Embarc Collective released its second annual Glaring Gap Report. Supported by JPMorgan Chase, the report surveys the state of technology-based entrepreneurship for women in Florida. This year, the report uncovered improvements in the trend of women and venture capital, including:
18% of new startups in Florida have a woman founder, down from 23% in 2019.
Women founders have identified access to talent as their key need as they build their businesses followed by access to capital.
Just 8% of venture funding in Florida went to women-founded companies in 2020, which is behind the national average of 11%. However, this metric of 8% is a small increase from 2019 (7%).
There has been a marked growth in the number of women involved with venture investing in Florida – there was a 36% increase in the number of women at Florida-based investment firms in 2021. However, Florida still lags the national average with the percentage of women partners at venture funds (21% Florida v. 36% National).
In November, Embarc Collective will host its second annual Glaring Gap Summit. The Summit is a virtual forum that will convene women interested in becoming startup investors for three days of training to lead, fund, and impact the future of Florida. We encourage Florida-based women to apply to be a part of this year’s training, free to attend through the support of JPMorgan Chase.
TBBJ • In the recently released 2021 State of Startups in the Southeast Report by Panoramic Ventures, Florida Funders, and Miami Angels were named Florida's most active startup investors.
St. Pete Catalyst • ARK Invest recently relocated to St. Petersburg, and its CEO, Cathie Wood, will sit down with Embarc Collective's Lakshmi Shenoy and ARK Cryptoasset Analyst Yassine Elmandjra for a Fireside Chat on November 5 at the Florida Bitcoin & Blockchain Summit.
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This Glaring Gap Summit is a virtual intensive investor education training for 50 Florida-based women—free to attend through the support of JPMorgan Chase. Women who are accredited investors, emerging professionals, and college students are encouraged to apply.
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