepreneurs

Unleashing start-up talent

WOMEN ENTREPRENEURS A KEY FOCUS FOR INVESTMENT

A package of measures to help entrepreneurs start and grow their businesses will be delivered next year with funding in the draft Scottish Budget 2025/26.

As part of £15 million investment, at least £4 million will be invested to expand the number of women entrepreneurs by providing tailored support at the earliest stages of business creation.

The initiative contributes to overall spending of £34.7 million across entrepreneurship, innovation and social enterprise – a 50% increase on 2024/25. This includes continued investment in Techscaler, the Scottish Government’s flagship programme for tech start-ups. There will also be a new round of the Ecosystem Fund and a new fund to further develop clusters in sectors such as life sciences, digital and advanced manufacturing. 

Deputy first Minister Kate Forbes visited Gut Wealth, an Edinburgh-based start-up, to discuss founder Gemma Stuart’s experience of starting a business. Gut Wealth was a recent winner at the Scottish Government-supported Scottish EDGE awards.

The Deputy First Minister said: “This Budget commitment demonstrates that the Scottish Government stands squarely behind this and future generations of business talent. I want everyone, from every walk of life, to feel encouraged and supported in taking the first steps on their entrepreneurial journey.

“A growing, thriving start-up ecosystem is vital to a strong and growing economy and I want to make Scotland the best place in the world for founders to launch and grow a start-up business.

“Taking a close steer from Ana Stewart and and Mark Logan’s report into encouraging more women start their own businesses, the Scottish Government and our partners are building an end-to-end support network to ensure entrepreneurs are helped at each stage of their journey. Gemma’s success story is one that we are can, must and will replicate.”  

Founder of Gut Wealth Gemma Stuart said: “I have big ambitions to help people suffering with digestive ill-health to live life a bit more freely from the pain and shame of gut troubles. I’m proud to be scaling my business in Scotland as part of the thriving ecosystem here.

“In the last two years, I’ve accessed vital guidance and support from Business Gateway, Scottish Enterprise, AccelerateHER, RBS Accelerator and most recently Scottish EDGE to help me scale.

“I’ve built a strong network of founders and I’m especially grateful for the other female founders who have helped educate me on raising funds and shared opportunities.” 

Supporting Scotland’s women entrepreneurs

Report identifies 31 ways to reduce gender gap and boost economy

The Scottish Government will carefully consider proposals to support more women into entrepreneurship, First Minister Nicola Sturgeon has said following publication of a wide-ranging independent review.

Pathways: A New Approach for Women in Entrepreneurship was commissioned by the Scottish Government to identify ways to unlock untapped potential, close the gender gap and boost Scotland’s economy.

The review – led by Ana Stewart, an entrepreneur and investor, and co-authored with Mark Logan, chief entrepreneur to the Scottish Government – makes 31 recommendations. The steps include:

  • providing start-up training and support in a range of pop-up locations to help more women, and other primary care givers, access services
  • integrating entrepreneurial education into schools and further education
  • clarifying existing access pathways into entrepreneurship
  • improving access to start-up and growth finance
  • tracking and measuring progress towards full representation in entrepreneurship

Commenting on the report,  First Minister Nicola Sturgeon said: “I welcome Ana Stewart and Mark Logan’s work in delivering a powerful review of the barriers facing women in entrepreneurship in Scotland and presenting a compelling set of recommendations aimed at removing them.

“The review’s findings are challenging but underline the need to tackle the root-causes, as well as the immediate barriers, of this inequality.

“Fully realising the entrepreneurial potential of women in Scotland will not only promote greater equality in our society, it will also deliver significant benefits for the economy. 

“The Scottish Government will respond quickly to the review as a whole, and its recommendations.”

Review chair Ana Stewart said: “This review has, through a combination of extensive stakeholder engagement and robust data analysis, revealed that women face many significant barriers to entrepreneurship.

“Only one in five businesses in Scotland are female-led, while start-ups founded by women received only 2% of overall investment capital in the last five years. By taking a root cause and effect approach, our recommendations focus on dramatically increasing female participation rates to drive a vibrant and fairer entrepreneurial economy.”

The First Minister welcomed the publication of the review on a visit to Roslin Innovation Centre, where she met Ishani Malhotra, Chief Executive of Carcinotech, and Dr Kate Cameron, who founded Cytochroma.

Read the review report, Pathways: A New Approach for Women in Entrepreneurship.

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