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To inspire change and support female entrepreneurs in overcoming challenges during the investment process, HSBC Private Banking partnered with women’s networking club AllBright to host their first women-oriented pop up in Hong Kong, which includes pitch courses, investor workshops and a pitch day.
According to the She’s the Business report, while Hong Kong has the highest proportion of gender balanced investor panels compared to other markets at 81% of all panels, 31% of female entrepreneurs in Hong Kong said they have experienced gender bias when securing capital. The two most challenging stages in the pitching process are preparing a business plan and dealing with further presentations and negotiations with investors.
In light of this, the pop-up workshops provide aspiring female entrepreneurs with the opportunities and resources needed to grow their businesses.
Meanwhile, the pitch day held on 13 November 2019 focused on helping, coaching and mentoring female entrepreneurs, providing them with a wealth of experience, expert advice and access to HSBC’s extensive global connections, including experienced investors. It featured seven ambitious female entrepreneurs who have founded and headquartered their respective companies in Hong Kong. They pitched their business to experienced angel investors, high-net-worth individuals and business leaders.
“We are proud to work with AllBright to bring the Pitch Day Series to Hong Kong. The highly competitive entrepreneurial environment in Hong Kong has produced many successful female entrepreneurs. We believe the event has helped strengthen confidence in the female entrepreneur community, and represents a move in the right direction for the industry and investment landscape in Hong Kong,” said Siew Meng Tan, regional head of HSBC Private Banking, Asia Pacific.
Designed to enable the necessary skills, connections and confidence smart women need to thrive, AllBright runs a monthly pitch day for female founders, as well as digital training and in-person workshops through its digital academy.