New Dell Research Ranks 10 Cities Globally on Ability to Foster Women Entrepreneurship

Reveals rankings and provides recommended blueprint action plans for Austin, Boston, Mexico City, Toronto, London, Amsterdam, Sydney, Tokyo, Sao Paulo and Singapore

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Dell

Jul 16, 2018, 11:58 ET

TORONTO, July 16, 2018 /PRNewswire/ --                                                     

News summary

  • Dell advises city leaders, entrepreneurs and policy-makers on how to improve conditions that enable women-owned firms to thrive
  • Developed a deep dive analysis on the barriers and opportunities for women entrepreneurs accessing Capital and leveraging Technology to scale
  • Revealed 10 Women Entrepreneur (WE) City Blueprints designed to spotlight actions a city can take to improve the ecosystem for women entrepreneurs
  • The Dell WE Cities Index is the only global, gender-specific index that looks at a city's ability to attract and retain women entrepreneurs

Full story

At the 9th annual Dell Women Entrepreneur Network Summit (DWEN) kicking off today in Toronto, Dell unveiled new diagnostic tools for local governments and policymakers to help enable women entrepreneurs to succeed.

Built on the findings of the 2017 Women Entrepreneur Cities (WE Cities) Index Dell, with research partner IHS Markit conducted a deep-dive analysis' on the barriers and opportunities for women entrepreneurs accessing capital and leveraging technology to scale. Dell also developed 10 city blueprints designed to spotlight actions a city can take to improve the local ecosystem for women entrepreneurs.

"Women's entrepreneurship rates rose globally by 13 percent in 2017, reflecting broader momentum of increased female representation across the public and private sectors in many regions around the world. However, access to capital and technology, as well as cultural and political barriers, continue to limit the success of women-owned businesses," said Karen Quintos, executive vice president and chief customer officer at Dell. "With the release of the WE City Deep Dives and Blueprints, city leaders and policymakers can confidently move from 'analysis to action,' accelerating positive change that allows women entrepreneurs to thrive – which benefits local communities, wider society and the global economy."

"According to extensive data and analysis, when barriers to women entrepreneurship are removed, there is a dramatic uplift in a city's economic prospects," said Cris Turner, vice president of Government Affairs at Dell. "The WE City Deep Dives and Blueprints offer insights on what cities on the list can learn from one-another and encourage political action to attract and support women entrepreneurs at the local level."

WE City Blueprints 

The WE City Blueprints look at areas of strength and areas of improvement to provide city leaders and policymakers with data-driven research and recommendations on how to foster high-potential women entrepreneurs. Blueprint cities include:

  • Austin
  • Boston
  • Mexico City
  • Toronto
  • London
  • Amsterdam
  • Sydney
  • Tokyo
  • Sao Paulo
  • Singapore

WE City Capital and Technology Deep Dives

Capital and technology are critical for scaling any business, but women face unique challenges with both. In 2017, only 2 percent of venture funding went to female founders. Based on the qualitative analysis of the WE Cities Index and insights from members of the DWEN network, many women entrepreneurs are not leveraging innovative technologies to scale their businesses. The WE City Capital and Technology deep dives uncover:

  • How women entrepreneurs are accessing capital, using technology
  • How different regions are accessing different sources of capital, using technology
  • Industries that women entrepreneurs gravitate towards and how it impacts access to capital and technology
  • How access to capital and use of technology differ across leading cities

WE Cities Ranking and Methodology

Built on the past six years of Dell research on High Potential Women Entrepreneurs (HPWE), cities were ranked on five important characteristics: capital, technology, talent, culture and markets. These pillars were organized into two groups — operating environment and enabling environment. The overall rating is based on 72 indicators; 45 of these (nearly two-thirds) have a gender-based component. Individual indicators were weighted based on four criteria: relevance, quality of underlying data, uniqueness in the index and gender component.

The 50 cities were ranked as follows:

  1. New York City
  2. Bay Area
  3. London
  4. Boston
  5. Stockholm
  6. Los Angeles
  7. Washington, D.C.
  8. Singapore
  9. Toronto
  10. Seattle
  11. Sydney
  12. Paris
  13. Chicago
  14. Minneapolis
  15. Austin
  16. Hong Kong
  17. Melbourne
  18. Atlanta
  19. Amsterdam
  20. Portland (OR)
  21. Berlin
  22. Taipei
  23. Pittsburgh
  24. Tel Aviv
  25. Copenhagen
  26. Vancouver
  27. Houston
  28. Johannesburg
  29. Barcelona
  30. Seoul
  31. Munich
  32. Miami/Ft. Lauderdale
  33. Nairobi
  34. Dublin
  35. Warsaw
  36. Belfast
  37. Milan
  38. Beijing
  39. Tokyo
  40. Bangalore
  41. Kuala Lumpur
  42. Sao Paulo
  43. Dubai
  44. Shanghai
  45. Mexico City
  46. Lima
  47. Guadalajara
  48. Istanbul
  49. Delhi
  50. Jakarta

About the Dell Women's Entrepreneur Network and Annual Summit

As the visionary outcome of a true entrepreneur, Dell is committed to help power the success of entrepreneurs by developing technology solutions that enable human potential. Through the Dell Women's Entrepreneur Network, Dell supports and nurtures a community of female entrepreneurs by providing access to technology, networks and capital.

Dell is excited to host the 9th annual Dell Women's Entrepreneur Network (DWEN) Summit in Toronto from July 15-17, 2018. More than 150 female founders, CEOs, dignitaries, Dell Leaders and more will convene to connect and discuss today's pressing topics. Through inspiring keynotes, informative panels and innovative workshops, the 2018 DWEN Summit will be the go-to resource for support and solutions that facilitate entrepreneurship. It is Dell's mission to bring vital knowledge and tailored technology for women-led companies small and large.

About Dell Inc.

Dell Inc., a part of Dell Technologies, provides customers of all sizes – including 99 percent of the Fortune 500 – with a broad, innovative portfolio from edge to core to cloud. Dell Inc. comprises Dell client as well as Dell EMC infrastructure offerings that enable organizations to modernize, automate and transform their data center while providing today's workforce and consumers what they need to securely connect, produce, and collaborate from anywhere at any time.

Copyright © 2018 Dell Inc. or its subsidiaries. All Rights Reserved. Dell and the Dell logo are trademarks of Dell Inc in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies. 

SOURCE Dell

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