Summary

Details

Description

A smart eco-system (both digital and physical) focusing on “Opportunity Recognition” and “Capacity Building” for women investors to benefit from networking opportunities, powerful learning and training, meeting peers and experienced mentors for the empowerment of their leadership role, and having the chance to meet talented Women Entrepreneurs (WEs) or startups looking for investment opportunities to boost their growth.

The overall objective of the Lean In EU WBAs Community project is to stimulate women - both women entrepreneurs and women business angels - in recognizing their role as leader within the business sector, engage them for proper training and get them ready for investing.

The Lean In the EU Women Business Angels Community is implemented by a pool of high skilled and background expertise in the startup ecosystem, angel investing and women empowerment: X23 Srl (Lead Partner, I; Member of the DSJC and Pledger), Starttech Ventures (Greece), Connector Accelerator (Spain), Estban (Estonia) Addidi (UK), Tallinn Incubators (Estonia), EBAN (Belgium).

Target groups are the followings:

  • Direct:

 

  1. New or active Women Business Angels (WBAs);
  2. Women Entrepreneurs (WEs);
  3. Female startup founders or co-founders looking for investments (seed or early stage);
  4. Female business “gazelles”, i.e. those who intend to grow their businesses by 50% and employ 10 people within 5 years looking for funding or want to emerge as WBAs.

 

  • Indirect:

 

  1. Local, regional and national public and private bodies in charge of entrepreneurship development and female entrepreneurship;
  2. Entrepreneurial universities at country level;
  3. Private and public incubators and accelerators;
  4. Startups cluster and networks at local, regional and national level;
  5. Women business associations;
  6. Other women business related stakeholders

A key activity will be related to capacity building, i.e. 2 tailor training programmes: tailored e-training and e-mentoring programme to increase the skills - including digital skills- of (1) women entrepreneurs struggling to raise funds for their business to grow and (2) women business angels, to empower their role, overcoming gender impediments. Specific modules will be elaborated to improve the digital skills of women entrepreneurs such as:

  • Analytical and logical thinking (financial and economic forecasting, budgeting);
  • Communication (social media, digital communication);
  • Strategy & Planning (digital marketing).

The project will also create WBAs Living Clubs in Italy, Spain, UK, Greece, Estonia so that the training can be delivered physically, and become a module of a broader strategy to increase women digital skills in the business arena.

During the 2nd year of implementation, two major recognition programme were designed:

  1. The Lean In EU Women Business Angels of the Year Prize;
  2. The Lean In EU Women Entrepreneurs of the Year Award.

 

  • Celebrated in Sofia and awarded 3 outstanding women investors from all the EU: Best Women Business Angel of the Year; Best NewComer of the Year; Lifetime Achievement Award (http://www.leaninwba. eu/community/the-eu-wbas-prize/).
  • Will be Celebrated on December 11 in Modena (Italy) and will celebrate the Best Female Founder and the Best Female Startup among the hundreds of applications received from all around Europe and selected during the Lean In Pitching Battles, an innovative format to provide women entrepreneurs international exposure, interesting networking opportunities, investment opportunities by pitching to investors (women included).

The project will last 24 months and started on January 17; budget is EUR 440K.

A smart eco-system (both digital and physical) focusing on “Opportunity Recognition” and “Capacity Building” for women investors to benefit from networking opportunities, powerful learning and training, meeting peers and experienced mentors for the empowerment of their leadership role, and having the chance to meet talented Women Entrepreneurs (WEs) or startups looking for investment opportunities to boost their growth.

The overall objective of the Lean In EU WBAs Community project is to stimulate women - both women entrepreneurs and women business angels - in recognizing their role as leader within the business sector, engage them for proper training and get them ready for investing.

The Lean In the EU Women Business Angels Community is implemented by a pool of high skilled and background expertise in the startup ecosystem, angel investing and women empowerment: X23 Srl (Lead Partner, I; Member of the DSJC and Pledger), Starttech Ventures (Greece), Connector Accelerator (Spain), Estban (Estonia) Addidi (UK), Tallinn Incubators (Estonia), EBAN (Belgium).

Target groups are the followings:

  • Direct:

 

  1. New or active Women Business Angels (WBAs);
  2. Women Entrepreneurs (WEs);
  3. Female startup founders or co-founders looking for investments (seed or early stage);
  4. Female business “gazelles”, i.e. those who intend to grow their businesses by 50% and employ 10 people within 5 years looking for funding or want to emerge as WBAs.

 

  • Indirect:

 

  1. Local, regional and national public and private bodies in charge of entrepreneurship development and female entrepreneurship;
  2. Entrepreneurial universities at country level;
  3. Private and public incubators and accelerators;
  4. Startups cluster and networks at local, regional and national level;
  5. Women business associations;
  6. Other women business related stakeholders

A key activity will be related to capacity building, i.e. 2 tailor training programmes: tailored e-training and e-mentoring programme to increase the skills - including digital skills- of (1) women entrepreneurs struggling to raise funds for their business to grow and (2) women business angels, to empower their role, overcoming gender impediments. Specific modules will be elaborated to improve the digital skills of women entrepreneurs such as:

  • Analytical and logical thinking (financial and economic forecasting, budgeting);
  • Communication (social media, digital communication);
  • Strategy & Planning (digital marketing).

