Sheroes in Finance reposted this
PS 📣latest update just in Innovate UK has now confirmed that they will fund all 50 Women in Innovation awards, meeting the original £4m commitment. Innovate UK has broken its promise to female founders for the final time. We can't and won't stand for this anymore. The ‘Women in Innovation Awards’ promised that 50 female-founded and female-led businesses would receive a £75k grant and package of support, from a funding pot of £4 million. 1,452 women applied for the award; but only 25 awards have been granted. Assuming each grant is £75,000, this is a total of £1,875,000. This leaves £2,125,000 unfunded at present. 📢 This isn't good enough. We're calling for change Let's Fund More Women is urging Innovate UK to: 💰 Commit to fully utilising the remaining funding and awarding the 25 grants 🗣️ Engage in dialogue with us to address the issues raised and implement necessary reforms 🔎 Acknowledge the shortcomings and review the process 🚀 Launch a redesigned award program for 2025, with more funding committed Join the Let's Fund More Women movement. ♻️ Repost this post Write to your MP. Put the pressure on. If you’re one of this year’s unsuccessful applicants, please complete our survey>>> https://lnkd.in/eGMNQRqB This was first brought to my attention by a post from Emma Jarvis sharing the situation. We promoted this award in our community Female Founders Rise so I felt confused and shocked that many of our members and other female founders would have spent hours (during school holidays) and often money on applying. It's been a busy time for many since first hearing about this on Friday but hats off to Tara Attfield-Tomes Becky Lodge Zandra Moore and many more women and men who have worked tirelessly over the weekend to get this sorted. Follow Emmie Faust for daily posts on entrepreneurship and female founders The power of the collective coming together to create change - well done ladies and gentlemen ❤️