This Entrepreneur Shines A Light On The Power Of Female Deeptech CEOs

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This Entrepreneur Shines A Light On The Power Of Female Deeptech CEOs
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'I hope that my work and presence will help shift the needle when it comes to representation, even if it’s just for one girl,' says Ugwem I. Eneyo, founder and CEO of SHYFT Power Solutions.

are not directly effected by the blackouts. They live in constant blackouts. They do not have power. Nigeria is a study in contrasts. Its tech scene is one of the fastest-growing in Africa boasting companies like Andela, Flutterwave, and Jumia. At the same time, last year Nigeria overtook India as the country withUgwem I. Eneyo spent time growing up where these forces collide. Her family is from Andoni in the Rivers State in the Niger Delta.

SHYFT Power Solutions looks like a dream for investors. A CEO who knows the problem from both lived and industry experience? Check. A technology developed at Stanford? Check. A massive market? Check. An intelligent internet-of-things solution? Check. You would think that fundraising would be easy. “Sad.” That’s how Eneyo would describe the statistics on investments into startups run by women of color. “The entrepreneurial ecosystem still has to grapple with this concept of pattern-matching and how it can exclude individuals who have not been traditionally represented,” she added. She’s not wrong. According to, “Black women have only raised 0.0006 percent, $289 million, of the $424.7 billion total tech venture funding raised since 2009.

"I hope that my work and presence will help shift the needle when it comes to representation, even if it’s just for one girl.”

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