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Study suggests fixing gender funding gap would boost global economy

Video Credit: 41 Action News - Duration: 01:57s - Published < > Embed
Study suggests fixing gender funding gap would boost global economy

Study suggests fixing gender funding gap would boost global economy

New research by the Boston Consulting Group suggests that closing the gender funding gap for entrepreneurs could pay off big time for the global economy.

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Study suggests fixing gender funding gap would boost global economy

WOULD SEE A FIVETRILLION-DOLLAR BOOSTIF FEMALEENTREPRENEURS HAD THESAME FUNDING AS MEN.41 ACTION NEWSREPORTER EMMA JAMESINTRODUCES US TO ONEWOMAN WHO TOOK ANIDEA AND RAN WITH IT --AND WHY SHE'S ANEXCEPTION ---AND NOTTHE RULE.2:26:22 "Women are unstoppable."LAUREN LAWRENCE KNOWSGETTING A STARTUP BUSINESSTO TAKE OFF ISN'T A WALK INTHE PARK.2:22:18 "Everyday you're like ohIshould quit, I mean it's hard."SHE WORKED AS A COURTREPORTER FOR 6 YEARS.A JOB THAT REQUIREDJUGGLING A HANDFUL OFDIFFERENT TOOLS TOCOORDINATE WITH OTHERREPORTERS ANDPROOFREADERS.2:18:07 "I just kept thinking,for sixyears, there has to be a betterway todo this."THAT'S WHEN SHE GOT THE IDEAFOR 'STENOVATE.'

- A PLATFORMTHAT SIMPLIFIES THE COURTREPORTING PROCESS.SHE PITCHED THE TECHNOLOGYAT LAST YEAR'S PURE PITCHRALLY AND TOOK HOME 25THOUSAND DOLLARS.SHE ALSO LANDED HER FIRSTINVESTOR - THE FENAROLIMINERVA INVESTMENT FUND.LAWRENCE IS NOW PART OF ASMALL PERCENTAGE OF FEMALEFOUNDERS WHO GOT THEFUNDING THEY NEEDED.ACCORDING TO THE BOSTONCONSULTING GROUG - ONLY 2.2PERCENT OF VENTURE FUNDINGWENT TO WOMEN IN 2017.2:02:18 "The barriers to thataresimply because the peoplewritingthe check are not women."JESSICA POWELL IS THEDIRECTOR OF EXPERIENCESFOR THE KANSAS CITY STARTUPFOUNDATION.SHE SAYS ONE WAY TO CLOSETHE GENDER GAP IN FUNDING ISTO GET MORE FEMALEINVESTORS IN KANSAS CITY.2:05:36 "You know Kansas City isallabout hometown and we sticktogether and when we are able tofund our female entrepreneursandsupport them, we're going to seeahapper community a more thrivingcommunity."POWELL SAYS ANOTHER WAYFOR WOMEN TO PUSH PAST THEBARRIERS IS TO STICKTOGETHER BY NETWORKINGAND HAVING A MENTOR.LAWRENCE HOPES HER HARDWORK WILL PUSH OTHERFEMALE ENTREPRENEURS TOGO FOR THEIR DREAMS - JUSTLIKE SHE DID.2:26:29 "I would love to be aninspiration to anybody else whoisquesting can I do this, theanswer isyes you can."IN KANSAS CITY, EMMA JAMES,41 ACTION NEWS.IT'S GAME WEEK -- FORREAL.




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