Gender Balance in Entrepreneurship – What does that mean?
Gender balance in entrepreneurship means moving from ‘hero-preneurship’ to collaboration and away from hierarchy to scaling through adaptation or replication by others.
As we start to re-build into a green, diverse, and inclusive economy, limiting the barriers women and newcomer entrepreneurs face will be essential. Did you know that 15.7% of small and medium enterprises are owned by women, which makes up the bulk of Canada’s companies? Canada has made progress towards narrowing the gender gap but still sits at 19th place for developed economies and fell in 2019 (from 16th place in 2017). Did you also know that when male entrepreneurs make a pitch for funding, they receive funding 68% of the time? The same pitch, made by a woman – same words, same pitch – is only funded 32% of the time.
Our report: Financial Inclusion in the Green Economy (FIGE) sets sights on addressing inequalities between genders by identifying current and future barriers to financial inclusion for women in the green economy. This report was launched in response to local anecdotes from women entrepreneurs struggling to break into the green economy.
As quoted by Mikaila Montgomery in the Times Colonist– co-coordinator of the program:
“Victoria is in some ways a leader in gender equality — but there is always room for improvement. We still hear of stories of women entrepreneurs making a pitch for funding to start a business being declined — and advised to come back with a man.”
This project is just the beginning of the conversation. The council is working on phase 2 of the project and we are always looking to hear from individuals who have been challenged with these barriers. If you would like to get in touch, please reach out to Alisha Evans at firstname.lastname@example.org