Good afternoon everyone. I'd like to thank the committee for inviting me to appear to discuss the prosperity of Canadian women. My comments today relate mostly to encouraging entrepreneurship amongst women and supporting women entrepreneurs.
I'd like to make a brief statement and then I look forward to any questions that you might have for me.
I am the co-founder and CEO of Startup Canada, a volunteer-run grassroots network of more than 80,000 entrepreneurs across Canada. We have 400 partners and 20 local Startup community hubs across the nation. Last Friday we celebrated our second anniversary as a start-up ourselves. Our network is made up of 40% women, and 15% of the organizations with which we partner provide focused services for women.
I am a serial entrepreneur and I am a woman. While in university, I founded a student club for women entrepreneurs, Oxford Women in Business, and today I support a number of women-focused organizations that support and enable entrepreneurship amongst women including Robogals in Australia, which teaches girls about robotics and innovation; Astia Europe, which prepares and trains female angel investors; and here at home in Canada I support CanWIT, which matches mentors and young women in technology.
I founded Startup Canada with the goal of helping Canada to become the best place in the world to start growing a business for both men and women. As the voice of Canadian entrepreneurs, Startup Canada leads a national grassroots effort to build a vibrant entrepreneurial ecosystem that will fuel prosperity.
In 2012 we completed a cross-country tour where we spoke to 20,000 Canadians in 40 communities to crowdsource our mission and mandate. Since then, Startup Canada's efforts have focused on uniting and strengthening our grassroots communities across Canada, from Fredericton and Winnipeg to Smithers and Nanaimo, connecting entrepreneurs online and off, undertaking initiatives to fuel a culture of entrepreneurship through storytelling and pushing forward the conversation through mainstream media, and stepping up as the voice of Canadian entrepreneurs.
Startup Canada is Canada's platform for the collective advancement of entrepreneurship. It's an economic development tool that we can leverage.
I know that this committee has heard that 14% of women solely own small businesses. At Startup Canada we promote women's entrepreneurship through mentorship and encouraging women to join support networks, accelerators, incubators, and other available programs that promote women entrepreneurship.
We know from StatsCan that small and medium-sized businesses make up more than half the business sector GDP composition in Canada. According to Stats Canada, 47% of women are willing to take the risk to start up a business, which represents an increase of 23% over the last decade compared to a 10% increase for men.
I believe that even more women would start their own business if we could provide them with the resources, network, and culture to give them a helping hand and help them eliminate some of that risk. This is the role that Startup Canada has stepped up to play.
At Startup Canada, we've made sure to nominate a woman engagement manager to work on improving women's entrepreneurship. We also ensure that women are proactively engaged, reflected, and represented throughout our programs and within our governance structure.
For the committee today, I'd like to finish off with five recommendations. I believe there are five things we could do better today to encourage greater participation of women in entrepreneurship.
First and foremost, we need to do a better job of supporting girls in getting involved in STEM topics—science, technology, engineering and maths—and an early business education through play, networks, and learning.
Second, we need to do a better job of encouraging awareness of relatable role models for girls and women. We need to do a better job of talking about them and celebrating them as part of the entrepreneurship environment.
Third, we need to encourage mentorship by supporting women in accessing mentors to help them start and scale their ideas.
Fourth, we need to facilitate access to support and networks by supporting women in connecting with each other virtually and on the ground, so that they can start and grow their companies.
Finally, we need to provide access to child care. Child care comes at a price and can limit the ability of a woman entrepreneur to go beyond one employee to actually scale their company and create jobs for Canada.
There is no central agency or organization connecting women entrepreneurs across Canada to support resources, networks, and to really champion and celebrate women from coast to coast. As a volunteer-driven organization, we are working to fill that role, but we could do so much more.
In closing, we support any investments or measures that foster an entrepreneurship culture in Canada. We believe that cultivating a better entrepreneurship ecosystem will lead to better jobs for women. The Canadian accelerator and incubator program and programs targeted towards women entrepreneurs and mentorship are good examples. We support investments that are meant to encourage women—especially young women—to become successful entrepreneurs.
Finally, Startup Canada and its 300 volunteers are working hard to promote an entrepreneurial culture in Canada, and this includes women's participation.
Thank you for your time. I welcome your questions.