Loading…

Excitement, Education and Confidence – the ingredients to bring more women into tech.

The ongoing lack of girls and women pursuing careers in technology is extremely worrying for the future of the UK’s tech scene. A diverse workforce is especially critical for a growing tech business especially. 

About the author

Simon Wax

+44 (0)20 7556 1231
waxs@buzzacott.co.uk

It’s only through a mixture of backgrounds, skills and views that these businesses can innovate and scale in the very competitive tech market. However, with only 17% of tech roles taken by women, this is a challenge the industry must address – and fast!

Encouraging more girls to take STEM subjects and pursue technical careers from when they are in school, will prove fundamental for the continued success of the sector. But, too frequently this is seen as a priority for larger organisations and government, rather than smaller tech businesses.

Research shows that while women are increasingly aware of the availability of technology careers, half believe the roles are ‘unexciting’. These figures - strongly backed by the lack of women working in tech - are alarming! The absence of inspiration as well as examples of how exhilarating and creative technology careers are, contribute to these damaging stereotypes that working in tech is boring.

More than two-thirds of women believe that roles in tech mainly link to gaming and IT consultancy. This is an inaccurate reflection of the true variety of roles open to people in tech. However, there is good news, in that the movement to change the misconceptions has already begun.

Take The Tech She Can Charter for example - a campaign by PwC which aims to encourage organisations to increase the number of women within technology careers throughout the UK. This kind of campaign by a leading business consultancy makes a huge difference and is a movement welcomed by Buzzacott. We firmly believe that organisations of all sizes should look for ways to diversify their talent.

Alongside these kind of schemes to change misconceptions and show women how exciting tech actually is, we also need to showcase the brilliant women already changing the industry.

Take people like Anne-Marie Imafidon, the youngest female to pass A-level computing – ever. At just 20 years old, she received her degree from the University of Oxford. Anne-Marie has now gone on to co-found STEMettes, another great initiative to inspire young women in STEM. Equally, the tech community must come together to support women already working within and leading tech businesses; in 2017, only 9% of VC funding went to women-led start-ups.

Buzzacott is making positive strides to ensure that we’re employing the best talent throughout the business and currently have a workforce split of 52% women and 48% men. We’re proud of this figure and are benefitting tremendously from the value that having a diverse workforce brings. The hope now is that the entire tech community will take bolder steps to make a stand and reach out to girls. A change in perception will only happen if we give women the confidence to pursue and commit to these types of careers. It’s only by actively engaging and supporting women in the long term that the tech community can enable businesses to grow from start-ups to scale ups and beyond.

You might also be interested in… Technology and media.

Our service can be custom-designed to guide you at every stage from start-up to exit. To help you keep up, use our know-how on everything from outsourced accounting to future-boosting R&D tax credits and raising finance.

We work with high-growth agencies, IT companies, e-commerce platforms, website content providers and creative businesses across the UK and beyond. And once you’re on board, you can mingle with the full range of your peers at the sector events we run with our Buzzacott Tech Network partners. Just keep your eyes open for upcoming events.

  • Understand how to attract investors VIDEO (Simon Wax ‘Raising Finance for a Tech Business’)
  • Getting the right kind of investment is hard. Our experts can help with the prep needed to attract and secure a full investment round.
  • Be clear about why you need finance and increase your chances of finding the right investment option
  • Get your house in order with organised cashflow, balance sheets, profit and loss, and accountancy practices
  • Take the time to write a sound business plan that speaks clearly to different audiences
  • Seek tax advice and guidance

Stay on top of business cashflow

Managing cashflow effectively is critical if you want to position yourself for strong growth. Monitor and forecast your cash needs closely and you won’t be caught out. Ask our advice on everything cashflow-related, from borrowing to investment stages to R&D tax credits.

Keep your business on track

Outsourcing lets you use our expert team to back up your front-of-house, freeing you to focus on business. We can help you:

Meet the Buzzacott Tech Network

As our client you‘ll meet our hugely experienced network of contacts who can offer support with everything from raising finance to M&A advice.  Alongside our partners we run regular events in London and other UK tech hubs where you can meet, learn and network.

Our technology and media partners include:

  • Silicon Valley comes to the UK
  • Angels Den
  • FinTech Circle
  • The Employee Ownership Association
  • And we’re all members of Tech London Advocates

Download these useful resources:
Launching a successful FinTech business
Funding for Growth
Exit Planning
Online annual reporting for employee share and share option plans
Valuations
Corporate Finance
Incentives to Innovate: research & development tax credits
Small companies - choices for your financial statements
Innovative financial advice to help you grow
Buzzacott New Manager Pathway Brochure 2018
Leadership development challenges | Research Y1
Leadership development challenges; One year on
Our Learning & Development Philosophy
High-Growth Tech
Launching a successful FinTech business
Online annual reporting for employee share and share option plans
What is coaching?