A special event with a twist will be held today aimed at connecting Black and diverse-led businesses in the #LiverpoolCityRegion with investors.
The 'Reverse Pitch Day' will flip the traditional dynamic and see social investors, angels, venture capitalists, and mainstream funders pitching to entrepreneurs - rather than the other way round.
Investors will showcase the support they can offer businesses led by diverse founders ranging from social enterprises to high-growth startups, and they will explore potential partnerships and investment opportunities.
Hosted by BlaST Network LCR (Black-led Social Traders Network) and co-sponsored by the LCR Race Equality Hub, the event at The Spine in Knowledge Quarter Liverpool (KQ Liverpool) will feature local investors Kindred LCR, Livv Investment, LYVA Labs, Baltic Ventures, Citizen First LCR and national investors such as NatWest Social & Community Capital, KeyFund, Growth Company and Praetura Ventures.
Research shows Black and multi-ethnic communities make up 14% of the UK population – yet all-ethnic teams received an average 1.7% of venture capital investment between 2009 and 2019. Black-led organisations received the smallest share - with 0.24% of the total amount - and Black female entrepreneurs experienced the poorest outcomes with just 0.02% over the decade.
Joanne Anderson, who is leading the event, said: 'The day is a unique chance to support the growth of diverse businesses and make valuable connections that will help drive lasting change in the region.'
Liverpool City Region Race Equality Hub Programme Director Alison Navarro said: 'This event is a brilliant way to connect with the incredible talent across our region. It’s a powerful platform for building relationships, sharing ideas and championing the value of diversity in business.'
Paula Brown, from event sponsor Livv Investment, added: 'We’re all about getting social investment to the people making a difference. The Reverse Pitch Day is a fantastic opportunity to engage directly with founders from diverse backgrounds, who are creating innovative, impact-led businesses.'
The event will be hosted by award-winning co-founder and CEO of Foundervine ,
Izzy Obeng MBE.
Katherine Fairclough | Richard McGuckin | Tim Games | Kirsty McLean | Camilla Mankabady | Michelle Charters | Sonia Bassey MBE, FLJMU