The funding gap in start-up investing | Temie Giwa-Tubosun

TED Talks Daily

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4.1 • 11.9K Ratings

🗓️ 26 April 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

“It is time to close the funding gap for Black female-led start-ups the world over,” says entrepreneur Temie Giwa-Tubosun, whose company LifeBank delivers life-saving medical supplies to remote areas in Africa. Today, LifeBank operates successfully across the continent, but Giwa-Tubosun knows that barriers to funding prevent many other brilliant business ideas from blossoming. She highlights examples of impactful women-led ventures around the world -- and challenges investors to help more of them thrive.

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Transcript

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0:00.0	It's TED Talks Daily. I'm Elise Hu.
0:06.4	Entrepreneur Temi Jua Tubeson identified a huge problem that was costing African women their lives.
0:12.6	She came up with an idea to solve it, but female founders have a hard time finding funding for their ideas.
0:19.2	In her talk from TED Women 2021, Temi shares the story of how she started a company against the odds
0:24.9	and lays out what women entrepreneurs need to get the financial support to build and solve problems at scale.
0:34.9	If I asked you to guess which country in the world has the highest number of female entrepreneurs,
0:43.2	which country would you guess? Don't worry, I'll tell you.
0:48.8	Uganda. Yep. In Africa, 39.6% of all Ugandans
0:56.8	who start, own and operate their own businesses
0:59.2	are women.
1:02.2	Ugandan women are clearly formidable,
1:05.0	but they're not alone.
1:07.4	The second and third country on that list
1:10.2	of world female entrepreneurs, according to MasterCard,
1:13.6	were Botswana and Ghana.
1:16.6	Yep, Africa.
1:21.6	So what's keeping these amazing businesses from dominating global stock exchange.
1:28.2	Why are you not seeing people like me, Australia, listing our companies every day,
1:34.0	dominating NASDAQ and London Stock Exchange?
1:37.9	Let me tell you what I think.
1:40.1	I love the Eros journey.
1:42.8	I could often be found on Reddit late into the night after I've put the children to bed,
	...

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