How women-led tech startups are driving innovation and boosting the global economy by $2trln

  • Date: 08-May-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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How women-led tech startups are driving innovation and boosting the global economy by $2trln

The tech industry has traditionally been male-dominated, but women entrepreneurs are making significant strides and changing the game with fresh perspectives and innovative ideas. Women-led tech startups are driving change and creating a more diverse and inclusive industry.

A Citigroup report published in 2022 revealed that increasing female representation in the tech industry could add $2 trillion to global GDP. This highlights the importance of creating more opportunities and providing support for women to pursue careers in this field. It is evident that there is a need for increased initiatives aimed at encouraging and empowering women to take on roles in tech.

Women entrepreneurs bring unique strengths to the tech industry, including empathy, collaboration, and creativity. They are breaking down barriers and paving the way for future generations of women in tech.

However, data from the PitchBook Platform reveals that in 2022, companies founded exclusively by women received only 2.1% of the total capital invested in venture-backed startups in the US, emphasizing the persistent gender disparity that exists in the venture capital industry. This highlights the need for greater investment in female-led startups.

Realiste, an AI-powered proptech company based in Dubai, is proud to have a significant number of women in leadership roles, including