HSBC Private Banking has partnered with a female entrepreneurs network, providing advice to women pitching business ideas to potential investors.
The partnership with AllBright will see the bank support a series of events in London designed to help female-founded businesses access advice and support from experienced angel investors, high-net-worth individuals and business leaders.
At the events the entrepreneurs will be given a platform to pitch their business plans to a panel of investors, with HSBC Private Banking actively participating on the panel to offer tailored investment and financial advice.
According to HSBC, 42 per cent of female entrepreneurs cite funding as one of the most challenging barriers to starting a business.
António Simões, chief executive at HSBC Private Banking, said: "Having supported entrepreneurs throughout our 154 year history, we know how important it is for them to have access both to capital and expertise.
"We are proud to be partnering with Debbie Wosskow and Anna Jones, the co-founders to the AllBright, to help offer some of the most talented female entrepreneurs the resources they need to help grow their businesses."
Mr Simões said the partnership was part of the bank’s broader commitment to supporting entrepreneurs, who he said were a vital part of the economy.
Debbie Wosskow OBE, co-founder of AllBright, said: "We are delighted to be partnering with HSBC Private Banking.
"They bring a wealth of business knowledge, global connections and decades of experience to AllBright’s pitch days – helping to achieve our joint ambition of supporting female entrepreneurs."
Female founders with early-stage startups are invited to register their interest in the programme, with successful applicants likely to be at minimum viable product (MVP) stage and beyond, and having secured a minimum of £150,000 in investment or revenue to date.
rachel.addison@ft.com
