For the first time, a study has asked Australian female tech entrepreneurs about what they believe are the greatest factors holding them back. The study, conducted by Terem Technologies busts some of the myths that have become conventional wisdom in the space.
Contrary to conventional wisdom, female tech entrepreneurs are not allowing a lack of STEM training to get in their way:
- Only 19% of female entrepreneurs have a STEM background and of these only 4% had a computer science background
- 41% had a degree in Business, Commerce or Economics
- 64% were managing teams to deliver on the technical execution of their startup, with 50% outsourcing to developers and 14% employing tech talent.
However Australian female tech entrepreneurs feel that there are still many hurdles to overcome:
- 34% named a perceived lack of expertise and 30% a lack of confidence as factors preventing women from embarking on a tech startup
- 27% pointed to a lack of supportive networks
- 27% also believe attitudes to risk play a large role
- 25% highlighted life choices and 14% pointed to family responsibility as factors holding women back.
“The results paint a very mixed picture for women entering the tech startup space,” says Scott Middleton, CEO of Terem Technologies, “It is encouraging to see that you don’t need STEM to lead and create businesses in the technology sector. It’s also exciting to think that we don’t need to wait for education policy to increase the number of women studying maths and science to see a significant boost in the number of female tech entrepreneurs.”
The report has been featured in the following publications: