New York City Tops New Womenabling Cities Index

A new accounting of the most supportive cities for growth-oriented women entrepreneurs was recently released at the Global Entrepreneurship Summit, just ahead of the Dell Women’s Entrepreneur Network conference in Johannesburg, South Africa. The WE Cities Index lists the 25 cities globally that provide the most supportive capital, technology, talent, culture and markets for growth-oriented women, a population they refer to as “high potential women entrepreneurs.” Those cities are:DellWECitieschart

  1. New York City
  2. the San Francisco Bay Area
  3. London
  4. Stockholm
  5. Singapore
  6. Toronto
  7. Washington, DC
  8. Sydney
  9. Paris
  10. Seattle
  11. Munich
  12. Austin
  13. Beijing
  14. Hong Kong
  15. Taipei
  16. Shanghai
  17. Tokyo
  18. Mexico City
  19. São Paulo
  20. Seoul
  21. Milan
  22. Delhi
  23. Johannesburg
  24. Jakarta
  25. Istanbul

For an interactive look at how each of these cities ranks in the five major index areas, visit this web page.

The WE Cities Index follows on the heels of the Global Women Entrepreneurs Scorecard, which was released the prior year. That effort analyzed 21 variables in a five-element framework, and ranked 31 countries around the globe for their supportive policies and programs to help women scale their enterprises. The findings of the country-focused effort (which was supported in part from Womenable) were highlighted in this Womenable blogpost from 2015.

Tops on that list were the United States, Canada, Australia, Sweden, and the United Kingdom — home to nine of the 25 top-ranked global cities for women entrepreneurs who are shooting for the stars. Godspeed on your journey, ladies!

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Four Womenabling Numbers You Should Know

At the recent Enterprising Women of the Year annual gathering, I spoke to other members of the Editorial Advisory Board to update them on trends in women’s entrepreneurship around the world. This year, I shared four key numbers that every womenabler should know. Here they are for all of you to know and share as well: infogram4numbers

69

For every 100 male business owners there are around the world, there are only 69 female business owners. (SOURCE: Babson College, 2014 Global Entrepreneurship Monitor Women’s Report, 2015)

392 million

The number of women business owners worldwide. (SOURCE: Womenable calculation based on data from the International Labour Organisation’s 2015 Key Indicators of the Labour Market report)

$285 billion

The estimated gender credit gap in developing economies around the world. (SOURCE: Goldman Sachs Global Markets Institute, Giving credit where it is due, 2014)

$12 (or $28) trillion

The amount that would be added to global GDP if there were economic gender parity among all countries in each region of the world (the ‘best in region’ scenario, totaling $12T) or among all countries worldwide (the ‘full potential’ scenario, totaling $28T). (SOURCE: McKinsey Global Institute, The Power of Parity, 2015)

So, fellow womenablers, keep these four (or five) numbers at the ready. They not only indicate the amount of work we still have to do, but the benefits that will be realized once we approach economic parity. Onward and upward!

The Ten Most Womenabling Hashtags of 2015

It’s that time of the year … time for Top Ten lists! Womenable has joined in on the list-making since 2009, focusing primarily on the most noteworthy womenabling news, events and research of the year or – in the case of 2013 (the 25th anniversary of the Women’s Business Ownership Act of 1988) – of the previous 25 years.

Last year, we departed from our usual practice, distilling the top womenabling news of 2014 down to the top research-based factoids/soundbites.

This year, our 2015 Top Ten list – in keeping with growing trend toward shorter and sharper communication – is distilled even further, focusing on the top women’s empowerment hashtags of the year.

Now, there have been many feminist/social issue hashtags (such as #BringBackOurGirls, #YesAllWomen, #EverydaySexism, and #MeuPrimeiroAssedio [myfirstharrassment]) as well as a few interesting corporate “You Go, Girl” hashtags (with corresponding well-produced videos: #LikeaGirl and #ShineStrong primary among them), but here we want to focus on empowerment as a social media conversation.

So here, in alphabetical order within the general topic of conversation, is Womenable’s assessment of the Top Ten women’s empowerment hashtags of 2015:

All for One/One for All: These three hashtags are focused on rallying fellow women – and men – in working together for greater gender equality.allforone

  1. #AllinForHer, an initiative of Women Moving Millions.
  2. #HeforShe, an effort launched by UN Women on #IWD2014 with the star power of Emma Watson.
  3. #IronSisters, an exhortation of Theranos CEO Elizabeth Holmes for women to help other women, especially in non-traditional fields such as STEM.

