EIC launches Women Leadership Programme to boost women in deep tech, but systemic gaps remain

Brussels, June 3rd 2021
Summary
  • The European Innovation Council launched the Women Leadership Programme on 3 June 2021 to offer mentoring, skills training and networking to women in EIC-supported projects.
  • The pilot will accept women from EIC-funded projects and companies and will provide tailored coaching to 50 participants, with mentors already recruited from a pool of nearly 500 applicants.
  • The EIC pilot Advisory Board published a statement calling for immediate action on gender and diversity and highlighted large structural imbalances across research, entrepreneurship and venture capital.
  • EIC statistics cited progress but also clear gaps, for example women-led companies in EIC Accelerator rose from 8% to 29% while women make up 50% of jury members and 42% of business coaches.
  • The Board recommends concrete actions across research leadership, entrepreneurship selection, investment allocation and data collection, but implementation and scale will determine impact.

EIC Women Leadership Programme aims to improve representation of women in deep tech

On 3 June 2021 the European Innovation Council announced the launch of the EIC Women Leadership Programme, a targeted mentoring and skills development initiative for women entrepreneurs and researchers involved in projects supported by the EIC. The move accompanies a broader call from the EIC pilot Advisory Board for systemic action on gender and diversity across the innovation chain. The programme is framed as part of the EIC's Business Acceleration Services and will initially invite applications only from beneficiaries of existing EIC funding instruments.

What the Women Leadership Programme offers

Core offer:The programme will provide tailored training, one to one mentoring and coaching and networking opportunities. In its pilot phase 50 women from EIC-funded projects will be selected to receive this package of support with the objective of helping participants define and execute business strategies and develop leadership and investor readiness skills.
Participants and scale:Eligibility in the pilot is limited to women involved in EIC-funded projects and companies. Successful applicants will receive personalised support. The stated cohort size for the pilot is small at 50 people which limits immediate reach but is intended to be scalable in a later stage when the programme expands to projects selected under WomenTechEU.
Mentors and coaches:A call for mentors launched by the EIC in March 2021 collected close to 500 potential mentors across Europe. Those mentors will be available to work with the 50 participants in the pilot. Mentors were sought among experienced entrepreneurs, investors, tech experts, researchers and other leaders in the innovation ecosystem.
FeatureDetailNotes
Launch date3 June 2021Press announcement and EIC site
Pilot cohort size50 womenTailored training, personal mentors and coaches
Mentor poolAbout 500 candidatesFrom a March 2021 call
Application deadline (pilot)2 July 2021Open only to EIC beneficiaries
Eligible projectsEIC Accelerator, EIC Pathfinder and EIC Pilot projectsFuture extension to WomenTechEU

Context: why the EIC and Advisory Board see this as necessary

The EIC and its pilot Advisory Board frame the Women Leadership Programme as a response to persistent underrepresentation of women across the deep tech innovation chain. The Board underlined that improving female representation is not only a matter of fairness but also of competitiveness, arguing that Europe cannot afford to leave talent untapped as it competes internationally for strategic technologies.

Selected statistics and trends cited by the EIC and its Advisory Board

The Advisory Board and EIC materials draw attention to several alarming indicators across research, entrepreneurship and investment. Within the EIC pilot the agency points to measurable improvements while also recognising much wider systemic gaps that require action beyond a single programme.

IndicatorEIC / Board figureSource or purpose
Women-led companies awarded EIC Accelerator fundingFrom 8% to 29%Increase during EIC pilot stage after prioritising women-led companies for interview pitches
Share of jury members recommending EIC funding who are women50%EIC jury composition for interview pitches
Share of business coaches who are women42%EIC Business Acceleration Services
Women as senior management in deep tech start-upsLess than 20%Advisory Board statement on systemic imbalance
CTO positions in deep techReported stagnation at 1%Advisory Board highlighted this as a weak point in technical leadership
VC capital to men-only teams in 202091% of capital; 85% of roundsAdvisory Board cited European VC data for 2020
VC leadership in Central and Eastern Europe19% of VCs led by women or mixed teamsRegional breakdown cited by the Advisory Board
VC partner positions in Nordic countries held by women11%Advisory Board regional data

Advisory Board recommendations and proposed actions

The EIC pilot Advisory Board published a Statement on Gender and Diversity on 1 June 2021 that identified concrete measures across the innovation lifecycle. The Board framed these recommendations as targeted, deliverable steps to increase the pipeline of women leaders and to change the incentives and selection mechanisms that currently bias outcomes.

