Women represent only a third of science, technology, engineering and mathematics (STEM) graduates in Europe and the gender gap also affects entrepreneurship, as women make up only 15.5% of start-up founders in Europe. ‘EU and also face more obstacles in receiving funding than men.
Still, there are encouraging trends coming to the International Day of Women and Girls in Science which is celebrated on February 11th. Indeed, a key indicator shows that startups founded by women outperform their competitors started by men. This is said by EIT Health, an organization that supports the development of healthcare innovation.
In Central and Eastern Europe, only 1% of available capital goes to start-ups founded by women only. However, the data also shows that female entrepreneurs in this geographic area accomplish more with the money they receive, outperforming men in terms of capital productivity and generating 96% more revenue for every euro of funding received. “Highlighting innovative women is not only fundamental for their own start-ups, but also helps to generate a wider social impact to attract more women in STEM and innovation”, declares Chiara Maiorino, Ecosystem Lead for Italy of EIT Health InnoStars, which has supported the rise of several businesswomen in the health and biotechnology sectors. Among these Simona Rombo, professor of Computer Science at the University of Palermo, who, together with other Italian scientists, has developed Kazaam eHealth, a digital platform that, through artificial intelligence, processes billions of data from clinical studies, to provide suggestions to doctors who have to decide which therapies may be most effective, to improve therapeutic adherence and reduce side effects. (HANDLE).