INVESTING IN WOMEN ENTREPRENEURS
Entrepreneurship is an essential building block for economic growth across the globe. It has been evident as well, the fundamental role that women play in the progress of the Canadian economy, considering that they represent 47 per cent of business owners and contribute $148 billion in economic activity; however, according to Statistics Canada, only 15.7 per cent of SMEs are owned by women, most with fewer than 19 employees. The Women Founders Fund aims to bridge the gap on entrepreneurial equal opportunity, by providing access to resources and empowering growth for female entrepreneurs.
Startup Canada and OnDeck Canada (formerly Evolocity Financial Group) have joined forces to invest in women-led companies in STEM (Science, Technology, Engineering and Math) through the creation of a platform which provides micro-grants to women entrepreneurs across Canada while accelerating the gender parity and further unleash the economic potential of women.