Confronting Stereotypes: These three hashtags rose up from women responding to sexist stereotypes: the “boys with toys” notion that only men like technology or engineering, or to throwback ad campaigns.looklikeanengineer

  1. #GirlsWithToys, a social media response to an offhand comment from a male scientist, showing that girls like science, too.
  2. The misogynistic responses from a seemingly harmless company recruitment campaign prompted this hashtag response. #ILookLikeanEngineer is well worth a look.
  3. The feminist social media response from a “what were they thinking” ad campaign launched by a mobile phone company in India, #WhatWomenLove, is likewise well worth reading. (Also, this just in: IBM, normally a forward-thinking corporation with respect to gender diversity, is catching flak for an ill-thought-out hashtag campaign, #HackaHairDryer. Sheesh!)

Entrepreneurial Women: The only one of our top ten hashtags focused on women’s entrepreneurship, this social multi-media campaign gathered the stories of 1,000 women who are growing their own enterprising ventures.

  1. #1000Stories, from our friends at The Story Exchange

 

Where Are the Women?: These three social media conversations highlight the fact that women are still missing from many seats of power, and are underrepresented in STEM professions.

  1. How to solve challenges in science, technology, engineering and math? #AddWomen!
  2. It’s lonely at the top. A recent video from Elle Magazine in the UK, with the hashtag #MoreWomen, shows this in eye-catching fashion.
  3. The No Ceilings initiative from the Clinton Foundation showcases some of the tremendous progress being made worldwide in the area of gender equality, while admitting that we’re #NotThere yet.

 

Christmas Bonus: And here’s a special bonus hashtag, #PayGapWTF, a youth-focused response to learning that, yes, women are still paid less than men for the same work. WTF indeed!

Have we missed any? Let us know. Happy holidays from Womenable, and best wishes for a womenabling New Year.

What Do Women Entrepreneurs Need to Grow? A New Initiative Keeps Score

It’s one thing to encourage more women to start their own entrepreneurial ventures, but what are the elements that can ensure their future growth and success? And what countries are doing a good (and not so good) job of providing a “womenabling” environment for growth-oriented women entrepreneurs? These are the questions asked – and answered – in the new Global Women Entrepreneur Leaders Scorecard, a data-powered diagnostic tool developed by ACG Inc. with support from Dell.

The research team (of which Womenable is a member) considered the elements necessary for supporting growth-oriented, high-impact women entrepreneurs – AND what data are currently available on a regular basis – gathering and combining 21 data variables into an analytical framework comprised of five main elements:

  • Business environment;
  • Gendered access to resources;
  • Women’s leadership and legal rights;
  • A gendered entrepreneurial pipeline; and
  • Potential female entrepreneurial leaders.

DWEN_Global-Scorecard-ResultsThe resulting analysis, conducted among 31 economies that collectively account for 76% of global GDP, finds that the following countries provide the environment most conducive to supporting high-impact women’s entrepreneurship:

  1. United States
  2. Canada
  3. Australia
  4. Sweden
  5. United Kingdom

At the other end of the list are countries that are not so supportive:

  1. Bangladesh
  2. Pakistan
  3. India
  4. Egypt
  5. Tunisia

One important conclusion of the analysis is that even among highly-ranked countries there is much room for improvement, as the scores – calculated on a 0-100 scale – only reach 71 even in the top-ranked U.S.

And what can all of us do to help the cause? Several recommendations for action offered include:

  • Narrow the gender data gap by measuring progress of women entrepreneur-focused initiatives;
  • Prioritize female-owned businesses in public and private supply chains;
  • Promote and empower women in the workplace;
  • Raise the visibility of female role models in business; and
  • Build entrepreneurship skills for girls by investing in STEM education.

Learn more and download the GWEL Scorecard executive report and methodology at THIS WEB PAGE.

Business Support “On Equal Terms” in Sweden? Nära Skjuter Ingen Hare!

After eight excellent years of promoting women’s entrepreneurship in Sweden, the newly-elected government has closed programmatic support in this area (thus highlighting once again that elections do matter).
Swedish flag and people copy
In wrapping up their efforts, however, Tillväxtverket (the Swedish Agency for Economic and Regional Growth) has compiled some lessons learned reports. Here, for your enlightenment, are:

Many thanks to fellow womenabler Gunilla Thorstensson for sharing these reports with us. Unfortunately, business promotion “on equal terms” (meaning “one size fits all”) will likely not stand women entrepreneurs in Sweden in good stead going forward. As they say in Sweden, nära skjuter ingen hare!

Perhaps this will spark advocacy and action among women’s business groups there. From adversity can come increased strength and sisterhood.