Research phase recommendation:Target an equal share of women leading research work packages in EIC Pathfinder projects. The Board asks for a data driven baseline and a clear path to reach parity because leading work packages is an important career step and female participation drops as academic careers progress.
Entrepreneurship selection recommendation:Expand the share of women-led companies invited to EIC jury pitches to above 40 percent and broaden the definition of women-led to include senior executive roles beyond the CEO such as CTO, CSO and COO. The Board points to the EIC pilot experience where prioritising women for interview pitches raised the funded share without lowering quality.
Investment and fund of funds recommendation:The EIC Fund should partner with a maximum number of women-led funds and with funds with diverse management. The Board urges funds of funds such as EIF and the EIB to prioritise backing venture funds with diverse management teams and to implement concrete strategies to change the status quo quickly.
Data and monitoring recommendation:Collect, harmonise and share diversity data across the innovation ecosystem, especially from the venture capital world, to establish baselines, monitor progress and target actions. The Board also recommends the creation of an innovation diversity prize and broader monitoring of other diversity dimensions beyond gender.

Eligibility, deadlines and next steps

The pilot was open for applications from women participating in EIC-funded projects. Eligible beneficiaries included start-ups and SMEs awarded EIC Accelerator funding, research teams supported through EIC Pathfinder and projects awarded under the EIC Pilot. Applications for the pilot phase were scheduled to close on 2 July 2021. The EIC indicated that the programme will be extended in a second stage to projects selected under the WomenTechEU scheme.

Assessment and implications

The Women Leadership Programme is a pragmatic, targeted intervention inside the EIC's existing Business Acceleration Services. The small cohort size and the emphasis on mentoring reflect a common approach to leadership development. The pilot benefits from a ready mentor pool which suggests reasonable capacity for high quality coaching during the first phase. However the programme by itself cannot address structural barriers such as gender imbalance in venture capital decision making, bias in technical leadership pipelines and regional variations in fund management diversity.

Key risks and open questions include the limited scale of the pilot relative to the size of the problem, the quality and matching process for mentors, whether the initiative will be sustained and funded at scale, and how outcomes will be measured. The Advisory Board's broader set of recommendations points to systemic levers that will be necessary for durable change. Those levers include changes to fund of funds allocation policies, standardised diversity data collection, and more ambitious targets across research leadership and fund management.

Why it matters for EU innovation policy

From an EU policy perspective the initiative aligns with wider Horizon Europe priorities on widening participation and gender equality. If implemented with transparency, rigorous monitoring and coupling to funding decisions, this kind of programme can help increase the visibility and investment readiness of women-led deep tech teams. That said, the EIC and other EU actors will need to combine targeted capacity building with policy levers that affect where capital flows and who makes investment decisions if they hope to change outcomes at scale.

Practical takeaways

For women in EIC-funded projects interested in applying, the immediate step in 2021 was to apply by the stated deadline and to consider requesting a business coach if eligible. For investors, fund managers and policymakers the Board's recommendations signal an expectation that financial actors will be asked to play a more active role in diversifying leadership at fund and portfolio level. For the wider innovation ecosystem the test will be whether the pilot expands and whether the EIC and its partners attach measurable targets, transparent data collection and resources to the Board's proposals.

Stakeholders should watch for follow up on the WomenTechEU roll out and for any commitments from the EIC Fund, EIF and EIB on prioritising investments that increase diversity in fund management. Public statements are a necessary first step. The harder question is whether these produce measurable changes in capital allocation and leadership pipelines over the medium term.