That round table was an essential one because of that conversation and because of the regard and respect in that room. I've heard from a couple of them since with regard to the women entrepreneurship strategy, because they heard their feedback reflected right in the strategy that we are advancing. We're talking about close to $2 billion for the women entrepreneurship strategy, because we want to see the number of women-owned businesses double by 2025. The 16% just isn't good enough. We want to do that in the right way.
The women entrepreneurship strategy is making strategic investments, including in regional development agencies, so $105 million will be committed to women entrepreneurs to ensure that in regions across the country they are benefiting.
The Business Development Bank of Canada has been given a goal to really be able to invest $1.4 billion over three years in new financing to women-owned, majority-owned businesses. Once we pushed the Business Development Bank of Canada to do that in our early days, it was able to surpass its goal of $700 million in just under two years, which made it actually end up putting, I think, $826 million into businesses owned by women.
We've also increased the women in technology fund, which benefits every single community across the country, because technology is everywhere. That's why I will say it is good when members ask about the definition or about what we see. Technology is a source for good. We need to embrace it. The $200 million over five years will see women in business, in tech businesses across the country, encouraging the next generation to see themselves in those businesses that want to help grow their communities and create jobs in their communities.
That conversation is why we travel the country and why we consult. We need to hear the nuances of every single community. It comes back to the RDAs needing to work better together, because their region is a part of the country. We need the entire country to succeed, and that means the approach of this government is to ensure that the person who needs the hand up gets the hand up. If it is rural and remote communities that we need to make sure we are representing better, we are going to ensure that we reach out and engage with those communities so that their voices are being heard in Ottawa and so that the programs and services reflect them.