Today, Women Business Enterprises Canada Council (WBE Canada) announced the launch of ‘Tools For Growth’ – The Resource Library for Women Owners Ready To Scale Up Their Business – a promising new initiative designed to support the growth and success of Canadian women-owned businesses.
In Canada, 15.6% of all Small and Medium-Sized Enterprises (SMEs) are owned by women (2017)¹. Though some of these businesses have made considerable progress over time in numerous areas such as access to financial resources, export activity, innovation and adoption of digital technology, only 18.5% of women-owned businesses actually grew their sales and revenue to become a medium to high-growth SME². What causes these businesses to not be able to grow to that next level? Some commonly found issues were lack of resources, limited knowledge on RFPs, lack of community-support and mentors, not being ready for doing business with large corporations and not having access to networking opportunities with procurement leaders.
To read more, visit WBE Canada
Enterprising Women is a partner in the new Million Women Mentors (MWM) initiative.
The initiative supports the engagement of one million science, technology, engineering, and math (STEM) mentors — women and men — to increase the interest and confidence of young women to pursue and succeed in STEM degrees and careers.