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High Growth Women Entrepreneurs Poised to Transform Economies
| Guest post by: Joyce Gioia |
Article Overview: From Columbia to Ghana to Singapore, we have seen women entrepreneurs establishing their footholds. Once they have equal access to funding, expect significant (and welcome) job creation.
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High Growth Women Entrepreneurs Poised to Transform Economies
One of the most exciting global developments is the emergence of a new age of
high-growth women entrepreneurs. This trend has the potential to transform
economies around the world, creating literally millions of jobs.
Though this statement may sound grandiose, according to Sharon Vosmek, it is
not. Vosmek is CEO of Astia, “the premier venture accelerator for women-led
high growth companies”. She passionately believes that women entrepreneurs will
create the next high-growth firms. . . and their growth can positively transform
global economies.
The data cited by Vosmek are compelling. The data show that if women CEOs
had the same access to capital as male CEOs, the economy would add six million
jobs in five years, two million in the first year alone. These data support her
campaign to take women-led, high-growth entrepreneurship to next level---globally.
Women make up over half the planet and over 50 percent of all new MBA
graduates and more than half (non-STEM) postgraduates as well. Women represent almost
50 percent of all PhDs and 48 percent of all entrepreneurs globally. Yet they
represent fewer than 20 percent of high-growth CEOs and attract only 10 percent
of venture capital dollars.
Vosmek’s mission is to promote women’s “full participation as entrepreneurs
and leaders in high-growth businesses, fueling innovation and driving economic
growth”. Astia is focused on innovative firms, including high tech, clean tech,
life sciences, and consumer services.
The organization offers an inclusive network, where women and men work
together to give women entrepreneurs access to a global community of experts,
supporting them with “equity and influence.” Since enterprises
fewer than five years old created most of the net new jobs in the last 30
years, the opportunity is tremendous. Moreover, high-growth start-ups have been
responsible for most of the world’s job growth.
Our forecast is that of the over 60 percent of women college graduates
and those seeking postgraduate degrees, a number will be among the ranks of
Vosmek’s high-growth entrepreneurs. From Columbia to Ghana to Singapore, we
have seen women entrepreneurs establishing their footholds. Once they have
equal access to funding, expect significant (and welcome) job creation.
1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
8.0 Promotion of women’s entrepreneurship: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
1.0 Recent Economic Trends and Prospects for 2007: Economic Report on Africa 2007
4.2 The profile of growth-oriented women: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
10.3 Training for existing enterprises: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
6.0 The integrated framework for development of women entrepreneurs: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
4.0 The state of women’s enterprises in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
1.3 Methodology: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
1.1 Background and Introduction: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Franchise Businesses Appeal to Women Entrepreneurs
9.2 Barriers to financing women entrepreneurs: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
10.0 Training – business management and technical skills: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Women Business Owners Continue to Thrive
11.1 Recommended actions – business support and information: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Women Entrepreneurs Are Changing The World
7.0 Policy/programme coordination and leadership: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
4.2.1 The challenges and barriers of growth: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
1.0 Overview: Gender Entrepreneurship and Competitiveness in Africa, 2007
2.0 Gender in African economies: Gender Entrepreneurship and Competitiveness in Africa, 2007
4.1 The situation of women in MSMEs: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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About the Author: Joyce Gioia RSS for Joyce's articles - Visit Joyce's website Click here to visit Joyce's website   Global Employee Engagement Declining WorkforceWorkplace Forecast Virtual Schoolthe shape of education to come Increasing Numbers of Women Graduates Glimmers of Hope |
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