WoC Founders are still largely under-represented in Australia today. In two separate recent reports, it was reported that:
- In 2020, of the $10 billion funding awarded to Australian start-ups, only 0.3% went to BIWOC founders.*
- Less than 2% of BIWOC women surveyed were founders, and less than 7% were leaders in business**
These staggering statistics are mindblowing in today’s society. Though the population in Australia is growing more culturally diverse, there is still a lot of work to do.
The WoC Founders Network was founded as a platform to raise the visibility of WoC Founders, celebrate their stories, amplify their voices, and share their experiences with no shame or judgment. This exists as a legacy for storytelling so as to inspire generations of WoC Founders to come. Read our founding story here.
For together we are brave, we are strong, we are powerful beyond imagination and together we are one.
* Source: Data extracted from The State of Bla(c)k Women and Women of Colour Founders in the Start-up Ecosystem in Australia. An independant research report by The Creative Co-Operative.
** Source: Data extracted from the “Workplace Survey Report 2021” conducted by Women of Colour Australia in conjunction with Murdoch University.