Month: March 2023

The gender split of British microbusiness founders in the last 12 months is 46% female vs 53% male, a much narrower gap than microbusiness owners in general (38% female vs 60% male)The shift could be due to flexible working patterns and the normalisation of working from home, GoDaddy experts believeBut obstacles remain to female entrepreneurship as 82% are still responsible for domestic chores and 44% see childcare as a barrierGoDaddy salutes ‘Unstoppable Women in Business’ ahead of International Women’s Day 2023

London, UK, March 17, 2023 /3BL Media/: The proportion of British microbusinesses owned by women has surged during the cost-of-living crisis and since the start of the pandemic, new data from GoDaddy shows.

Research conducted among microbusiness owners* shows that, in general, the gender split is 38% female, 60% male and 2% non-binary. But in businesses that have launched since 2020, the split is 47% female vs 52% male, and in businesses created in the past 12 months it’s 46% female vs 53% male. 

However, GoDaddy’s ‘Unstoppable Women’ study also shows that female founders face different challenges from their male counterparts. 

While 78% of female entrepreneurs believe there are more opportunities for women owning a business rather than working for someone else, many still contend with pressures outside of work. Over four fifths of female business owners (82%) say they are responsible for most domestic household duties, while 44% say the costs and expectations associated with childcare are a barrier to female entrepreneurship. Almost half (46%) of the respondents to the GoDaddy survey said they have children under 18.

In general, set-up costs (52%) and time commitments (48%) were highlighted as the biggest obstacles to women starting a business, despite 72% of female founders creating their business for under £1,000. 

One female entrepreneur who has overcome challenging circumstances to set-up a thriving microbusiness is GoDaddy customer, Catherine Sweet, founder of Bobcat Gallery. 

She says: “Caring responsibilities towards members of my family held me back from starting my own business for a long time. I was always passionate about making art buying more inclusive and affordable while showcasing emerging artists, but while being a carer I could never find the time, resources or mental space. When my situation changed and my former employer went through a restructure, I decided to take a leap of faith and follow my dream. Working with GoDaddy, I was able to easily launch the Bobcat Gallery website, which has enabled me to grow my business and establish credibility in the art world.”

Tamara Oppen, GoDaddy Vice President, adds: “Women want to start businesses and become entrepreneurs, but too often they face barriers which prevent them from doing so. However, the rise in flexible working patterns and working from home has made it easier to fit in running a microbusiness alongside other commitments. At GoDaddy, we pride ourselves on helping all entrepreneurs thrive, and ahead of International Women’s Day, we are saluting women like Catherine who are achieving great success against the odds. They really are unstoppable.”

For more information, please contact MHP Group: godaddy@mhpgroup.com

Notes to editors:

*Antenna, an independent consumer research agency on behalf of GoDaddy, conducted an online survey of 1010 female business owners in United Kingdom. The survey was conducted between 23/12/22 – 09/01/23. The survey data collection was national and respondents were sourced using an accredited online research access panel. Data was weighted for representation against country census data.

About GoDaddy
GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy’s easy-to-use tools help microbusiness owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com.

About the GoDaddy Survey
Research methodology: Antenna, an independent consumer research agency on behalf of GoDaddy, conducted an online survey of n=1009 women business leaders in Canada. The survey was conducted between 23/12/22 – 09/01/23. The survey data collection was national and respondents were sourced using an accredited online research access panel. Data was weighted for representation against country census data.

Both companies enter into a global strategic partnership for Biologicals discovery and commercialization, that includes crop protection and biostimulant products based on molecules derived from natural sources / Kimitec becomes a new strategic partner for Bayer, combining their unique biologicals discovery capabilities with Bayer’s global field-testing resources, market expertise and comprehensive crop protection portfolio / Implementation of LINNA®, Kimitec’s MAAVi Innovation Center AI platform, will accelerate the discovery of natural molecules 

MONHEIM, Germany and ALMERIA, Spain, March 17, 2023 /3BL Media/– Bayer and Kimitec announced today a new strategic partnership focused on accelerating the development and commercialization of biological crop protection solutions and biostimulants. As part of a global agreement, both companies will become key partners to advance and establish biological solutions derived from natural sources: crop protection products that address pests, diseases and weeds, as well as biostimulants to promote plant growth.

