Table 2

Profiles of 15 black women entrepreneurs: team, programs and networks, business/product and funding

EntrepreneursRecruitment of team membersTeam composition and missionEntrepreneurial programs
Ecosystem actors
Social network
Business/productSource of funding
Ent AFrom work in tech company
  • Male co-founder

  • Female Mission

  • BEE Mission

  • Industry training accelerator

  • Commercial incubators: mentors and social network

  • Social network in the space industry

Engineering business, space engineering
  • Seed capital funding

  • Government financial investment support Development Bank support

Ent BUniversity
Professor and students
  • Female CEO, male co-founder from academia

  • Shared values

  • Diversity mission

  • Government funded incubator

  • Commercial incubator

  • University network to attract students

  • Global forum speaker

  • Government support

Agri tech productBootstrapping Government grant
Ent CCorporate finance, colleagues or the same board
  • Black female team

  • BEE mission

  • Social network from investment banking/corporate finance

  • Personal relationships with white males

  • Strong networks with banks and government bodies

  • Government development agencies'’ support

  • Corporate finance,

  • Black female-owned fund, active

Bootstrapping Corporate BEE fund
Ent EFamily and University
  • Husband is co-founder (white), and an engineer

  • Social mission

  • International Summit

  • International pitching conference

  • US-based accelerator program

  • Tech ecosystem in Western Cape EE

  • Government agency support

  • Home service platform

  • Bootstrapping

  • Angel investor

  • Governmental funding

  • African-focused VC fund

Ent FUnknownBlack female CEO (team unknown)
  • Financial institution development program

  • Social network from corporate finance/investment banking

  • Local SME Fund

  • Social network and allies from corporate

  • Investment bank investment fund

Corporate finance, diversified VC fundPublic-private sector fund
Ent GThrough friends
  • Black female CEO/CTO, others are black males

  • Female mission

  • University Incubator

  • Global accelerator

  • VC for Africa, access to investors

  • STEM network for women

  • Pan-African businesses network

  • Women role models/mentors

  • Financial services investment funds

  • Fintech, financial literacy, AI

  • Bootstrapping

  • Seed capital fund

  • Corporate enterprise development fund, BEE

Ent HFrom university
  • Black female CEO, software developer and a teacher

  • Impact driven

  • Social network from previous career

  • International

  • Entrepreneurship program

  • Hubs and incubator network

  • Global finance funding

  • Incubator for edtech

  • International financial institution funding

  • Education Tech learning App

  • Virtual reality and gaming

  • Government grant

  • Seed capital Corporate enterprise development fund

Ent I
  • Work and private life

  • Female-led team, black and white

  • Start-up boot camp

  • Local financial institution fund

  • Accelerator – mentorship

  • Government agency funding

  • Inclusive fintech, microfinance

  • Seed capital fund

Ent K
  • Recruited team at university

  • Black woman CEO, white male co-founder and eight team members

  • International accelerators

  • Mentors, advisors & investors

  • Local development initiative

  • Data analysis

  • Software company

  • Angel investor

  • Seed capital fund

Ent L
  • Inspiration from community workshops

  • Black woman CEO

  • Freelancers for work tasks

  • Mission for justice

  • Corporate incubator

  • White female investor

  • Global Accelerator program

  • Legal advice App

  • Enterprise development foundation

  • Seed capital fund

Ent M
  • Recruited co-founder at university

  • Black woman CEO white male co-founder and seven team members

  • International accelerator

  • Mentors

  • Medical support services app

  • Angel investors

  • Seed capital fund

Ent O
  • Corporate, industry career, Biotech studies

  • Co-founder with husband (black male) and two full-time technicians, two part-time research assistants, two males and females

  • Female mission

  • British entrepreneurial program

  • Government-funded incubators

  • Biotech incubator

  • Winning awards

  • Conferences/Exhibitions

  • Universities, national and abroad

  • Industry collaboration

  • Sustainable bio-based products

  • VC capital

  • Grants

  • Bootstrapping

  • Competitions

Ent P
  • Peer students in chemistry

  • Inspired by chemistry studies

  • From science to products in chemical sector.

  • Black-owned company two women and two men

  • Mission – empower women in business and manufacturing

  • Industry/manufacturer collaboration

  • Business seminars

  • International accelerator

  • Business awards

  • Fellowship for young African leaders' business program Network with other young leaders in sub-Saharan Africa

  • Business Exhibition

  • Government Empowerment Fund

  • Cosmetic science/manufacturing

  • Bootstrapping

  • Government grants

  • Competitions

  • Other Funding

Ent Q
  • Skilled technicians and unskilled individuals from local community

  • CEO and founder

  • 13 employees, three in leader team (all males).

  • Mission, empower local communities, bridge the digital divide

  • Learning with industry telecommunication

  • Innovator Trust

  • Mentorship

  • Incubation program

  • Government agency support

  • Royal academy of engineering

  • Innovation awards

  • Cutting-edge ICT solution

  • Bootstrapping

  • Grants

  • Public funding

Ent R
  • Business, energy industry and University

  • Woman CEO with three team partners, white and black males

  • Pan-African mission and vision

  • Pan-African Network of entrepreneurs

  • Development program for women in energy and network

  • Energy-tech tool

  • Funding development institution

  • In early process to raise capital

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