The major development in technology is happening within the startup landscape where more small and medium scale businesses are springing up across the world at an increasing rate. Yet, the digital startup ecosystem is highly gender imbalanced where women are greatly under-represented among digital entrepreneurs.

According to the World Economic Forum’s & SAP’s 2020 report, in 2018 Europe had six women entrepreneurs (tech and non-tech) for every 10 men – the lowest ratio among the global regions. The disparity was even greater in tech – only 5% of Europe’s tech founders were female.

The history of data shows mostly men in a leadership seat. Whereas, the latest special report on women and entrepreneurship suggests that significant work remains to be done to encourage and support women entrepreneurs and their ability to build economic security for themselves, their families, their communities, and their countries. 

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Amplifying gloomy projections by the World Economic Forum that at this pace, it could take more than 200 years to close the gender gap globally. Additionally, if we don’t find a solution to improving the gender parity, in particular in the field of AI, the fully automated world of tomorrow will be highly biased causing a great threat to humanity’s existence.

And that is where WaiACCELERATE comes in. Women in AI’s intention and the idea behind WaiACCELERATE is to shift the status quo towards diversity and inclusion and remove biases from AI technology. That's why we work with the best of the best to improve the current gender state of entrepreneurship and remove the limiting factors for women to become more active in the ecosystem.

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