The Portal of Knowledge for Women in Entrepreneurship (PCFE), which is run by the Diversity Institute at Ryerson University, recently released its report. The state of women’s entrepreneurship in Canada 2021 Focus on the realities of black and Indigenous women entrepreneurs, as well as intersectionality in the context of the pandemic.
“Our findings highlight the profiles and challenges of women entrepreneurs from diversity,” according to the Director of Marketing and Communications at the Diversity Institute, Sabine Somare.
“But also about the opportunity to advance women’s entrepreneurship as an essential contribution to our sustainable economy.”
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The institute’s report highlights several revealing statistics:
- Female entrepreneurs are younger and better educated than male entrepreneurs.
- 37% of women entrepreneurs are self-employed.
- Only 15% of women entrepreneurs own a registered company.
- 92% of companies run by women have fewer than 20 employees.
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“Due to their sector of activity and lack of financial resources, female entrepreneurs are more vulnerable than male entrepreneurs… who have easy access to capital,” says Sabine Somare.
Sophie Laurent is a contributor to Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting that helps readers stay informed about current events and issues that matter to their communities. Sophie is committed to presenting accurate information, practical insights, and relevant stories in a straightforward and reader-friendly manner, making complex topics accessible to a broad audience.