Women entrepreneurs are essential for the Canadian economy, a fact recognized by the government’s Women Entrepreneurship Strategy. This strategy was launched in 2018 and has seen nearly $7 billion be put toward supporting women-owned businesses in Canada.
Although women in Canada engage in entrepreneurship more than in other comparable countries, there is still a significant gender gap. Only 15 per cent of women are engaged in startups and seven per cent are owner-managers of established businesses, compared to 24 per cent and nine per cent of men, respectively.
If women participated in entrepreneurship as much as men, global GDP would rise by an estimated three to six per cent,
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