Women's Business Loans From The Government – After two years of disruption caused by the coronavirus outbreak, it’s encouraging to see an increase in the proportions of women holding mid-level executive positions around the world in 2022.
While progress is gradual, the positive momentum will be celebrated as a stabilization or even a step back is expected in this volatile environment following the pandemic.
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We are pleased to share a summary of global and regional data from our research on the position of women in senior management worldwide and progress towards gender equality in leadership.
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Our research began in 2004 and the proportion of women in leadership roles worldwide was only 19%.
Between 2013 and 2018, this figure fell in the range of one-quarter of the leadership roles held by women, leveling off at 29% in 2019 and 2020.
Last year, we reported another reason for optimism when the figure crossed the 30% global tipping point.
Globally, numbers remained above the 30% tipping point needed to accelerate significant change for the second year in a row. The proportion of women in senior management has increased from 31% to 32% in 2022 and has never fallen below the first recorded level.
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We can now see a clear path towards greater gender diversity and lasting transformational change in senior management.
Africa continues to represent a success story for female leaders reaching 40% of overall senior roles, well above the world average.
APAC has experienced lagged growth overall compared to the rest of the world, especially as its developed countries lag behind global progress.
By 2022, the region has closed the gap, approaching the position of other regions, reaching the tipping point, where 30% of senior roles are held by women. This rate was 28% in 2021 and 23% in 2018.
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This was a slight decrease from last year’s 38% and less impressive than the 39% score in 2018.
This stabilization was reflected in all other regions that remained stable, as in the case of North America, where the numbers are still 33%, or slightly decreased, such as in the European Union and Latin America.
As the world’s economies experience a state of flux and traditional business models are being challenged in favor of more fluid structures, different skills are increasingly needed. So, are you implementing proactive policies to help access diverse skills, bring more women into senior roles, and tackle talent shortages?
Organizations are creating a more inclusive and sustainable work environment by opening up new ways to access female talent and retain senior women. Download our 2022 Women in business report for more action midsize businesses are taking to drive employee engagement and engagement. Women-led startups receive far less funding than men. Female investors hope to change that | News Uploaded
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Female entrepreneurs, particularly women of color, receive less funding than their male counterparts. Some Canadian female tech executives are trying to bridge this funding gap, with a mission to invest in startups led by BIPOC women in particular.
Bunny Ghatrora (left) and Taran Ghatrora founded their Blume company, which includes clean skincare and menstrual products, in 2018, but found that the path to starting a business was fraught with obstacles for young women of color like them. (Martin Diotte/ )
When brothers Bunny and Taran Ghatrora founded their company Blume in 2018, their parents were born in BC. They were using homemade labels and packing boxes from their basement in Surrey. Four years later they sell their products at major retailers like Sephora.
But as young women of color, they found that the road to starting a business was fraught with roadblocks. “Growing up, we never saw people like us run companies,” said Bunny Ghatrora.
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When the time came to present business ideas such as clean skin care and menstrual products targeting Gen Z, it proved difficult to find an investor audience.
“Often, these personal care companies were run by men who had no affiliation with the product the way we do,” Ghatrora said.
Today we’re sharing some big news:@meetblume nationwide at @Sephora Canadian locations with all products on The Next Big Thing wall !! ?? pic.twitter.com/am9If19ph4—@bunnyghatrora
While Blume eventually finds plenty of investors, the Ghatrora sisters are not alone in facing gender barriers when starting a business – and some women with tools of change are taking this into account and taking action.
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A group of 10 women who held senior positions at Canadian e-commerce company Shopify formed a collective called Backbone Angels in 2021.
The collective of angel investors – those who use their own money to finance startups in the early stages of the business – has decided to finance businesses started by women and non-binary founders, with a focus on companies led by Black, Indigenous, and other individuals. people of color (BIPOC).
Co-founder Arati Sharma says the group came together when he saw that his male colleagues were investing in angels at much higher rates than they did.
“We felt that the biggest impact we could make was to invest in women entrepreneurs really early,” Sharma said. said.
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Arati Sharma is a co-founder of Backbone Angels, a 10-female investment community that held senior roles at Shopify and now funds businesses started by women and non-binary founders and focused on BIPOC-led companies. (Nisha Patel/)
Many women who want to start businesses told Sharma that they don’t have enough money to save, but Sharma wants collectives like hers to know that there is an option and that the money is there.
Not only do they deposit money, the collective says, but they can also offer business or financial advice and moral support.
According to a Deloitte study examining diversity and inclusion in the venture capital industry, only 14 percent of investment professionals in the U.S. venture capital are women. According to Crunchbase, which tracks data on the tech industry, billions of dollars in global venture capital funds were deployed in 2020, with female founders taking only 2.3 percent of the pot.
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According to Kim de Laat, a postdoctoral research fellow in the Department of Sociology at Brock University, a major reason for the funding gap is the various biases women face when they enter field meetings with venture capitalists.
As part of her work on how women entrepreneurs are financed, Laat spoke to several women who shared their experiences; one of them said that a venture capitalist told him “it looked like they were going to get married and a couple soon”. ‘ and a mother was not interested in investing in an entrepreneur.
“So there are some very terrible, overt forms of discrimination that continue to happen to women in these areas,” De Laat said. said.
According to a study published by the Harvard Business Review, venture capitalists also ask very different questions that implicitly bias male and female entrepreneurs.
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The study found that during TechCrunch Disrupt New York, an annual startup finance competition, venture capitalists asked entrepreneurs different questions based on their gender. For example, when it comes to questions about a potential customer base, the study noted that men were asked how to get customers, while women were asked how to retain them.
De Laat says that such questions are not “necessarily blatant discrimination, but something that prevents [women entrepreneurs] from getting the same level of attention and attention that other people do.”
Another was called Koble, an evidence-based healthcare practice for pregnant women and new parents. Koble CEO Swati Matta faced some difficulties when he went to present to investors.
“[It] was really hard to explain and get support from mostly male investors… and as a first-time founder, you’re at high risk for [venture capitalists]. when funding starts to get harder.”
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Swati Matta, CEO of Koble, an evidence-based healthcare app for pregnant women and new parents, says that as a first-time founder, she faced some challenges when presenting her idea to mostly male investors. (Pelin Sidki/ )
Other female-focused investor collectives and funds like The51 and StandupVentures are also making waves in Canada’s venture capital scene, so there are increasing opportunities for women to access finance.
“We want more women entrepreneurs, we want more women in tech, and we want more women in leadership positions.”
“It really creates the next generation of companies that we all talk about on a daily basis and that will become those famous names.”
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Nisha Patel is a senior business reporter at News. She has been covering business and economics for over a decade and has lived and worked in New York City, Edmonton, and Calgary. She lives in Toronto with her husband and two children, she. Find him on Twitter @nishapatel. The Canadian government builds most of its funding programs for established businesses and often needs more than 15 employees, has been involved for over two years, leaving many innovative startups to seek financing in other ways. Mentor Works has put together a list of the best resources to help.
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