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.”