women

New one-year estimates from the American Community Survey (ACS) show that in 2019, women made up 48 percent of all workers but only 27 percent of STEM employees. This figure has risen over the last 50 years where, in 1970, women accounted for just 8 percent of STEM employees while representing 38 percent of all workers. While the disparity between the number of women in STEM and the number of women in the workforce has shrunk, they remain underrepresented in STEM careers.

While venture capital (VC) deal activity by women-(co)founded and women-led companies has increased over the last 15 years by some metrics, a new report indicates that the 2020 pandemic and global recession impacted these companies more than companies founded and led by men. In the second edition of its annual All In Report, PitchBook expands on its efforts to shed light on the dynamics of women’s participation in the VC market. While participation in the VC market was impacted for companies founded and led by men and women in 2020, the report highlights the impact on women-founded and -led companies by showing recent declines in nearly every measure used in the report compared to nearly constant pre-pandemic trends in increased deal count, deal value, company valuation, and exit rates by women-founded and -led companies.

As the pandemic turned workplaces upside down, women in particular have been negatively impacted. Women, especially women of color, are more likely to have been laid off or furloughed and the supports that working women relied on, namely school and child care, have been upended. As a result, more than a quarter of women are contemplating downshifting their careers or leaving the workforce, according to Women in the Workplace, the sixth in the series from McKinsey and LeanIn.Org, which calls the current situation “an emergency for corporate America.” And, a recent New York Times story this week detailed how alarm bells are also ringing for women in academia, who already faced obstacles in advancing their research and careers.

A recent report by the National Women’s Business Council (NWBC) and the Small Business Administration (SBA) found that participation rates in the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs by women-owned small businesses (WOSB) has essentially remained flat since 2011. Although participation rates vary by awarding agency, the report highlights several barriers faced by women entrepreneurs. Despite the gloomy findings, the report features promising practices from entrepreneurial support organizations (ESOs) that may “right the ship” in supporting women entrepreneurs through the SBIR/STTR program.

A report released earlier this month by the National Academies of Sciences, Engineering, and Medicine, addresses the barrier of inequality that women, despite making up more than 50 percent of the population, experience in the fields of science, technology, engineering, mathematics, and medicine (STEMM). Further, women of color are severely underrepresented in every STEMM discipline. The report focuses on promoting systemic change in the STEMM enterprise in order to mitigate structural inequities, biases, discrimination, and harassment faced by many women, which consequently discourages education and careers in STEMM.

While the labor force participation rate of prime-age individuals (age 25 to 54) remains below its pre-recession level, it has been increasing since 2015. A recent report from the Federal Reserve Bank of Kansas City found that college-educated women have made the largest contribution to this recovery.

The number of women-owned business has increased significantly in recent years, but more needs to be done to level the playing field to increase the revenue and employee counts of these businesses, according to two recent studies. More venture capital is needed, as well as mentoring, training and opportunities for women of color.

The Oakland-based Kapor Center, a nonprofit focused on leveling the playing field in tech, has announced the Tech Done Right (TDR) Challenge with funds from the Bill and Melinda Gates Foundation. With an emphasis on growing opportunities for women and people of color in the sector, the challenge will fund organizations with innovative solutions to building diverse, inclusive, and thriving tech ecosystems. Awardees will receive one-time grants beginning at $100,000. The challenge is now open and accepting applications here, with a submission deadline of Tuesday, May 7.

Both female-founded startups and female investors have seen slow progress over the past 10 years, and still face an uphill battle for equality in the venture capital industry. While the deal count for companies founded solely by women has more than quadrupled since 2008, the share of venture dollar invested has remained nearly flat, hovering around 2.0 percent over the same time, according to PitchBook. Similarly, only 10 percent of VC ‘decision-makers’ are women, up from 5.7 percent in 2016.

Women, persons with disabilities and some minority groups are underrepresented in science and engineering (S&E) when compared to the overall population, according to the latest data from the National Center for Science and Engineering Statistics (NCSES). Although women have reached parity with men among S&E bachelor’s degree recipients — half of S&E bachelor’s degrees were awarded to women in 2016 — they are still underrepresented in S&E occupations. Blacks or African Americans, Hispanics or Latinos, and American Indians or Alaska Natives have gradually increased their share of S&E degrees, but they remain underrepresented in S&E educational attainment and in the S&E workforce. By contrast, Asians are overrepresented among S&E degree recipients and among employed scientists and engineers.