According to Forbes magazine, female founders outperform their male counterparts. A recent study from Boston Consulting Group evaluated 350 companies that had been part of the MassChallenge program. The study revealed that, for every dollar of investment raised, female-run startups generated 78 cents in revenue, whereas male-run startups generated only 31 cents. As we might expect, women outperformed their male counterparts despite raising less money ($935K versus $2.12M). Also, according to data collected by First Round Capital, found that the female-founder companies it had funded performed 63% better than the all-male founding teams it had funded. Adding even more credence, research from the Ewing Marion Kauffman Foundation found that women-led teams generate a 35% higher return on investment than all-male teams.
Despite these pieces of evidence, female founders are still having an unlimited number of challenges when it comes to starting a business, one of the biggest challenges include raising capital to fund the business.
Startup Grind Federal Polytechnic Bauchi is hosting Fatima Babakura to share her story on how she overcome the challenges of starting a business as a female founder.
“Startup Grind Federal Polytechnic Bauchi is delighted to host events presented by AWS. Amazon Web Services, or AWS, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a pay-as-you-go basis. Through the AWS Activate program, AWS provides startups with a low cost, easy to use infrastructure needed to scale and grow their companies. Visit https://sgtr.cc/aws-africa-credits to apply.”
Timabee
Founder/Creative Director
Fatima Yagana Babakura has been an inspirational figurehead for many young women. She is the founder and creative director of Timabee, a luxury accessory brand that is committed to designing and manufacturing high-end pieces with the best leathers for women. Her love for designing and the curiosity to see her design come to life was what pushed her to start Timabee.
Fatima graduate…
Fatima Yagana Babakura has been an inspirational figurehead for many young women. She is the founder and creative director of Timabee, a luxury accessory brand that is committed to designing and manufacturing high-end pieces with the best leathers for women. Her love for designing and the curiosity to see her design come to life was what pushed her to start Timabee.
Fatima graduated with a Bachelor of Commerce from McMaster University. In May 2016, she was the Personal Assistant to the honorable Commissioner for Environment Gombe state. During the course of her work in that position, she efficiently managed the media and social media pages for the ministry where she helped create awareness among people about the ministry which in turn increased productivity in the ministry. She also worked as an intern with KPMG Nigeria in 2017 where she carried out research for analysis to benchmark NEXIM against other EXIM banks, in addition to numerous other assignments.
Fatima started Timabee in 2014 where she carefully selects materials, designs and makes samples of handbags and shoes, then decides what goes into a collection. She oversees the creative process and gives guidance to her creative manufacturers to ensure the quality of handbags and manages promotion to ensure efficient marketing of the brand to increase sales. Timabee has exhibited both locally and internationally.
In 2016, Timabee won the "best brand of the year " at an event organized by Team 360 group in Toronto, Canada. In 2017, Fatima was awarded "Iconic Woman" at Women's Economic Forum's (WEF) annual event in India. MAX Group nominated her as "entrepreneur of the year " in Toronto. In 2018, Fatima was listed among "100 most influential Nigerians ". Fatima has also been invited to speak at WEF, MAX GROUP Canada's annual Gala. She was also listed as one of the "22 women entrepreneurs redefining African luxury ". Fatima and Timabee have been featured in countless newspapers and magazines around the world.
Passionate about entrepreneurship and mentorship in Africa especially for women, Fatima founded Timabee Global Resources (TGR). TGR is a platform that helps anyone inspired or interested in the accessory business to navigate their way from product development up until delivery processes.
Mustee’s Clothing
Chief Executive Officer
The Money Africa
Founder
Founder and Creative Director of Mustee’s Clothing, Mustapha is a graduate of Computer Sciences from Abubakar Tafawa Balewa University Bauchi. He Started learning how to sew from the early age of 7 and have learnt and mastered the art of cloth making in Jos, Bauchi, Keffi and Lagos State. His brand, Mustee’s Clothing, an affordable luxurious men’s wear brand which was founded 6 years ago is known for meeting the clothing needs of men of all ages. He is an art and technology enthusiast and a photography hobbyist.
Mustapha also holds an Executive mMBA in leadership and management from Accra Business School. He is currently pursuing his Masters in entrepreneurship and business development form Abubakar Tafawa Balewa University Bauchi. He is also a Fellow, African Young Leaders Fellowship Program 2019 Cohort and a Yali RLC Alumni.
He Co-founded Uplift Hub, a virtual hub committed to achieving the SDG goals through the use of human capital and technology in Africa. He is also the host of Uplift Podcast.
Tosin is a chartered accountant with 10 years of experience across accounting, corporate finance, auditing and taxation.
In 2018, She founded Money Africa, a personal finance platform that teaches people to build healthy financial habits and generate multiple income streams.
Before devoting her work to Money Africa, she worked with several multinationals — Bloomberg TV, CNBC Africa, BAT to name a few.
Gombe Trello Events
Atlassian Community Leader
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Startup Grind Federal Polytechnic, Bauchi
Co-Director
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Jibrin works as a freelance writer, he has strong leadership skills and experience he is currently the class governor of a program he is currently enrolled in, furthermore, he is passionate about bringing value to the community. He is also good at public speaking and has experience in organizing community activities.
SAS BRANDS NG
Chapter Director
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