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This poses a huge challenge for women entrepreneurs seeking financing from other women, since the number of women venture capitalists has decreased from 10% in 1999 to 6% in 2014, which is why the Diana Project argues that for increasing women-led ventures' access to capital there should be more women VCs. [23]
Unemployment rates for women have risen less than for men in recent recessions. More women than men work part-time, and women and men have roughly equal access to flexible work schedules. Education pays for both women and men, but the pay gap persists. Women and men continue to work in different occupations.
[1] [2] Coined by Barbara Orser and Catherine Elliott, entrepreneurship is viewed as a mechanism to create economic self-sufficiency and equity-based outcomes for girls and women. [ 3 ] [ 4 ] Entrepreneurial feminists enter commercial markets to create wealth and social change, based on the ethics of cooperation, equality, and mutual respect.
The Women's University of Science and Technology, which is the first all-women's university in Kenya, allows women to access higher education and entrepreneurial training. [32] These programs have empowered women to create small to medium-size enterprises, such as tailoring and bead-making.
The Promoting Women in Entrepreneurship Act (Pub. L. 115–6 (text), H.R. 255) is a public law amendment to the Science and Engineering Equal Opportunities Act (Pub. L. 96–516) to authorize the National Science Foundation to encourage its entrepreneurial programs to recruit and support women to extend their focus beyond the laboratory and into the commercial world.
National initiatives to support the growth of women's business ownership include Prowess in the UK. [11] In India, supporting groups include WeConnect, [12] WEI, [13] and some specific bank-sponsored loan schemes. [14] In Europe, the Entrepreneurship 2020 Action Plan is aimed at supporting women business owners, among other initiatives. [15]
Women's Entrepreneurship Day event convenes at the United Nations in New York City including a conference, speakers, and the inaugural Women's Entrepreneurship Day Pioneer Awards. [8] An Education Philanthropy Pioneer Award was given to Barack Obama’s grandmother Sarah Obama, for her work in bringing gender equality to education in that ...