· The Dell Women Entrepreneur Cities Index (WE Cities) is the only global gender-specific index that looks at a city’s ability to attract and foster growth of women-owned firms
· Singapore is one of the top five cities for high-potential women entrepreneurs
· Data and analysis says that when impediments to female entrepreneurship are removed, there is a dramatic uplift in a city’s economic prospects
· Dell’s index provides a diagnostic tool to advise leaders and policy-makers on how to improve conditions to enable businesses founded by women to thrive
· Dell has partnered with 1776 to launch Union, an international startup platform
Dell has revealed the top 25 global cities fostering high potential women entrepreneurs (HPWE) for 2016. The Women Entrepreneur Cities Index (WE Cities) is the only global gender-specific index that looks at a city’s ability to attract and foster growth in firms founded by women entrepreneurs. Cities, instead of countries, were identified in order to show the impact of local policies and programmes in addition to national laws and customs.
Findings from WE Cities will be used as a springboard for conversation and change at the seventh annual Dell Women’s Entrepreneur Network Summit (DWEN) —a global gathering of 200 of the top female entrepreneurs, business leaders, media and Dell partners that is set to take place in South Africa, June 27 to 28, 2016.
“Innovation and job creation by women entrepreneurs is critical for a thriving global economy, yet our research shows some cities and countries are doing far more than others to encourage and support this important subset of the startup community,” said Karen Quintos, SVP and CMO at Dell. “Our index provides insights to move the conversation with policymakers and city leaders from awareness to action and, in turn, to empower women entrepreneurs to have the greatest economic impact on the world.”
Ranked 5th on the index, Singapore performs in the top third of the 25 cities ranked for talent, culture and technology. Sydney is also in the top 10.
“Singapore has established a robust ecosystem to support women entrepreneurs with a strong focus on cultivating home-grown entrepreneurship and promoting digitization across all verticals. As the only Asian city in the top 10 of the WE Cities Index and having emerged as the third most Future Ready Economy in a study conducted earlier this year, Singapore is well positioned on a global landscape for women-owned businesses to thrive and is an exceptional example to Asia of the great contribution women bring to the economic growth of a nation,” said Margaret Franco, VP, APJ CSES Marketing, Dell.
"Women entrepreneurs are our country's best bet for economic growth,” said Elizabeth Gore, Entrepreneur-in-residence for Dell. “It's time for women to be politically engaged to ensure the right ecosystems are in place for them to scale. If politicians and entrepreneurs partner, dynamic policies can be put in place to close the circle and enhance the process from idea to enterprise. WE Cities can be used as a diagnostic tool to help ensure lawmakers are listening to their needs.”
Top 25 WE Cities
Overall Ranking
1. NEW YORK
2. BAY AREA
3. LONDON
4. STOCKHOLM
5. SINGAPORE
6. TORONTO
7. WASHINGTON, DC
8. SYDNEY
9. PARIS
10. SEATTLE
11. MUNICH
12. AUSTIN
13. BEIJING
14. HONG KONG
15. TAIPEI
16. SHANGHAI
17. TOKYO
18. MEXICO CITY
19. SAO PAULO
20. SEOUL
21. MILAN
22. DELHI
23. JOHANNESBURG
24. JAKARTA
25. ISTANBUL
Dell partnered with IHS—a source of insight and analytics—to launch the global research that measures a city’s ability to attract and support high-potential women entrepreneurs. The 25 cities in the ranking were chosen from the list of 50 global cities in the Dell Future-Ready Economies (FRE) Model in order to make comparisons between the two indices, with geographic diversity utilised as key criteria in city selection.
Building on the past four years of Dell’s research on HPWE, five important categories of city characteristics were identified: capital, technology, talent, culture and markets. These pillars were organised into two groups – operating environment and enabling environment. The overall rating has 70 indicators, and, of these, 44 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.
Research for WE Cities began during the 2016 DWEN Future Ready Research Symposium chaired by Dr. David Ricketts from the Technology and Entrepreneurship Center at Harvard. The research symposium brought together 40 global thought leaders, women entrepreneurs, academics and media to develop insights for the model. Takeaways from the conversations at the symposium included:
· Access to capital is still the No. 1 challenge that women entrepreneurs face, although the numbers are showing a slight improvement
· Creating robust ecosystems with incubators, accelerators and mentors makes a world of difference for entrepreneurs—it is all about the network
· Cultural norms and their policy implications put serious binds on female entrepreneurs
To help entrepreneurs in cities and economies that may not provide adequate resources for scaling businesses, Dell has partnered with 1776 to launch an international startup platform, Union, aimed at enabling the next billion entrepreneurs by supporting, connecting and removing barriers for entrepreneurs regardless of their location.
Accessible through the Startup Federation—a worldwide network of startup campuses and mega-hubs—or virtually for entrepreneurs in remote areas, Union will provide entrepreneurs anywhere in the world the ability to reach the people, resources and education they need to take their ideas from seed to scale. Designed by 1776’s team of engineers and aided by insights from incubators, accelerators, experts and hubs around the world, the platform enables entrepreneurs to:
· Find content and courses in business-building
· Tap elite mentors in their industries for advice
· Consult experts in skills like marketing, sales, engineering and human resources
· Connect with potential investors, customers and business partners
“Dell’s WE Cities research proves that millions of entrepreneurs are hampered by conditions in their local economies and policies,” said Donna Harris, co-founder and co-CEO of 1776. “Entrepreneurs should be free to live wherever they want and have access to the same incredible resources. Our Union platform brings that idea to reality.”
