FIT Sponsorship
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  General, Research

Australia Second Worldwide for Female Entrepreneurship


Wednesday, 15th July 2015 at 11:19 am
Xavier Smerdon, Journalist
Australia ranks second worldwide in its support of female entrepreneurs, edged out by the United States but placed ahead of the UK.

Wednesday, 15th July 2015
at 11:19 am
Xavier Smerdon, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Australia Second Worldwide for Female Entrepreneurship
Wednesday, 15th July 2015 at 11:19 am

Australia ranks second worldwide in its support of female entrepreneurs, edged out by the United States but placed ahead of the UK.

The 2015 Female Entrepreneurship Index (FEI) by the Global Entrepreneurship and Development Institute revealed that globally, female business owners were on average more educated and more growth oriented than the previous year.

The Index found that the percentage of female entrepreneurs who were highly educated had increased 9 per cent, and the percentage of “business gazelles” – those who intend to grow their businesses by 50 per cent and employ 10 people within 5 years – among female entrepreneurs has increased 7 per cent.

However, the Index revealed female business innovativeness had decreased 13 per cent and the percentage of female businesses that are in the tech sector had decreased 19 per cent.

Now in its third year, the Index measures high potential female entrepreneurship by analysing entrepreneurial ecosystems, business environments, and individual aspirations across 77 developed and developing economies spanning multiple regions.  

47 of 77 nations still scored below 50 points – an indication that these countries must pursue significant changes in order to reduce barriers for female entrepreneurs, according to the report.

Malawi, Pakistan and Bangladesh were the lowest ranked countries overall.

Chile, Australia, and the United States were highlighted in the report as countries that stood out for having particularly good conditions for female entrepreneurs relative to their per capita GDP.

The analysis also revealed opportunities for improvement within several geographic regions.

  • Europe can improve Opportunity Recognition – whether women recognise good opportunities to start a business in the area where they live

  • Latin America can improve Export Focus – female entrepreneurs that have at least some customers outside the country

  • Sub-Saharan Africa can improve Access to Finance – women’s access to bank accounts and financial training programs

  • East Asia can improve Skill Perception – whether women believe they have the required knowledge and skills to start a business

”The Female Entrepreneurship Index is an excellent tool to benchmark countries’ entrepreneurial ecosystems for high potential female entrepreneurship,”  FEI Project Director Dr Dr. Siri Terjesen said.  

“We can clearly see that countries with greater levels of economic freedom have greater levels of high-potential female entrepreneurs.”

The Top 10:

Rank

Country

Score

1

United States

82.9

2

Australia

74.8

3

United Kingdom

70.6

4

Denmark

69.7

5

Netherlands

69.3

6

France

68.8

7

Iceland

68.0

8

Sweden

66.7

9

Finland

66.4

10

Norway

66.3

Read the full report here.

 


Xavier Smerdon  |  Journalist |  @XavierSmerdon

Xavier Smerdon is a journalist specialising in the Not for Profit sector. He writes breaking and investigative news articles.

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Yes we’re lawyers, but we do a lot more....

Moores

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Calls for Harsher Penalties for Leaving People with Disability in Hot Cars

Luke Michael

Thursday, 18th January 2018 at 4:14 pm

Passive or Active – The Challenge for 2018

David Crosbie

Thursday, 18th January 2018 at 8:47 am

Good Spender Closes As Sector Looks to Social Procurement

Wendy Williams

Thursday, 18th January 2018 at 8:42 am

Three Ways Australian Not For Profits Can Improve Their Digital Capabilities

Richenda Vermeulen

Thursday, 18th January 2018 at 8:35 am

POPULAR

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

Social Enterprise Announces $500,000 Funding for Social and Affordable Housing

Luke Michael

Monday, 15th January 2018 at 11:26 am

Privatisation Poses New Challenges for NFPs Managing Their Workforce

Luke Michael

Tuesday, 9th January 2018 at 4:36 pm

People With Severe Mental Illness Struggling With NDIS Transition

Luke Michael

Wednesday, 17th January 2018 at 5:58 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


FIT Sponsorship
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!