America Is The #1 Place For Female Entrepreneurs

A new report shows that the United States offers more women the education, access to technology and a good business environment to succeed in today’s economy than any other country. Yet there is still a long way to go before the number of women entrepreneurs catches up to the numbers of their male counterparts. One thing holding women back is the government’s unwillingness to leave a seniority based hiring system.

From The Guardian:

The US is the best place to be a female entrepreneur, closely followed by Canada, Australia, Sweden and the UK, according to new research.

The report, compiled by ACG Inc and sponsored by Dell (pdf), looks at a series of factors in order to determine which countries provide the best environment for women running their own businesses. As well as analysing the overall business environment within the country, the report looks at several gender-focused factors. These include the level of access to education, banking, training and the internet, as well as the number of women starting businesses or in leadership positions within other organizations.

Although the US comes top overall, the report highlights the lack of funding available to US women: in 2014 just 3% of female-owned businesses received venture capital. It also points out that in Silicon Valley, the country’s most famous entrepreneurial hub, just one in ten tech startups are led by women…

The research suggests that one thing that could hold female entrepreneurs back is that lucrative government contracts are given to trusted suppliers, rather than new blood. This can lead to a lack of diversity amongst suppliers.

The report also encourages the media to profile more female entrepreneurs and for the women themselves to use their own experiences and networks to raise awareness of the problems female business owners can face.

Read More at The Guardian.