Interested?
Read the takeaways from the symposium (PDF)
View a detailed summary of the research findings and recommendations (PDF)
Hashtags: #WECities, #DWEN
· Singapore is one of the top five cities for high-potential women entrepreneurs
· Data and analysis says that when impediments to female entrepreneurship are removed, there is a dramatic uplift in a city’s economic prospects
· Dell’s index provides a diagnostic tool to advise leaders and policy-makers on how to improve conditions to enable businesses founded by women to thrive
· Dell has partnered with 1776 to launch Union, an international startup platform
 |
| Source: Dell infographic. The Dell Women Entrepreneur Cities Index breakdown. |
Findings from WE Cities will be used as a springboard for conversation and change at the seventh annual Dell Women’s Entrepreneur Network Summit (DWEN) —a global gathering of 200 of the top female entrepreneurs, business leaders, media and Dell partners that is set to take place in South Africa, June 27 to 28, 2016.
“Innovation and job creation by women entrepreneurs is critical for a thriving global economy, yet our research shows some cities and countries are doing far more than others to encourage and support this important subset of the startup community,” said Karen Quintos, SVP and CMO at Dell. “Our index provides insights to move the conversation with policymakers and city leaders from awareness to action and, in turn, to empower women entrepreneurs to have the greatest economic impact on the world.”
Ranked 5th on the index, Singapore performs in the top third of the 25 cities ranked for talent, culture and technology. Sydney is also in the top 10.
“Singapore has established a robust ecosystem to support women entrepreneurs with a strong focus on cultivating home-grown entrepreneurship and promoting digitization across all verticals. As the only Asian city in the top 10 of the WE Cities Index and having emerged as the third most Future Ready Economy in a study conducted earlier this year, Singapore is well positioned on a global landscape for women-owned businesses to thrive and is an exceptional example to Asia of the great contribution women bring to the economic growth of a nation,” said Margaret Franco, VP, APJ CSES Marketing, Dell.
"Women entrepreneurs are our country's best bet for economic growth,” said Elizabeth Gore, Entrepreneur-in-residence for Dell. “It's time for women to be politically engaged to ensure the right ecosystems are in place for them to scale. If politicians and entrepreneurs partner, dynamic policies can be put in place to close the circle and enhance the process from idea to enterprise. WE Cities can be used as a diagnostic tool to help ensure lawmakers are listening to their needs.”
Top 25 WE Cities
Overall Ranking
1. NEW YORK
2. BAY AREA
3. LONDON
4. STOCKHOLM
5. SINGAPORE
6. TORONTO
7. WASHINGTON, DC
8. SYDNEY
9. PARIS
10. SEATTLE
11. MUNICH
12. AUSTIN
13. BEIJING
14. HONG KONG
15. TAIPEI
16. SHANGHAI
17. TOKYO
18. MEXICO CITY
19. SAO PAULO
20. SEOUL
21. MILAN
22. DELHI
23. JOHANNESBURG
24. JAKARTA
25. ISTANBUL
Dell partnered with IHS—a source of insight and analytics—to launch the global research that measures a city’s ability to attract and support high-potential women entrepreneurs. The 25 cities in the ranking were chosen from the list of 50 global cities in the Dell Future-Ready Economies (FRE) Model in order to make comparisons between the two indices, with geographic diversity utilised as key criteria in city selection.
Building on the past four years of Dell’s research on HPWE, five important categories of city characteristics were identified: capital, technology, talent, culture and markets. These pillars were organised into two groups – operating environment and enabling environment. The overall rating has 70 indicators, and, of these, 44 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.
Research for WE Cities began during the 2016 DWEN Future Ready Research Symposium chaired by Dr. David Ricketts from the Technology and Entrepreneurship Center at Harvard. The research symposium brought together 40 global thought leaders, women entrepreneurs, academics and media to develop insights for the model. Takeaways from the conversations at the symposium included:
· Access to capital is still the No. 1 challenge that women entrepreneurs face, although the numbers are showing a slight improvement
· Creating robust ecosystems with incubators, accelerators and mentors makes a world of difference for entrepreneurs—it is all about the network
· Cultural norms and their policy implications put serious binds on female entrepreneurs
To help entrepreneurs in cities and economies that may not provide adequate resources for scaling businesses, Dell has partnered with 1776 to launch an international startup platform, Union, aimed at enabling the next billion entrepreneurs by supporting, connecting and removing barriers for entrepreneurs regardless of their location.
Accessible through the Startup Federation—a worldwide network of startup campuses and mega-hubs—or virtually for entrepreneurs in remote areas, Union will provide entrepreneurs anywhere in the world the ability to reach the people, resources and education they need to take their ideas from seed to scale. Designed by 1776’s team of engineers and aided by insights from incubators, accelerators, experts and hubs around the world, the platform enables entrepreneurs to:
· Find content and courses in business-building
· Tap elite mentors in their industries for advice
· Consult experts in skills like marketing, sales, engineering and human resources
· Connect with potential investors, customers and business partners
“Dell’s WE Cities research proves that millions of entrepreneurs are hampered by conditions in their local economies and policies,” said Donna Harris, co-founder and co-CEO of 1776. “Entrepreneurs should be free to live wherever they want and have access to the same incredible resources. Our Union platform brings that idea to reality.”
Interested?
Read the takeaways from the symposium (PDF)
View a detailed summary of the research findings and recommendations (PDF)
Hashtags: #WECities, #DWEN
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