Suggestions
Ofer Shayo
Intel Ignite Jibe Ventures
Highlights
A recent article by Ioanna Lykiardopoulou at TNW highlights new Dealroom and HSBC Innovation Banking findings that suggest UK-based #AIstartups are now worth $256bn, accounting for 22% of the UK’s innovation ecosystem value. Having already raised more than $2.1bn in the first half of 2024, #AI startups in the UK are changing industries such as energy, healthcare, law, and finance by bringing innovative technology to workplaces in some of the region’s most impactful industries. Given the growing and evolving AI landscape around the world, these numbers are not surprising. The innovations that are possible when deploying AI are still being uncovered, and in order to bring those innovations to light, founders will not only need funds to support their startups, but also support from those who came before them. Connecting these founders with new resources and networks to bring new technologies to market is a central value at Intel Ignite. We are working to help startup founders bring innovations that can solve some of the world’s toughest problems to market faster. By connecting these founders with promising partners, from VCs to mentors, Intel Ignite serves as an invaluable resource to founders around the world. As the UK continues to lead Europe in VC investment, connecting these startups with the right resources will be vital to help them succeed and propel innovation forward in the industries that matter most to our daily lives.
Early-stage deep tech startups – apply for the Intel Ignite London Fall 2024 cohort by 20 September! 👉 https://lnkd.in/dNRadWZG
Link to the article in the comments 👇
#VC funding in Europe has been rising overall the last few years, but according to PitchBook, companies founded solely by women received just 1.6% of the total capital invested in venture-backed startups in Europe last year. PitchBook also found that female founders can face steep obstacles to raise funds compared to their male counterparts, with the volume of capital raised by all-male-owned VC funds in the UK between 2017-2023 landing around ten times higher than that raised by all-women-owned VC funds. While the industry still has a long way to go, at Intel Ignite, we recognize this disparity, and we’re actively taking steps to try to level the playing field. In fact, women make up half of our global team. We have worked with more than two-dozen female founders to date, and through our work, we give startups the tools and knowledge they need to succeed by helping them develop go-to-market strategies and engage in the right partnerships, including with mentors, as well as develop the most effective strategies to unlock new funding rounds.
As a program, we are committed to increasing female representation in both #DeepTech, and specifically in our program, by ensuring more women are participating as speakers, mentors, experts, and as part of our selection committee.
By supporting these founders as they scale their companies and bring their innovative ideas to life, we hope to do our part in creating a more equitable future by growing the female founder presence in the startup ecosystem. https://lnkd.in/dqrzy5hu
#VCs #Startups #FemaleFounders #WomenInTech #Funding
