Dr Kath Mackay is Chief Scientific Officer for Bruntwood SciTech and Managing Director of its Alderley Park campus, the UK’s largest single site life science innovation campus. Her responsibilities include stimulating new business ventures and managing further development of the campus.
continues to show that only 18% of high-growth enterprises have at least one woman in their founding team, highlighting the urgent need for systematic change. A notable development in this ongoing discourse is Innovate UK's recent decision to honour its original commitment of awarding 50 grants for its ‘Women in Innovation’ funding competition.
Efforts to close this gap have often centred on increasing awareness and providing role models, but these approaches alone have not been sufficient. To effect meaningful change, we need comprehensive strategies that address both the immediate and systemic challenges faced by women in STEM.
These initiatives highlight a crucial aspect of fostering gender equality in innovation: the importance of early-stage support. Research has consistently shown that women face unique challenges in securing funding and resources in STEM. Females often raise significantly less capital than their male counterparts. For instance, onerevealed that women researchers received an average of about £274k in grant awards, compared to £537k for men.
Yet, supporting female entrepreneurs is just one piece of the puzzle. True progress requires addressing the systemic issues within STEM education and beyond. Enhancing this education from an early age, showcasing female role models, and ensuring equitable access to opportunities are essential components of a broader strategy to close the gender gap.
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