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#PhXX
Empower PhXX
#PhXX
Empowered PhXX is a
community collaboration of
diverse leaders, advocates and
stakeholders committed to
strengthening the
entrepreneurial ecosystem for
female entrepreneurs.
#PhXX
Empowered PhXX
100% community-owned and self-
organized. Meaning no one person or
organization runs it —
everyone contributes through action.
Plus many more…
#PhXX
Mission
To improve every stakeholder’s
ability to effectively support the
growth of women-owned
organizations through critical data,
action based collaboration, and
voice.
#PhXX
Vision
Empowered PhXX’s vision is to
create significant economic and
community impact for the
future of PhXX.
#PhXX
Innovation and technology firms are increasingly
looking at DIVERSITY as a key factor in
determining where their organization will grow.
Showing leadership on diversity will allow
us to attract and retain the top talent in the
country.
#PhXX
Gender is
the most
powerful
determinant
of how we
experience
the world.
#PhXX
Unconscious gender bias
refers to the
information, attitudes,
and stereotypes that
affect the way we
process information
subconsciously.
Research has shown
unconscious gender
bias can affect access
to capital, mentors,
entrepreneurial
programs and
networks.
#PhXX
As Ecosystem Leaders
“The innovation ecosystem
cannot perform at its best if
it does not include all
promising talent,
regardless of their
background.”
- National Venture Capital
Association
#PhXX
Between
2002 and
2012, the
number of
women-
owned
businesses in
the U.S.
increased at
a rate of
2 1/2 x
the national
average.
#PhXX
#PhXX
Innovation and technology firms are increasingly
looking at DIVERSITY as a key factor in
determining where their organization will grow.
Showing leadership on diversity will allow
us to attract and retain the top talent in the
country.
#PhXX
50 /50 in
entrepreneurship in
Arizona would add
91,000 more jobs and
$105.2 billion to our
local economy.
-Datos, AZHCC 2016
-U.S. Census Bureau; generated by
Melissa Kovacs, FirstEval
#PhXX
#PhXX
Special
Initiatives
#PhXX
The AZ WBO
Survey
#PhXX
Money Month
40 EVENTS
310 COMPLETED SURVEYS
INCREASED COMMUNITY AWARENESS
#PhXX
Money Month
#PhXX
The Background
A combination of qualitative, quantitative, town-
hall feedback, national research.
- Largest survey executed in the state of Arizona.
- Sent to various community stakeholders
including active outreach to diverse
communities
- Based on National WBO Census Survey with
local customization
- +10 Community Wide Town Halls
- +40 In-depth Interviews
#PhXX
Where do we go from here?
Commitments to Action / Partner
Outreach
May 22nd Report Release events
Money Month 2.0 – September 2018
#PhXX
Tech Ventures
This opportunity belongs to the firms that
aggressively pursue and foster the best,
brightest young talent in their teams and in
their portfolios. - NVAC
-Techstars, 2015
#PhXX
Tech Ventures
Women buy or influence 85% of all consumer purchases, while 85% of product designers
and engineers are men.
-Co.Design, 2016
Taking steps to foster diversity makes a company more innovative, in terms of product
innovations, patents created and citations on patents – meaning the relevant
innovations are also used to develop new technologies.
- Financial Management, 2018
Encouraging inclusion will have a
positive impact on the success of
your ventures.
#PhXX
Benefits of Women Owned
Businesses
• Women entrepreneurs tend to treat their
employees better and give back to their
communities
(Criterion Institute, 2013)
• Women entrepreneurs have higher levels of
innovation than their male counterparts
(Harvard Business Review, 2013).
• An increase in the number of women in business
leadership positions is correlated with increased
business returns and payout ratios.
(Kaufmann Foundation, 2015)
#PhXX
Your Team
Leading from the inside out.
-What does it mean to really
integrate inclusion?
-Coplex could be well positioned to
take advantage of diversity.
- Examples
#PhXX
Examples:
Techstars
-Started with Numbers
-Developed Specific Action
-Served as a Community Leader
Diversity in Technology Examples
#PhXX
NVAC Examples:
#PhXX
“It’s important to recognize that in order to be truly
innovative, we must embrace the creative process and be
open to ideas from people from diverse backgrounds,
cultures and academic experiences. Having been raised by
an entrepreneur who was a single mother and having
helped raise three exceptional daughters, I believe in the
enormous benefits of an inclusive workforce and bringing
in diverse perspectives. The venture capital community is
uniquely positioned to provide the leadership role that it
has played in so many other areas to innovate our own
workplaces to drive positive change.”
—Tim Curt, Managing Director Warburg Pincus, New York, NY
#PhXX
WWW.EMPOWERED-
PHXX.COM

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Tech and Diversity Facts for the Phoenix Entrepreneurial Ecosystem

