Innovate UK award celebrates female entrepreneurs

Monday 21 November 2016

Fifteen of Britain’s most innovative women have been recognised at the Innovate UK awards ceremony in London’s Royal Society of Arts. 

The contest was launched in May 2016 and hopes to challenge the low numbers of female entrepreneurs across the country. Every winner will receive £50,000 along with a tailored business support package. 

Winners come from all over the UK and work in a variety of different sectors, ranging from digital health to nuclear energy and green transport. 

As well as this, the victors will receive mentoring from some of Innovate UK’s top business leaders, including the Facebook VP for Europe, the Middle East and Africa Nicola Mendelsohn and Soraya Jones, founder of Cambridge Wireless and former CEO. 

It is hoped that a boost to female entrepreneurship could help to bring around £180 billion to the UK economy, as only half as many women are taking part in entrepreneurial activity when compared to men. 

As well as this, women are less probable to look for external sources of finance than men, which is why the campaign is providing more details on how to apply for funding. 

Innovate UK’s new campaign hopes to encourage more diversity in innovation and take down barriers in female entrepreneurship. 

Dr Ruth McKernan, CBE and chief executive of Innovate UK, said: “It is very clear that harnessing the talent of women entrepreneurs could significantly enhance UK economic growth.” 

“I am delighted that we are taking action; supporting and funding female entrepreneurs to help them succeed and inspire other women to come forward, apply for funding and turn their ideas into successful businesses.”

Ms McKernan went on to say that the winners work in a variety of fields, providing an “eye-opening” view of the fantastic talent and ambition across Britain’s population of female entrepreneurs. 

What is the best way to learn about entrepreneurship?

If you are interested in becoming an entrepreneur, it is important to gather as many details as possible to see if it is the right lifestyle for you. 

While it could be daunting for some people to walk into the unknown field of self-employment, it could be a fantastic decision for both your career and health. 

Often, people running their own business are able to create working days that suit their needs, providing more time for leisurely activities. 

What’s more, self-employment puts you in control of your own career, meaning you can spend time focusing on the areas you wish to develop in, rather than having a repetitive routine. 


By Victoria McDonnell

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