Best Countries for Women Entrepreneurs

“How To Survive As A Woman”

Found this article published in docstoc by Mircea Vlaicu.  Monday Sept 22,2014 Congratulations well done!

Entrepreneurial Environment: This section examined factors that influence the entrepreneurial spirit, like perception of opportunity, startup skills and willingness to start a business.

Entrepreneurial Ecosystem: This section examined variables that influence access to institutions and resources, such as gender gaps, the technology sector and competition.

Entrepreneurial Aspirations: This section examined factors related to resource availability and market characteristics. This included external financing, product and process innovation, and internationalization.

The report focused on promising and potential entrepreneurs, which were both labeled as “high-potential” entrepreneurs. This category is composed of women who have the highest likelihood of being affected by positive changes in public and national policy.

This group of female entrepreneurs falls on the fence between reluctant entrepreneurs, who are forced into entrepreneurship by circumstances, and die-hard entrepreneurs, who are exposed to entrepreneurship from a young age.
Interesting Findings

The United States was ranked first, with a score of 83 out of 100, followed by Australia (80) and Sweden (73). These three countries created overall favorable conditions for women, providing both equal rights as well as business access to leadership roles.

Interestingly, the United States performed low on the prevalence of high-potential women entrepreneurs in the tech sector. The male-dominated tech startup culture has discouraged female entrepreneurs who do not fall under the die-hard entrepreneur category from entering the field.

The top three countries also scored low on opportunity perception and exposure to entrepreneurs.

The middle 14 countries scored between 49 and 30, and included Spain, China, Turkey, Brazil and Malaysia. These countries typically had a good business environment but lacked female leadership, which is necessary to foster high-potential women entrepreneurs.

Other countries that ranked at the bottom, such as Ghana (24-25) and Pakistan (30) scored high on factors such as willingness to start.

Pakistan also showed relatively high scores for Product Innovation and Process Innovation, meaning that female entrepreneurs are bringing new products to the market and are using new technologies.

Unfortunately for the women in lower ranked countries, the institutions necessary to promote equality and entrepreneurship, such as equal legal rights and access to education, are lacking. In 21 of the 30 countries, for example, women do not have the same access to employment as men do.

It is also important to note that, although 30 countries might seem like a low number, they represent 66% of the world’s female population and 75% of the world’s GDP.
For more information and to read the complete rankings from the Gender GEDI 2014 report.

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