SOURCE: https://wekh.ca/wp-content/uploads/2024/04/WEKH_Etat-des-lieux-de-l-entrepreneuriat-feminin-au-Canada-2024.pdf
The Knowledge Portal for Women in Entrepreneurship (KPWE) is delighted to publish the State of Women's Entrepreneurship in Canada 2024.
Our must-read annual report provides a valuable analysis of the current landscape of women's entrepreneurship in Canada, based on the latest research and data. This study illustrates the impact of Canada's Strategy for Women in Entrepreneurship (SWE), which is investing $7 billion to increase access to financing, networks and expertise for women business owners to start up, expand and conquer new markets.
Here are some of the main findings of this État des lieux 2024 :
- The proportion of women among aboriginal business owners is 23.2 100% of Aboriginal business owners are women, a higher percentage than among non-Aboriginal business owners (19.5%).
- Women owned around a quarter (26.1%) of small and medium-sized enterprises (SMEs) majority-owned by a person with a disability.
- Many immigrant women are multilingual, possessing valuable cultural knowledge and a keen understanding of foreign markets. They are more likely to export than Canadian-born women (16.9% vs. 9.0%).
- Female entrepreneurs are more likely to adopt sustainable development initiatives than their male counterparts. Over a third (33%) of women-owned businesses are working to reduce waste.
- Women-dominated companies are actively addressing skills gaps in their workforce; 15.6% of all companies do not plan to do so. 100% of all companies have no plans to do so, compared with only 11.7% for companies with a female majority owner. 100% for companies with a female majority owner.
Canada is seen as a strong supporter of entrepreneurship as a whole, with a robust infrastructure and good access to resources and support. Nevertheless, taxation issues, regulations, prejudice and stereotypes remain among the difficulties faced by women entrepreneurs in Canada.
- Female entrepreneurs in Canada continue to earn less than their male counterparts. In 2022, approximately 37.1% of female entrepreneurs, including SME majority owners and self-employed women, earned less than $50,000 per year. 100% of female entrepreneurs, including majority owners of SMEs and self-employed women, earned less than $50,000 a year, compared with 31.7% of their male counterparts. 100% of their male counterparts. Conversely, 10.9 100% of female entrepreneurs earned more than $150,000 a year, versus 14.8% of their male counterparts. 100% of men.
- Access to finance remains a major concern for female entrepreneurs, especially those with multiple identities who face even greater obstacles in this area.
- Women founders get only 4% of venture capital funding in Canada. 100% of venture capital funds in Canada.
Check out the latest findings to better understand the progress, barriers and enablers of women's entrepreneurship in Canada.
Reference to quote
Knowledge portal for women in entrepreneurship. (2024). State of the art of women's entrepreneurship in Canada 2024.https://wekh.ca/wp-content/uploads/2024/04/WEKH_Etat-des-lieux-de-l-entrepreneuriat-feminin-au-Canada-2024.pdf
