2. #PhXX
Empowered PhXX is a
community collaboration of
diverse leaders, advocates and
stakeholders committed to
strengthening the
entrepreneurial ecosystem for
female entrepreneurs.
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.
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
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
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
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
Lenders, economic developers professional, city officials, corporations
Kristin
Mary
Kristin
Mary
Kristin
Mary
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.
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.