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As a young and innovative-driven industry built for women by women, what FemTech has managed to do in the last few years is not reinvent the wheel but realign it to put women’s needs first and make the dialogue around health more inclusive using the tools we use daily to communicate and express ourselves online. The shift to readily available digital platforms for networking over a traditional approach for female entrepreneurs and women in the industry is already bearing fruit, as more women are discovering new opportunities and ways to build supportive networks online to help them move closer to their goals and drive meaningful change in FemTech.
Why Women Are Turning to Online Professional Communities
Although the FemTech industry exists to cater to women’s needs, the lack of adequate financial backing and support female founders have received has been underwhelming when compared to their male counterparts in the same industry. This bias, which has existed prior to the growth of the industry, has fueled frustration among female founders as they have felt left out in an industry that is supposed to champion women’s needs, led by women who live and experience the health challenges the industry is striving to address. Feeling unheard and invisible, women in FemTech have turned to platforms such as LinkedIn, Facebook, and other online forums to build parallel ecosystems where they offer each other advice, support, and opportunities to collaborate and challenge the status quo through knowledge-sharing and collective activism. The hundreds of active FemTech groups which are shaping the industry in real time through real dialogue and connections are now growing beyond mere virtual communities into collective voices swaying FemTech toward an inclusive future that reflects the needs of women. Besides offering a virtual space to discuss and exchange ideas, these thriving online communities, which have spread all over the globe from the Indian subcontinent to Europe and Africa, are now connecting their members in the real world with in-person forums and get-togethers, which are providing an invaluable platform for close collaboration and partnerships.
Why This Matters for the Future of Women’s Health
The changes we have witnessed in the last 10 years in FemTech and the women’s health sector, although impressive, are only one of the many milestones to come, provided that we shift our approach to FemTech and its women founders. Bias against women and archaic prejudices have repeatedly proven to be nothing more than unfounded barriers standing in the way of women determined to challenge the status quo.
PQE Group, as a life sciences company founded and led by a woman committed to equal opportunities, has long recognized the gap in FemTech. With the launch of its dedicated program to support FemTech startups through its expertise and global reach, PQE has positioned itself as a key supporter of women entrepreneurs in life sciences. FemTech and these women entrepreneurs are contributing to groundbreaking advances in areas that had been overlooked for years, such as endometriosis, polycystic ovary syndrome (PCOS), and pelvic pain disorders, which affect millions of women every year. The growth of women-led online FemTech communities is yet another visible sign of resilience and of the desire to build an inclusive business and health ecosystem that truly responds to women’s needs rather than ignoring them or treating them as less significant.
Are you a woman who has established a life sciences company or a FemTech startup? PQE Group has a wealth of resources and trusted expertise to help take you from where you are to where you should be. You have made it this far! Make sure you check out our dedicated FemTech portal and see what PQE Group can do for you and your FemTech business.