The project will also create WBAs Living Clubs in Italy, Spain, UK, Greece, Estonia so that the training can be delivered physically, and become a module of a broader strategy to increase women digital skills in the business arena.

During the 2nd year of implementation, two major recognition programme were designed:

  1. The Lean In EU Women Business Angels of the Year Prize;
  2. The Lean In EU Women Entrepreneurs of the Year Award.

 

  • Celebrated in Sofia and awarded 3 outstanding women investors from all the EU: Best Women Business Angel of the Year; Best NewComer of the Year; Lifetime Achievement Award (http://www.leaninwba. eu/community/the-eu-wbas-prize/).
  • Will be Celebrated on December 11 in Modena (Italy) and will celebrate the Best Female Founder and the Best Female Startup among the hundreds of applications received from all around Europe and selected during the Lean In Pitching Battles, an innovative format to provide women entrepreneurs international exposure, interesting networking opportunities, investment opportunities by pitching to investors (women included).

The project will last 24 months and started on January 17; budget is EUR 440K.

Success factors

We expect to have a measurable impact on our target groups as follows:

Direct Target Audience

  1. Improved and enhanced skills: the active engagement to the ECWBAs and to the project's training programs will enhanced their skills in the particular in a few key areas, such as asset management strategy, risk analysis for investment and IPR issues for WBAs; investor relation, pitching for the WEs.

 

The opportunity to learn from experienced peers (also men), to work in vibrant team-groups, will enable WEs and WBAs to acquire broader competences to improve their career. The contribution of education and training (learning from doing) will result in women that are more self-confident. Those women will be, therefore, ready for leadership roles, with an excellent grasp of the situation and entrepreneurial approach, for the benefit of the entire capital market and the EU economic growth.

 

  1. Increased entrepreneurial mindset, spirit and skills (including the digital ones): Typical WEs and WBAs barriers will be decreased.

This will be particularly true for WBAs the instinctive inclination to achieve slower, more organic and lower-risk growth thanks to the active cooperation with active angel investors. They can provide a quick insight into the common methodology and requirements of investors, in particular related to access to funding. Business angels are usual serial entrepreneurs before being an angel, so they can encourage women first in place to seek external finance to deliver faster and greater growth in their own businesses, representing a strong ground-base for being a WBA.

 

Wes, in particular start uppers, will be stimulated to improve their self-confidence and to recognize their role as leaders, creating success and wealth for themselves so that they can fulfill their pivotal nurturing role at the heart of their family and community. This way, the bilateral cooperation will provide benefit to all levels of business.

 

  1. Networking and spillover effect: sharing of expertise, business cases, success stories as well as concerns, and doubts is of paramount importance for building both a strong community and a solid capacity. By being part of a vital network and of a wider community, WBAs and WEs will have the opportunity to interact with a range of successful businessmen and women from many sectors and backgrounds, enriching their professional and human background. This will also stand as a unique opportunity to create new career opportunities or re- entering the workforce, affecting job creation.

 

  1. Better management of career transition: Due to their family and business commitment, many women may face a number of transitions within their careers.

 

Being a WBA can represent an opportunity for stay in touch with their business world and a chance to keep their skills up-to-date, keeping their professional value always relevant to the market. Being a WEs, means the opportunity to rely on new career opportunities, in particular considering the family limits still preventing women from full access to entrepreneurship. Having the chance to access a vibrant community of experienced, as well as newbies stand as an unparalleled opportunity to women to choose their own career path.

 

  1. Financial Returns: An improved capacity result in an immediate financial return for both WBAs and Wes.The former, as business angel investment, offers a concrete opportunity for wealth creation as it offers the potential for a strong financial return on investment. The latter, as the funds received by the investors, represent a key milestone in both company creation, growth as well as expansion. In terms of KPIs we expect to:

 

  • Cover 6 countries + expanding the initiative in at least 4 added countries by the support of our Associated Partners (at least 28 by the end of the project; 21 already on board; 2 added countries on board: Denmark and Germany; 2 in negotiation at present);
  • To effectively involve 1000 women at EU level: at present, we have already contacted and engaged 600+ women at EU level by celebrating info events, delivering the training, being hosted in major conferences on the topic (WEBIT, WIN CONFERENCE, EU Women Payment Network, PWN Italy, PWI);
  • At least 100 women business angels fully engaged in the training programme at EU level: we have reached our KPI and we are about to launch the second year training programmes with news and updates;
  • At least 380 Women Entrepreneurs fully engaged in the initiative (both training and pitching events) at EU level: we have reached the KPIs, involving 200+ startups in 12 months!
  • At least 1000 attendees in total (pitching battles): KPI achieved, we had an average of 70/100 attendees per event (16 events during 12 months).

Sustainability:

  • Training commercialization;
  • Revenues from the entities/professionals accessing the Clubs;
  • Tailored programmes to schools (digital skills and financial analysis).

Organization details

Name of the organization
X23 Srl
Contact person
Maria Enrica (Marika) Mazzi (Boém)