While female entrepreneurs’ education level has increased, the innovation of female-owned businesses, measured by whether other businesses offer the same product, has decreased. There is less female involvement in the technology industry this year as well.
The Global Entrepreneurship and Development Institute (GEDI) recently released the 2015 Female Entrepreneurship Index (FEI), which looks at a nation’s favourable conditions for women entrepreneurs worldwide. The FEI analyses 15 factors divided into three categories — Entrepreneurial Environment, Entrepreneurial Eco-System and Entrepreneurial Aspirations — that enhance the prospects for female entrepreneurs in 77 countries, a significant increase from last year’s group of 30.
Is there a difference in the factors that encourage female entrepreneurship as compared to male entrepreneurship?
Research indicates that cultural and societal factors play a greater role in encouraging or dissuading business ownership for women than for men.
Unleashing the power of women entrepreneurs can have a dramatic effect on a country’s economy.
Learn more: The best countries for female entrepreneurs
Screenshot courtesy: The GEDI.org