The State of Women’s Entrepreneurship in Canada 2024 Contents 1 Women Entrepreneurship Strategy 2 Canada: The International Context 3 State of Women’s Entrepreneurship in Canada 4 Opportunities and Challenges 5 The Way Forward Women Entrepreneurship Strategy Studies show advancing gender SMES are the equality and women's WES aims to engine of participation in the economy increase women- Canada’s c. [...] Agriculture and food processing 10.9% 8 Women Entrepreneurship Strategy: Impact Networking Innovations Sustainability 65.9% of attendees introduced • 52.2% formed new innovations into their business, • 17.8% set new support networks including: sustainable • 43.2% gained new • Innovations in business development goals advisors processes (39.5%) • 28.9% made progress • 41.3% networked • Products and. [...] 10 Barriers for Women Entrepreneurs • Gendered stereotypes and assumptions about innovation, entrepreneurship, technology • Systemic bias embedded in policies, programs and services • Structural differences (size, sector, form) • Access to financing and markets • Wayfinding: fragmentation among services • Challenges accessing networks • Gendered programs and supports • Competencies 11 Assumptions. [...] 17 Women Entrepreneurs Drive Economic Development, Innovation and Sustainability • Between 2017 and 2020, there has been an increase in SMEs majority-owned by women and gaps in innovation, exporting and growth are narrowing. [...] • Women entrepreneurs are more likely to adopt sustainability initiatives than men entrepreneurs • Need to reconsider assumptions about economic impact and “multiplier” effects 33% of women-owned businesses work to reduce waste 18 Opportunities and Challenges 47.5% of women- 80.2% of women In 2023, 53.8% of owned businesses entrepreneurs mainly women-owned had all their serve local businesses rece.
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