[COMING SOON] Study on Women Entrepreneurs’ Support Ecosystem in Canada and Potential Applications to Indonesia
The discussion on the importance of supporting women’s entrepreneurship has been on the rise over the past few years. Women entrepreneurs play a vital role in driving positive economic outcomes; from reducing unemployment rate to increasing GDP. Recent studies also revealed that successful women entrepreneurs tend to hire more female employees (hence, catalyzing the growth of female employment), inspire fellow women (thus, increase number of women entrepreneurs), and reinvest their income in their families and communities (by means, as we invest in women, we mutually invest in our collective future)1.
Earlier this year, Mastercard through their Mastercard Index of Women Entrepreneurs (MIWE) study 54 countries based on 12 indicators and 25 sub-indicators. Indonesia ranks 37th and was scored 58.1 out of 100 for its existing supporting entrepreneurial conditions2. Meanwhile, high income countries dominated the top 10 position; including Singapore (83.3), New Zealand 82.6), Hong Kong (82.2), Denmark (82.1), Sweden (81.9), Switzerland (81.7), Canada (81.2), Ireland (79.5), Australia (79.4), and the UK (78.5). With women only make up less than a quarter of total businesses in Indonesia, an absence of supporting entrepreneurial conditions implies a significant barrier for existing women entrepreneurs to grow and creates a challenge for Indonesia to elevate women ratio in entrepreneurial landscape.
With women only make up less than a quarter of total businesses in Indonesia, an absence of supporting entrepreneurial conditions implies a significant barrier for existing women entrepreneurs to grow and creates a challenge for Indonesia to elevate women ratio in entrepreneurial landscape.
Supported by Canada-Indonesia Trade and Private Sector Assistance Projects (TPSA), ANGIN is honored to have the opportunity to conduct a study on the landscape of women’s entrepreneurship in Canada. As known, Canada has been on the forefront in matters pertaining women’s entrepreneurship. Canada ranks 2nd out of 31 countries when it comes to supporting high-impact women entrepreneurship. The country has shown multiple progressive actions to unlock female entrepreneurship; from placing business development center like Women’s Enterprise Center (WEC) that provides monetary and non-monetary supports across the country to setting up advocacy groups such as the Task Force for Women’s Business Growth to provide useful follow up to past initiatives.
This study serves a purpose to examine what interventions Canadian public and private sector and the academic institutions have done to promote and support women entrepreneurship. Ultimately, this study is expected to be a guidance for the Indonesian government and business associations to identify transferable best practices for Indonesia.
For more information about this study, kindly contact firstname.lastname@example.org.
1 https://www.economist.com/news/21589133-investing-businesswomen-will-boost-economy-everyone-says-tory-burch-chief-executive-and ; https://www.forbes.com/sites/babson/2013/02/16/how-women-entrepreneurs-are-transforming-economies-and-communities/#df0215f388c4 ; https://news.impactalpha.com/investing-in-women-closing-the-gender-credit-gap-in-southeast-asia-800997d8f9c6
2 Measurement Parameters: (1) Ease of Doing Business, (ii) Cultural Perceptions of Women Entrepreneurs, (iii) Quality of Governance, and (iv) Entrepreneurial Supporting Factors). Source: https://newsroom.mastercard.com/documents/mastercard-index-of-women-entrepreneurs-2017/