Kimitec operates the MAAVi Innovation Center, Europe’s largest biotechnological innovation hub with 15 years of experience in the research and discovery of natural molecules and compounds for agriculture and food sectors, to provide farmers and growers with all types of natural agricultural products. By leveraging Bayer’s unparalleled product development expertise with Kimitec’s proven discovery capabilities, biological product development will be accelerated to build integrated crop management solutions that can scale and develop through Bayer’s global infrastructure backbone. This includes field testing, product support and commercialization.

“Bayer is committed to providing growers with the benefits of biological solutions as part of an integrated crop management system backed by our leading traits, crop protection products and digital tools,” said Dr. Robert Reiter, Head of R&D for Bayer’s Crop Science division. “Every farmer can benefit from biologicals, from seed treatment to pest control, and Bayer will be bringing together systems of solutions to provide more value by providing farmers greater flexibility.”

With this agreement, Kimitec becomes a key partner for the acceleration of Bayer’s pipeline of Biologicals. As a world leader in biologicals R&D, Kimitec’s MAAVi Innovation Center will provide its expertise and its unique disruptive technology, including AI as an enabler of faster time-to-results. This will fuel Bayer’s ability to market the next generation of biological solutions.

“Our work with Kimitec offers a unique accelerated path to innovative biological solutions that will help us deliver on our shared vision for a new generation of effective, safe, and sustainable solutions derived from nature,” said Benoit Hartmann, Head of Biologics for Bayer’s Crop Science division. “Being able to partner with Kimitec is exactly how Bayer is going to leverage the open innovation ecosystem to work with our different strategic partners and bring the next generation of biologicals to growers.”

The biologicals market is expected to grow to nearly €25 billion by 20281, as consumers’ demand for low- and no-residue food products, and retailer food sourcing standards drive growers to look for new innovations in crop protection. Since 2007, Kimitec has been developing effective biologicals that provide effective alternatives and complementary options to synthetic crop protection, aligning them well with Bayer’s strategy to provide best-in-class solutions for growers through the integration of future and existing technologies.

“15 years ago, Kimitec had a clear vision to change the way food was produced. Our agreement with Bayer will help us get closer than ever to materializing our vision as it allows us to expand our global footprint and bringing our technology to millions of growers for the first time,” said Félix García, Chief Executive Officer for Kimitec. “As a world leader in biological solutions R&D and manufacturing, Kimitec delivers natural and sustainable solutions without a compromise in efficacy or productivity to the farmer. This agreement with Bayer is closely aligned with our 360 Open Innovation strategy, to partner with world leading innovation companies to bring meaningful and sustainable solutions for the farmer, the consumer, and the planet.”

Note to editors: 
Representatives from Bayer and Kimitec will be attending Fruit Logistica in Berlin from February 8-10, 2023. You are kindly invited to our joint event on February, 9 at 3:00 p.m. CET at Bayer’s booth (Hall 1.2, Stand C23).

About Bayer 
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 billion euros. R&D expenses before special items amounted to 5.3 billion euros. For more information, go to www.bayer.com.

About Kimitec 
Kimitec positions itself as the alternative to agricultural products based on synthetic chemistry, putting consumer health, the respect for the environment and natural productivity at the heart of the agricultural production system. Currently, the company operates in over 94 countries and have branch offices in the USA, Brazil, LATAM and China. In 2019, Kimitec opened its MAAVi Innovation Center, Europe’s largest biotechnology innovation hub focused on the research and development of natural molecules and compounds, to facilitate the transition from synthetic chemistry to a more natural system in the agricultural and agri-food industries. MAAVi stands for “Making a Vision” and represents a unique way of producing food with natural solutions, without jeopardizing efficacy and productivity, and focusing on the environment and human health. Kimitec has currently over 50 independent research projects in the pipeline, all of them focused on developing natural, effective, productive, residue-free solutions for the main issues facing the farming industry worldwide. For more information, go to www.maaviic.com.

1 Source: DataM Intelligence, 2021: Global Agriculture Biologics Market

Market Size, Share and Forecast; Market Outlook, Opportunity and Data Analysis 2021-2028

Find more information at www.bayer.com.

Forward-Looking Statements 
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Contacts

Media Relations 
Alexander Hennig 
alexander.hennig@bayer.com 
+49 175 30-89736

Investor Inquiries: 
Bayer Investor Relations Team 
ir@bayer.com

Kimitec 
Paloma Touris

palomatouris@kimitec.com 
+34 617 811841

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