  • 2. #PhXX Empowered PhXX is a community collaboration of diverse leaders, advocates and stakeholders committed to strengthening the entrepreneurial ecosystem for female entrepreneurs.
  • 3. #PhXX Empowered PhXX 100% community-owned and self- organized. Meaning no one person or organization runs it — everyone contributes through action. Plus many more…
  • 4. #PhXX Mission To improve every stakeholder’s ability to effectively support the growth of women-owned organizations through critical data, action based collaboration, and voice.
  • 5. #PhXX Vision Empowered PhXX’s vision is to create significant economic and community impact for the future of PhXX.
  • 6. #PhXX Innovation and technology firms are increasingly looking at DIVERSITY as a key factor in determining where their organization will grow. Showing leadership on diversity will allow us to attract and retain the top talent in the country.
  • 8. #PhXX Unconscious gender bias refers to the information, attitudes, and stereotypes that affect the way we process information subconsciously. Research has shown unconscious gender bias can affect access to capital, mentors, entrepreneurial programs and networks.
  • 9. #PhXX As Ecosystem Leaders “The innovation ecosystem cannot perform at its best if it does not include all promising talent, regardless of their background.” - National Venture Capital Association
  • 10. #PhXX Between 2002 and 2012, the number of women- owned businesses in the U.S. increased at a rate of 2 1/2 x the national average.
  • 11. #PhXX
  • 12. #PhXX Innovation and technology firms are increasingly looking at DIVERSITY as a key factor in determining where their organization will grow. Showing leadership on diversity will allow us to attract and retain the top talent in the country.
  • 13. #PhXX 50 /50 in entrepreneurship in Arizona would add 91,000 more jobs and $105.2 billion to our local economy. -Datos, AZHCC 2016 -U.S. Census Bureau; generated by Melissa Kovacs, FirstEval
  • 14. #PhXX
  • 17. #PhXX Money Month 40 EVENTS 310 COMPLETED SURVEYS INCREASED COMMUNITY AWARENESS
  • 19. #PhXX The Background A combination of qualitative, quantitative, town- hall feedback, national research. - Largest survey executed in the state of Arizona. - Sent to various community stakeholders including active outreach to diverse communities - Based on National WBO Census Survey with local customization - +10 Community Wide Town Halls - +40 In-depth Interviews
  • 20. #PhXX Where do we go from here? Commitments to Action / Partner Outreach May 22nd Report Release events Money Month 2.0 – September 2018
  • 21. #PhXX Tech Ventures This opportunity belongs to the firms that aggressively pursue and foster the best, brightest young talent in their teams and in their portfolios. - NVAC -Techstars, 2015
  • 22. #PhXX Tech Ventures Women buy or influence 85% of all consumer purchases, while 85% of product designers and engineers are men. -Co.Design, 2016 Taking steps to foster diversity makes a company more innovative, in terms of product innovations, patents created and citations on patents – meaning the relevant innovations are also used to develop new technologies. - Financial Management, 2018 Encouraging inclusion will have a positive impact on the success of your ventures.
  • 23. #PhXX Benefits of Women Owned Businesses • Women entrepreneurs tend to treat their employees better and give back to their communities (Criterion Institute, 2013) • Women entrepreneurs have higher levels of innovation than their male counterparts (Harvard Business Review, 2013). • An increase in the number of women in business leadership positions is correlated with increased business returns and payout ratios. (Kaufmann Foundation, 2015)
  • 24. #PhXX Your Team Leading from the inside out. -What does it mean to really integrate inclusion? -Coplex could be well positioned to take advantage of diversity. - Examples
  • 25. #PhXX Examples: Techstars -Started with Numbers -Developed Specific Action -Served as a Community Leader Diversity in Technology Examples
  • 27. #PhXX “It’s important to recognize that in order to be truly innovative, we must embrace the creative process and be open to ideas from people from diverse backgrounds, cultures and academic experiences. Having been raised by an entrepreneur who was a single mother and having helped raise three exceptional daughters, I believe in the enormous benefits of an inclusive workforce and bringing in diverse perspectives. The venture capital community is uniquely positioned to provide the leadership role that it has played in so many other areas to innovate our own workplaces to drive positive change.” —Tim Curt, Managing Director Warburg Pincus, New York, NY

Editor's Notes

  1. ALL VOLUNTEER EFFORTS
  2. Lenders, economic developers professional, city officials, corporations
  3. Kristin Mary
  4. Kristin Mary
  5. Kristin Mary
  6. These stats are the reason for Empowered PHxx. Stats about growth where disconnected from the what most resource partners and networking groups where seeing in participation. Plus, despite large numbers of groups and resources, AZ was failing behind national numbers.
  7. This is the starting point, We hope to move forward with future surveys with men but women represent the greatest leverage point. So we are starting the conversation here.
  8. Kristin Mary
  9. Kristin Mary
  10. Kristin Mary