Ipos Technology has been recognized as a start-up that fully supports diversity through endorsement by #Fundright - a joint diversity initiative that promotes diversity of all kinds in developing companies that are seeking venture capital. The organization will host a Diversity Event in Amsterdam, the Netherlands, on October 9, 2019. Ipos Technology will be presented at the event and has been selected as one of the start-ups to be included in the initiative's 'Bidbook', which features selected companies with diverse Management Boards that are looking for funding. Alongside this, the event will include inspiring lectures and networking opportunities with start-ups that have diverse founding teams, female founders and Venture Capital Investors (VCs), who are committed to improving diversity.
#Fundright is a joint initiative formed by 25 progressive Dutch Venture Capital Investors (VCs) and TechLeap.NL, with the aim of creating a more diverse start-up ecosystem. As an initial step, they are addressing equal funding opportunities for female founders through commitment of participants via a signed diversity statement.
In 2017, only 1.6% of all Venture Capital Investments in the Netherlands went to companies that were set-up and run by companies with a woman in the Management Board. In the same year, male entrepreneurs raised five times more capital than women. #Fundright wants this to change, because they believe that: "Every founder has equal access to finance and opportunities, regardless of their background or gender." To achieve this, all start-ups in which the funds invest (or have invested) must have a Management Team that comprises of at least 35% women within three years. The same percentage must apply to the investors themselves.