TLDR:
A new survey found that only 6% of the British public feel confident in describing venture capital (VC), highlighting a lack of education around the concept. Newton Venture Program is addressing this issue by launching a free course called Newton Foundations to help people understand VC and its role in the economy. The course aims to attract a more diverse cohort of people into roles in the VC industry.
Article Summary:
A recent survey revealed that just 6% of the British public feel confident in describing venture capital (VC), showcasing a lack of knowledge and understanding around the concept.
- Less than 10% of the British public is very familiar with VC
- A majority of the public is not familiar with venture capital
- Survey shows a gender and regional disparity in knowledge about VC
Newton Venture Program has launched a free online course called Newton Foundations to help demystify VC and attract a more diverse group of people into the industry. The course covers various aspects of VC, including its definition, history, and the VC process.
VC industry currently struggles with lack of diversity and inclusion, with majority of VC general partners being men and lack of representation from various backgrounds. Newton Venture Program aims to level the playing field by providing development and training to overlooked and underestimated individuals.
Access to the Newton Foundations course is now live, and the program expects up to 500 people to complete the training by the end of the year.
