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Empowering BAME founders into sustainable business | Startups Magazine

startupsmagazine.co.uk · 908 words · saved by 1 readers

COVID-19 (coronavirus) has significantly impacted businesses, but even more so for social entrepreneurs, BAME founders and females due to the difficulties and challenges around access to support, finance and funding as well as structural inequalities. We are on a mission to work closely with these founders to help them flourish in the face of adversity. Despite the current economic downturn many have used the lockdown to launch new business ventures."With the shutdown people have had more time to think, and to take time away from busy work schedules" said Prof Fairlie. "So if there's a business idea they've had, they might think, let's try this out." However starting a business comes with many challenges, and it’s concerning, but sadly not surprising that Black, Asian and Minority Ethnic (BAME) founders, female founders, and social entrepreneurs are significantly underrepresented when it comes to entrepreneurship. Within the BAME community, 19 out of 20 female founders will fail over t

Diversity by Susanna Sek July 20, 2020 Susanna Sek Susanna is the Marketing & Communications Manager at Hatch Enterprise. She is… 0 Shares 0 Read Next The winner for Founder of the Year goes to… Tamsin Dewhurst of Uptree Despite the current economic downturn many have used the lockdown to launch new business ventures . “With the shutdown people have had more time to think, and to take time away from busy work schedules” said Prof Fairlie . “So if there’s a business idea they’ve had, they might think, let’s try this out.” However starting a

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