Baroness Martha Lane-Fox, a champion of women in the technology sector, has said the number of female employees working in tech are even lower that in the Parliament.
“Under 10 per cent of internet companies are founded by women,” Baroness Lane-Fox, who co-founded Lastminute.com, an online travel and leisure retailer platform, told the BBC.
"If you look at the venture capital community it's about 9 per cent and the numbers overall of women working in tech, it's about 17 per cent - a smaller percentage than the number of women in Parliament.
“Fewer than one in 10 of these women are in leadership positions within the tech sector and, perhaps most shockingly, women only hold 4 per cent of software engineers," she added.
Her comments come a day after research suggested that businesses led by women are some of the fastest growing in the UK and have collectively contributed more than £2 billion to the UK economy in 2015.
Over 760 women-led business identified by the study are expanding at a medium growth rate of 30 per cent a year. Almost 60 per cent of these companies are growing by 20 per cent or more, the research found.
The data compiled by Founder4Schools, free nationwide service that connects classrooms with succesfull business leaders, used interactive maps revealing the location of women-led businesses with £1 million to £250 million in revenue across the UK.
"I think the overwhelming message is that women are fantastically good investments - all the data from today's research shows that women-led businesses, scale up, they're fast growing, they deliver a great return,” Martha-Lane Fox said.
But she said that more things need to be done.
“We should be encouraging a new big skilling up programme for women who are currently not in work or want to come back into work to show the advantages. The programme paid by the companies that need to fill their tech talent shortages,” she said.
The world's 15 most powerful women in 2015
The world's 15 most powerful women in 2015
1/15 Angela Merkel - German Chancellor
German Chancellor Angela Merkel has retained her number one ranking for topping this year’s Forbes list for the fifth consecutive year and ten times in total.
2/15 Hillary Clinton - Presidential candidate, United States
Clinton, who could become the world’s most powerful leader in 2016, has been featured on the list every year since it launched in 2014.
3/15 Melinda Gates - Cochair, Bill & Melinda Gates Foundation
Melinda Gates has cemented her dominance in philanthropy and global development to the tune of $3.9 billion in giving in 2014 and more than $33 billion in grant payments since she founded the Bill & Melinda Gates Foundation with her husband in 2000.
4/15 Janet Yellen - Chair, Federal Reserve, Washington, United States
Janet Yellen made history in 2014 when she became the first female head of the Federal Reserve.
5/15 Marry Barra - CEO of General Motors
Mary Barra made history by becoming the first female CEO of General Motors.
6/15 Christina Lagarde - Managing director, International Monetary Fund
Christine Lagarde is entering the last year of her first term heading the International Monetary Fund (IMF), the organisation which serves as economic advisor and backstop for 188 countries. Under Lagarde the IMF has supported efforts to increase female labor force participation as way to reduce poverty and inequality. The UK, Germany, China, France and Korea have endorsed Christine Lagarde for another term as the head of the IMF.
7/15 Dilma Rousseff - President, Brazil
Dilma Rousseff, who has been elected in 2010, is Brazil's first female president.
8/15 Sheryl Sandberg - COO of Facebook
Sheryl Sandberg, Facebook COO and author of bestseller “Lean In,” joined the company in 2008 and became the first woman on its board four years later. Sandberg helped the social network go public and expand digital revenue.
9/15 Susan Wojcicki - CEO of Youtube
Susan Wojcicki is CEO of YouTube, the world’s most popular digital video platform used by over a billion people across the globe. She oversees YouTube's content and business operations, engineering, and product development.
10/15 Michelle Obama - First lady, United States
Michelle Obama, the 44th first lady of the United States has focused her attention on issues such as the support of military families, helping working women balance career and family and encouraging national service.
11/15 Park Geun-hye - President, South Korea
Park Geun-hye is the first female leader of a country that has the highest level of gender inequality in the developed world. In her inauguration speech, she promised to prioritise both national security and economic revitalisation.
12/15 Oprah Winfrey - Actress, Director/Producer, Entrepreneur, Personality, Philanthropist
Oprah Winfrey, a former queen of daytime TV has proven she can thrive without a talkshow. Her 'The Life You Want' tour sold out stadiums from Newark to Seattle in 2014.
13/15 Ginni Rometty - CEO of IBM
Ginni Rometty joined IBM in 1981 and later became the first woman to lead the company.
14/15 Meg Whitman - CEO of Hewlett-Packard
Meg Whitman is the only woman to have headed two large U.S. public companies: eBay and Hewlett-Packard.Until Marissa Mayer's arrival at Yahoo, she was the only female head of a leading Internet-based company.
15/15 Indra Nooyi - CEO of PepsiCo
Indra Nooyi is Chairman and Chief Executive Officer of PepsiCo. Mrs. Nooyi leads one of the world’s largest convenient food and beverage companies, with 2008 annual revenues of more than $43 billion.
Researchers Francine D. Blau and Lawrence M. Kahn found that the lack of women in certain industries and specific jobs is one reason that women wages still lack behind.
“Significantly, women continue to lag in the STEM (science, technology, engineering and math), fields particularly in mathematically-intensive fields. And gender differences in college major have been found to be an important determinant of the pay gap between college-educated men and women,” the researchers said.