
Foundations
Part of Women founder funding foundations: reading the evidence
Five models that support women founders, and the incentives behind each
Compare five service and capital models supporting women founders in England, including their incentives, evidence limits and conflicts to test.
What to take away
- Five models support women founders in England: the Investing in Women Code, Innovate UK Women in Innovation, Ada Ventures, Hatch Enterprise and Enterprise Nation.
- Two of them move moneyInnovate UK awards non-dilutive grants, and Ada Ventures invests equity at pre-seed and seed.
- The other three change lender process, run programmes, or sell advice and introductions.
- Each provider's revenue explains its advice, so ask who pays and what happens if the honest answer is "do not apply".
- Published amounts change with every round, so confirm current terms before relying on any figure.
The five models side by side
What a founder gets
- Investing in Women Code
- Data-led changes to lender process
- Innovate UK Women in Innovation
- Non-dilutive grant plus support
- Ada Ventures
- Equity at pre-seed and seed
- Hatch Enterprise
- Programme, peers, introductions
- Enterprise Nation
- Advisers, events, suppliers
Who pays
- Investing in Women Code
- Banks and lenders
- Innovate UK Women in Innovation
- Public funding
- Ada Ventures
- Fund investors
- Hatch Enterprise
- Sponsors, contracts, fees
- Enterprise Nation
- Members and partners
Main limit
- Investing in Women Code
- A pledge is not a product guarantee
- Innovate UK Women in Innovation
- Fixed competition, closed rounds
- Ada Ventures
- Stage, geography and return tests
- Hatch Enterprise
- Limited, competitive places
- Enterprise Nation
- Commissions can shape the shortlist
Investing in Women Code signatories
The Investing in Women Code is a government-backed framework. Signatories collect gender-disaggregated data and review their lending and investment processes. Barclays, NatWest, Lloyds, Santander and HSBC are among the UK signatories. The Investing in Women Code annual report lists current partners and their commitments.
Incentive: reputation, better data and a wider deal pipeline. A pledge is not a product guarantee, so check the lender's live eligibility rules and rates. Revenue usually comes from interest, fees or fund returns, so read how funders price and get paid before comparing headline rates.
Innovate UK Women in Innovation
Innovate UK funds eligible founders against a policy objective, usually with training or mentoring attached. Women in Innovation ran a 2026 cohort across selected sectors.
Award values and round status sit in each published competition, so any historical sum, such as the roughly £50,000 seen in earlier rounds, is indicative only. Confirm the amount on the live competition page; Innovate UK's own page explains its role and links to open competitions.
Incentive: policy goals and non-dilutive project money. Constraint: fixed scope, timetable, assessment and delivery duties. Check eligibility and the deadline before drafting.
Ada Ventures
Ada Ventures is a UK venture firm that backs overlooked founders, including women, at pre-seed and seed. Its Inclusive Alpha thesis names women alongside other under-represented groups. Fund size, cheque range and stage tests sit in its fund documents, so read those rather than a marketing page.
Incentive: management fees and carried interest, which ties its income to fund returns. Constraint: stage, geography and return requirements narrow eligibility. Check whether "for women" means a woman chief executive, an ownership threshold or an investment lens. The operating models behind each provider are compared in more depth elsewhere.
Hatch Enterprise
Hatch Enterprise is a London-based charity that runs accelerator and incubator programmes for under-represented founders, including women. It supplies education, peer support and introductions, and some programmes add a grant, stipend or investment. Cohort size and grants vary, so ask for current terms.
Incentive: grants, corporate sponsors and public contracts, which reward demonstrable participant outcomes. Constraint: places are limited and selection is competitive. Ask how participants are chosen and which results were independently tracked.
Enterprise Nation
Enterprise Nation is a UK small business network and marketplace. It connects founders to advisers, events and suppliers, and earns from membership fees and partner commissions. Advisers may charge fixed fees, hourly rates, success fees or provider commission.
Incentive: membership income and partner commissions. Constraint: commercial incentives can shape the shortlist you see. Ask for written disclosure of fees, provider coverage, data sharing and who owns the submitted claim.
Verifying a provider before you commit
Work through this checklist before sharing records or signing.
Verifying a provider
- Search the FCA Register for the entity's permissions and status.
- Check Companies House for filings, directors and the registered address.
- Read the live competition page for the current amount, deadline and scope.
- Ask for the participant count behind any outcome claim.
- Get fee, commission and data-sharing terms in writing.
Before you act
- Record who pays, receives and decides
- Verify identity and permissions
- Ask for the denominator behind claims
- Require written disclosure of payments
- Unbundle roles and charges
- Check current eligibility and terms
If the right answer is "do not apply", would the provider still be paid? Settle that before you share anything.
Headline totals hide the median result, so read metrics that separate access from outcomes before comparing two providers.
Common questions
Which five models does this article cover?
The Investing in Women Code, Innovate UK Women in Innovation, Ada Ventures, Hatch Enterprise and Enterprise Nation. Each has a different revenue source, evidence standard and limit.
Which of them can actually give money?
Only two move capital on terms. Innovate UK awards non-dilutive grants through open competitions, and Ada Ventures invests equity at pre-seed and seed. The Code, Hatch and Enterprise Nation do not lend or invest directly.
How do I verify a provider?
Check the FCA Register for permissions, Companies House for filings and directors, and the live competition page for grant terms. For a blended service, unbundle who educates, recommends, arranges, decides and supplies the money.
What should I ask before signing?
Ask who pays the provider, how outcomes are measured, what the participant count is, and whether any fee or commission was disclosed in writing.



